ANZ Hospitality LLC completed the acquisition of Sheraton (Bucks County, PA) from Ashford Hospitality Trust, Inc. for $13.8 million.
November 08, 2023
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ANZ Hospitality LLC agreed to acquire Sheraton (Bucks County, PA) from Ashford Hospitality Trust, Inc. (NYSE:AHT) on August 4, 2023. The sale is expected to close in late October or early November.
ANZ Hospitality LLC completed the acquisition of Sheraton (Bucks County, PA) from Ashford Hospitality Trust, Inc. (NYSE:AHT) for $13.8 million on November 9, 2024. The consideration was paid in cash. The sale resulted in a gain for Ashford Hospitality of approximately $3.9 million for the year ended November 9, 2023.
Ashford Hospitality Trust, Inc. is a real estate investment trust (REIT). The Company's portfolio consists of upscale hotels and upper upscale full-service hotels. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP). The Company's hotel properties are primarily branded under the brands of Hilton, Hyatt, Marriott and Intercontinental Hotel Group. The Company operates through one segment: direct hotel investments. The Companyâs portfolio consists of 90 hotels with 20,549 rooms. It owns a 15.1 % ownership in OpenKey, Inc. The Company owns four consolidated operating hotel properties, which represent 405 total rooms owned through a 99.4% ownership interest in Stirling REIT OP, LP (Stirling OP). The Company also has an investment in an entity that owns the Meritage Resort and Spa and the Grand Reserve at the Meritage (the Meritage Investment) in Napa, California.
ASHFORD HOSPITALITY TRUST, INC. 
