Ashford Hospitality Trust has completed the sale of Embassy Suites Las Vegas for approximately $43.5 million in gross cash consideration. The 220-room hotel was sold by an indirect wholly owned subsidiary to 4315 Hospitality LLC; the transaction closed on September 25, 2026.
Which Las Vegas hotel did Ashford sell?
The property was Embassy Suites Las Vegas, a 220-room hotel in Las Vegas, Nevada. Ashford Las Vegas LP, an indirect wholly owned subsidiary of Ashford Hospitality Trust, Inc. (NYSE: AHT), was the seller. The buyer was 4315 Hospitality LLC. Ashford’s Form 8-K identifies the parties and property.
When did the sale close?
The sale closed September 25, 2026, under an Agreement of Purchase and Sale dated August 27, 2026. Ashford reported the completed disposition in a Form 8-K filed October 1, 2026. This was a closed transaction, not a pending sale.
How do the sale price and proceeds differ?
The approximately $43.5 million figure is the gross cash consideration, subject to customary prorations and adjustments. It is not the amount remaining after transaction costs or debt repayment.
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| Measure | Approximate amount | What it represents |
|---|---|---|
| Gross cash consideration | $43.5 million | Contract consideration reported in Ashford’s Form 8-K, subject to customary prorations and adjustments. SEC filing. |
| Cash proceeds net of selling expenses | $42.7 million | Net figure reported in filing details reproduced by Stock Titan; it is lower than the gross consideration. Stock Titan filing reproduction. |
| Payment to mortgage lender | $41.2 million | Amount reported as paid to the mortgage lender in filing details reproduced by Stock Titan. This is a debt payment, not the gross sale price or net proceeds. Stock Titan filing reproduction. |
The reported mortgage payment does not establish how Ashford used any remaining proceeds. The cited transaction details do not state a specific company rationale for the sale.
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