11:06 AM EST, 01/14/2025 (MT Newswires) -- Ashford Hospitality Trust ( AHT/PD ) said Tuesday it has sold its 315-room Courtyard Boston Downtown for $123 million.

"This sale not only deleverages our BAML Highland Pool loan, but also results in significant capital expenditure savings going forward," said Chief Executive Officer

Stephen Zsigray.

The company's shares were up more than 8% in recent trading.

Price: 9.40, Change: +0.73, Percent Change: +8.40