STAYHotel Dive · 1h ago
Ashford Hospitality Trust sells Hyatt Regency Long Island for $26.5M
Executive Brief
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Ashford Hospitality Trust has completed the sale of the Hyatt Regency Long Island for $26.5 million. The transaction aligns with the real estate investment trust's broader strategic divestment of select domestic hotel assets.
- 01The Hyatt Regency Long Island sold for a total consideration of $26.5 million
- 02Divestment follows a previous Marriott hotel sale in Silicon Valley
- 03The transaction serves to advance the firm's ongoing portfolio offloading strategy
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The New York transaction follows the real estate investment trust’s sale of a Marriott in Silicon Valley, California, as the firm advances its ongoing offloading strategy.