Ashford Hospitality Completes $11.3M Hotel Sale in Jacksonville

Ashford Hospitality Trust, Inc. announced the completion of the sale of its Hilton Garden Inn Jacksonville - Deerwood Park hotel in Jacksonville, Florida on June 11, 2026. The 119-room property was sold to Maco Properties, L.L.C. for $11.3 million in cash, subject to customary adjustments. The company received approximately $11.0 million net of selling expenses and paid about $9.5 million to the mortgage lender to repay debt secured by eight hotels including the sold property. The filing includes unaudited pro forma financial information showing the impact of the disposition on the company's balance sheet and operations. The pro forma adjustments reflect the removal of the hotel's assets, liabilities, and operations from Ashford's financial statements, including a preliminary gain on the sale. The transaction represents a strategic asset disposition as the company continues to manage its hotel portfolio and debt obligations.