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Ashford Hospitality ( (AHT) ) has shared an announcement.
Ashford Hospitality Trust announced the successful extension of its $37 million mortgage loan for Le Pavillon Hotel in New Orleans, Louisiana, with a final maturity date set for December 2027. The extension coincides with the hotel’s recent conversion to Marriott’s Tribute Portfolio, which is expected to enhance its performance significantly.
More about Ashford Hospitality
Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.
YTD Price Performance: -59.85%
Average Trading Volume: 50,205
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $43.01M
For an in-depth examination of AHT stock, go to TipRanks’ Stock Analysis page.
