public_filing
Courtyard Boston Downtown — Ashford disposition
$123,000,000 · $390,476/key
Ashford sold the 315-room Courtyard Boston Downtown in Boston, Massachusetts on January 10, 2025 for $123.0 million in cash. Harbor PPK is $123.0 million ÷ 315. Ashford rounded the same math to $390,500 per key. The same January 10, 2025 8-K names January 10, the 315 rooms, and that cash price. Use the $123.0 million hotel price, not the $121.5 million net-of-selling-expenses line. Buyer unnamed as a Harbor party — the 8-K names 275 Tremont Owner, LLC. Filing names Boston — Harbor will not invent a Back Bay lock. Hilton Boston Back Bay stays off (144 / 390 room conflict). Hyatt Regency Savannah stays off until a filing names month, the $158.0 million cash price, and keys together.
Ashford Hospitality Trust Form 8-K, January 10, 2025 (closed January 10)