Ashford Hospitality Trust Sells 79 Units And Public Space In Orlando's WorldQuest Resort For $14.8M

Ashford Hospitality Trust, represented by Rob Hays, has sold 79 owned units and public space at the WorldQuest Resort in Orlando. The property, located at 8849 Worldquest Boulevard, was sold for a total of $14.8 million, with each unit priced at $187,000. This transaction will enable Ashford Hospitality Trust to pay down its corporate financing and explore other potential asset sales to further strengthen its portfolio.

Summary of transation details

• Property Type: Hotel
• Transaction Amount: $14,800,000
• Address: 8849 Worldquest Boulevard, Orlando
• Market: Orlando
• Seller: Ashford Hospitality Trust (represented by Rob Hays)
• Number of Units: 79
• Price per Unit: $187,000

This transaction was driven by Ashford Hospitality Trust's strategic decision to optimize their portfolio. By divesting these units at the WorldQuest Resort, they will be able to reduce their corporate financing and strengthen their financial position. Ashford Hospitality Trust, under the guidance of Rob Hays, will continue to evaluate other potential asset sales to further enhance their portfolio.