Ashford Hospitality Trust Completes Sale of Sheraton Mission Valley
On June 9, 2026, Ashford Hospitality Trust, Inc. (the βCompanyβ) completed the sale of the Sheraton Mission Valley in San Diego, California, through its indirect wholly owned subsidiary, Ashford MV San Diego LP. The property was sold to Hotel Circle Holdings LLC for approximately $45.3 million in cash, subject to customary pro-rations and adjustments. The sale agreement was originally dated March 26, 2026. This transaction is reflected in the unaudited pro forma financial information for the periods ending March 31, 2026, and December 31, 2025, which indicates the removal of the hotel's assets, liabilities, and operating results. The pro forma financial statements account for the disposition and associated preliminary gain, noting that actual results may differ. The company also reported paying approximately $35.9 million to a mortgage lender secured by 15 hotels including the Sheraton San Diego.