Ashford Hospitality Trust is looking to raise capital by selling off some assets. Five of those properties are in Georgia. One is the 444-room Ritz-Carlton Atlanta. The other assets at various stages of being available for sale:

• 351-room Hyatt Savannah – Savannah, GA
• 86-room Hampton Inn Lawrenceville – Lawrenceville, GA
• 90-room SpringHill Suites Kennesaw – Kennesaw, GA
• 87-room Fairfield Inn Kennesaw – Kennesaw, GA

The Company is unlikely to sell all these assets but plans to determine which assets capture the most attractive valuations and provide sufficient proceeds levels above allocated debt balances and mortgage release prices. The company is also working with lenders to refinance its loans secured by several other hotels under their umbrella.

Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels. Ashford reported total indebtedness of $3.6 billion, including $3.3 billion of variable-rate debt. At the end of 2022, the company owned 100 hotels with more than 22,300 rooms.