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Reported Earlier, Ashford Hospitality Trust Extends $409.8M Mortgage Loan On 17 Hotels, Pushing Final Maturity To 2028

Author: Benzinga Newsdesk | April 15, 2025 02:27am

The loan had an original final maturity date in November of 2024. The extension provides for an initial maturity in March of 2026 and two, one-year extension options, subject to the satisfaction of certain conditions, with a final maturity date in March of 2028.  The loan has a current balance of $409.8 million and continues to bear interest at a floating rate of SOFR + 3.39%. The extension also provides added flexibility for the Company to release assets upon sale.

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