Ashford Hospitality Trust completes $26.5 million sale of Hyatt Regency Long Island
Ashford Hospitality Trust completes $26.5 million sale of Hyatt Regency Long Island
Ashford Hospitality Trust, Inc. (NYSE:AHT) announced the completion of the sale of the Hyatt Regency Long Island in Hauppauge, New York. The transaction was finalized on July 31, when HH FP Portfolio LLC, an indirect wholly owned subsidiary of Ashford Hospitality Trust, sold the property to ABGHLI2613 LLC and TIC Owner Hyatt LLC for approximately $26.5 million in cash, subject to customary prorations and adjustments. The sale is significant given the company’s market capitalization of just $21.29 million and current ratio of 0.47, indicating liquidity pressures. According to InvestingPro analysis, AHT appears undervalued at its current price of $3.24, with shares down 24% year-to-date. The platform’s comprehensive Pro Research Report offers deeper insights into the company’s financial health.
The sale was conducted under an Agreement of Purchase and Sale originally dated April 8, 2026, which was subsequently amended and reinstated prior to closing. The property is a full-service hotel located in the Long Island region of New York.
Ashford Hospitality Trust stated that unaudited pro forma financial information reflecting the disposition is available as of and for the three months ended March 31, 2026, and for the year ended December 31, 2025. This information is included as an exhibit to the company’s filing.
The company’s common stock and several series of preferred stock are listed on the New York Stock Exchange under the tickers NYSE:AHT, NYSE:AHT-PD, NYSE:AHT-PF, NYSE:AHT-PG, NYSE:AHT-PH, and NYSE:AHT-PI.
This information is based on a press release statement included in the company’s recent filing with the Securities and Exchange Commission.
In other recent news, Ashford Hospitality Trust has been actively involved in several property sales. The company completed the sale of the Hilton Garden Inn Austin Downtown for $26.85 million in cash. This transaction was finalized through Ashford’s indirect subsidiary, HH Austin Hotel Associates, L.P., and the property was sold to JMIR Acquisitions, LLC. Additionally, Ashford Hospitality Trust sold the Hilton Garden Inn Jacksonville - Deerwood Park for $11.3 million. This sale was carried out by Ashford Jacksonville I LP, another indirect subsidiary, to Maco Properties, L.L.C.
Furthermore, Ashford Hospitality Trust completed the sale of the Sheraton Mission Valley hotel in San Diego for approximately $45.3 million. The property was sold to Hotel Circle Holdings LLC through the company’s indirect subsidiary, Ashford MV San Diego LP. These recent transactions reflect Ashford Hospitality Trust’s ongoing efforts to manage its portfolio.