Ashford Hospitality Trust Sells 150-room Residence Inn In San Diego For $42M

The 150-room Residence Inn located at 5995 Pacific Mesa Court in San Diego is currently in contract for a sale price of $42,000,000, which equates to $280,000 per key. The transaction is part of Ashford Hospitality Trust’s deleveraging strategy, with a 5.7% cap rate post $16M in planned improvements. The deal is expected to close in October 2025, indicating the ongoing investor interest in San Diego's robust hotel market.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $42,000,000
• Seller: Stephen Zsigray - Ashford Hospitality Trust
• Market: San Diego
• Keys: 150
• PPK: $280,000

Stephen Zsigray represents Ashford Hospitality Trust in this transaction, signaling the company’s continued efforts to manage its portfolio strategically amidst market demands.