#AshfordHospitalityTrust

[tradedmiami]

SALE IMAGE: Alex Cranberg, Cathy Cranberg, Daniel del Olmo & Andy Allen DATE: 06/27/2024 ADDRESS: 1 Ocean Boulevard - One Ocean Resort and Spa MARKET: Atlantic Beach ASSET TYPE: Hotel BUYER: Alex & Cathy Cranberg - Aspect Real Estate; Kelco Management and Development; Daniel del Olmo - Sage Hospitality Group ; Andy Allen - Corner Lot Development Group SELLER: Ashford Hospitality Trust LENDER: Athene SALE PRICE: $87,000,000 KEYS: 193 ~ PPK: $450,777 NOTE: Ashford Hospitality Trust (AHT) completed the $87 million sale of the 193-room One Ocean Resort in Atlantic Beach, Florida to a consortium including Aspect Real Estate, Kelco Management and Development, Sage Hospitality Group, and Corner Lot Development Group. The buyers plan to reposition the resort under Sage Hospitality's management, enhancing its stature as part of Sage's Independent Collection of hotels nationwide, following its original construction in 1973. #Miami #RealEstate #tradedmia #MIA #AtlanticBeach #Hotel #AshfordHospitalityTrust #AndyAllen #CornerLotDevelopmentGroup #Athene #AlexCranberg #CathyCranberg #AspectRealEstate #KelcoManagementandDevelopment; #DanieldelOlmo #SageHospitalityGroup

[tradedmiami]

SALE IMAGE: Rob Hays DATE: 08/02/2023 ADDRESS: 8849 Worldquest Boulevard - WorldQuest Resort MARKET: Orlando ASSET TYPE: Hotel SELLER: Ashford Hospitality Trust - Rob Hays SALE PRICE: $14,800,000 KEYS: 79 ~ PPK: $187,342 NOTE: Ashford Hospitality Trust sold 79 owned units and public space at the WorldQuest Resort in Orlando for $14.8 million, with each unit priced at $187,000. The proceeds will be used to pay down the company's corporate financing, and they are looking at other potential asset sales to improve their portfolio. #Miami #RealEstate #tradedmia #MIA #WorldQuestResort #Orlando #Hotel #AshfordHospitalityTrust #RobHays