An undisclosed buyer acquired 85-room Hampton Inn in Lawrenceville, Georgia from Ashford Hospitality Trust, Inc. (NYSE:AHT) for $8.1 million on April 29, 2024. The consideration paid is $8.1 million ($95,300 per key). The sale price represented a 6.0% capitalization rate on trailing 12-month net operating income through March 2024. All of the net proceeds from the sale will be used for general corporate purposes including paying down the Company?s strategic financing.

An undisclosed buyer completed the acquisition of 85-room Hampton Inn in Lawrenceville, Georgia from Ashford Hospitality Trust, Inc. (NYSE:AHT) on April 29, 2024.