Sep. 15 at 9:57 PM
$AHT September 15, 2025 5:45 PM
ASHFORD HOSPITALITY TRUST ANNOUNCES REFINANCING OF MORTGAGE LOAN SECURED BY THE RENAISSANCE NASHVILLE HOTEL
The new, non-recourse loan has a balance of
$218.1 million, and has a two-year term with three one-year extension options, subject to the satisfaction of certain conditions, with a final maturity date of September 2030. The loan is interest only and provides for a floating interest rate of SOFR + 2.26%. The previous loan totaled
$267.2 million and provided a floating interest rate of SOFR + 3.98%.
In conjunction with the debt refinancing, the preferred equity investment on the property was upsized by
$53.0 million, and the all-in rate of return on the preferred equity was reduced from 14% to 11.14%.
https://www.prnewswire.com/news-releases/ashford-hospitality-trust-announces-refinancing-of-mortgage-loan-secured-by-the-renaissance-nashville-hotel-302556856.html