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Ashford Hospitality Trust completes $13.5 million sale of Embassy Suites Austin
Ashford Hospitality Trust (NYSE:AHT) has completed the sale of its Embassy Suites Austin hotel for $13.5 million in cash, as detailed in a recent SEC filing. The sale occurs with AHT shares trading near their 52-week low. This transaction is part of the company’s broader strategy to explore strategic alternatives, terminate certain preferred stock offerings, and sell additional hotels to reduce debt.