DALLAS, Feb. 26,
2025 /PRNewswire/ -- Ashford Hospitality Trust, Inc.
(NYSE: AHT) ("Ashford Trust" or the "Company") announced today that
it has successfully extended its mortgage loan secured by the
141-room Hotel Indigo Atlanta Midtown in Atlanta, Georgia. The loan had a final
maturity date in December of 2024. The extension provides for an
initial maturity in February of 2026 and a one-year extension
option, subject to the satisfaction of certain conditions, with a
final maturity date in February 2027. The loan has a current
balance of $12.3 million and
continues to bear interest at a floating rate of SOFR + 2.85%.
Ashford Hospitality Trust is a real estate investment trust
(REIT) focused on investing predominantly in upper upscale,
full-service hotels.
Forward-Looking Statements
Certain statements and assumptions in this press release
contain or are based upon "forward-looking" information and are
being made pursuant to the safe harbor provisions of the federal
securities regulations. Forward-looking statements are generally
identifiable by use of forward-looking terminology such as "may,"
"will," "should," "potential," "intend," "expect," "anticipate,"
"estimate," "approximately," "believe," "could," "project,"
"predict," or other similar words or expressions. Additionally,
statements regarding the following subjects are forward-looking by
their nature: Our business and investment strategy; anticipated or
expected purchases, sales or dispositions of assets; our projected
operating results; completion of any pending transactions; our
ability to restructure existing property-level indebtedness; our
ability to secure additional financing to enable us to operate our
business; our understanding of our competition; projected capital
expenditures; and the impact of technology on our operations and
business.. Such forward-looking statements are based on our
beliefs, assumptions, and expectations of our future performance
taking into account all information currently known to us. These
beliefs, assumptions, and expectations can change as a result of
many potential events or factors, not all of which are known to us.
If a change occurs, our business, financial condition, liquidity,
results of operations, plans, and other objectives may vary
materially from those expressed in our forward-looking statements.
You should carefully consider this risk when you make an investment
decision concerning our securities. These and other risk factors
are more fully discussed in the Company's filings with the
SEC.
The forward-looking statements included in this press release
are only made as of the date of this press release. Investors
should not place undue reliance on these forward-looking
statements. We will not publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or circumstances, changes in expectations or
otherwise except to the extent required by law.
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SOURCE Ashford Hospitality Trust, Inc.
