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Hospitality REIT to Put 'Anything and Everything on the Table' to Deleverage

From Negotiating with Lenders to Possibly Selling Hotels, Ashford Hospitality Trust CEO Eyes More Than Survival
One Ocean Resort, an eight-story, 193-room hotel along the Atlantic Ocean in Jacksonville, Florida, is completely booked for Memorial Day weekend. (CoStar)
One Ocean Resort, an eight-story, 193-room hotel along the Atlantic Ocean in Jacksonville, Florida, is completely booked for Memorial Day weekend. (CoStar)

For a Texas real estate investment trust with ownership of 116 hotels and nearly 25,000 rooms throughout the United States, its hotel occupancy seemed to have bottomed out in mid-April as a result of the pandemic and hotel closings tied to government mandates.

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News | Hospitality REIT to Put 'Anything and Everything on the Table' to Deleverage