AHT Continues $400M Preferred Stock Offering, Sells Hyatt Regency Savannah for $158M to Reduce Debt

summarizeSummary

Ashford Hospitality Trust is continuing its massive $400 million preferred stock offering and has completed the sale of the Hyatt Regency Savannah for $158 million, using the proceeds to reduce mortgage debt, as it navigates a severe liquidity crisis and 'going concern' warning.

check_boxKey Events · Financing and Capital Events · AHT

• Massive Preferred Stock Offering Continues

  Ashford Hospitality Trust is continuing its offering of 16 million shares of Series L and Series M Redeemable Preferred Stock, with a liquidation preference of $25.00 per share, totaling $400 million. This is part of an ongoing, highly dilutive capital raise.

• Significant Hotel Asset Sale Completed

  The company completed the sale of the Hyatt Regency Savannah located in Savannah, Georgia, for $158.0 million in cash on June 30, 2026.

• Debt Reduction from Asset Sale

  Proceeds from the Hyatt Regency Savannah sale were used to repay approximately $159.0 million of mortgage debt, which was secured by 16 hotels.

• Ongoing Financial Distress

  These capital raising and asset disposition efforts are critical as the company faces a 'going concern' warning and a severe liquidity crisis, as previously reported in its Q1 2026 10-Q filing.

auto_awesomeAnalysis · AHT · Real Estate & Construction

This filing details Ashford Hospitality Trust's critical actions to manage its severe financial distress. The continuation of the $400 million preferred stock offering represents a massive and highly dilutive capital raise, while the $158 million hotel sale, though providing much-needed debt reduction, signifies a shrinking asset base. These combined actions are fundamental for the company's immediate liquidity and debt management in the face of a 'going concern' warning.