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Ashford Hospitality Trust Sells Hyatt Regency Long Island for $26.5M
1reports1reporting sources2026-08-10Update
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Ashford's asset sales reflect the financial pressures on hotel REITs in 2026, relevant for those following hotel investment and asset transactions.
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8月10日
- Hotel Dive FeedAshford Hospitality Trust Sells Hyatt Regency Long Island for $26.5M
A subsidiary of Ashford Hospitality Trust has sold the Hyatt Regency Long Island in Hauppauge, New York, for $26.5 million in cash. The transaction closed on July 31 and is part of Ashford's ongoing asset disposition strategy. Earlier, Ashford sold five hotels in Q1, generating combined gross proceeds of $238.5 million. This sale is part of a six-hotel deal totaling $156.4 million.