Feb. 20 at 6:26 PM
$AHT Ashford Hospitality Trust (AHT) just disclosed that subsidiaries defaulted on a
$395M mortgage loan (now
$325M outstanding) secured by 8 hotels.
Missed payments + docs on Feb 9, 2026 → trustee accelerated the debt, demanding immediate full repayment + interest/fees.
Hotels at risk: Embassy Suites (Portland, Crystal City, Orlando, Santa Clara), La Concha Key West, Hilton Costa Mesa, Sheraton Minneapolis, Historic Inns Annapolis.
Key positives: No cross-defaults to other loans, no parent-level debt affected.
Company likely negotiating workout/sale to resolve. Another sign of leverage pressure in hospitality sector.
#AHT #REIT #HotelDefault