Shares of Ashford Hospitality Trust, Inc. (NYSE:AHT) jumped after the real estate investment trust said it plans to sell enough of its hotels to pay off debt coming due at the start of 2026. Shares climbed 33% to $1.78 in morning trading. The stock is down 74% over the past 12 months.

The REIT listed a dozen of its properties in the process of being available for sale. The list includes the 390-room Hilton Boston Back Bay hotel, the 444-room Ritz-Carlton Atlanta and the 296-room Westin Princeton. The properties are largely urban hotels focused on corporate travel.

Ashford said it is unlikely to sell all of the properties, but will sell the ones that capture the best valuations. The REIT said it is also working to refinance its loan secured by the Renaissance Nashville hotel in Tennessee, as well as some of its other loans. "We believe we have a viable path to pay off our strategic financing this year," Chief Executive Rob Hays said.