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Houston NASA Clear Lake Hotel – Image Credit Hilton
Ashford Hospitality Trust Inc. has signed an agreement to sell the Hilton Houston NASA Clear Lake. The transaction, priced at $27 million, will be finalized by June 2025, contingent upon typical closing conditions.
When adjusted for the Trust’s projected capital expenditures, the sale price indicates a 3.2% capitalization rate on net operating income or a 23.6x Hotel EBITDA for the twelve months concluded on April 30, 2025. When the anticipated capital spend is excluded, the sale price reflects a 5.0% capitalization rate on net operating income or 15.2x Hotel EBITDA for the same period.
The agreement to sell the Hilton Houston NASA Clear Lake is expected to reduce the Trust’s Morgan Stanley 17 Pool loan and lead to substantial savings in capital expenditures.
The sale is part of a broader strategy to transform the Trust through the potential for opportunistic sales. Additional assets are currently on the market at various stages of the sales process. These sales are intended to shift the asset portfolio of the Trust further and influence its future trajectory.
The Trust has not guaranteed that the sale will be completed on the agreed terms or finalized. The completion of the transaction depends on several factors, including but not limited to the fulfillment of standard closing conditions.
Houston NASA Clear Lake Hotel – Image Credit Hilton
Ashford Hospitality Trust Inc. has signed an agreement to sell the Hilton Houston NASA Clear Lake. The transaction, priced at $27 million, will be finalized by June 2025, contingent upon typical closing conditions.
When adjusted for the Trust’s projected capital expenditures, the sale price indicates a 3.2% capitalization rate on net operating income or a 23.6x Hotel EBITDA for the twelve months concluded on April 30, 2025. When the anticipated capital spend is excluded, the sale price reflects a 5.0% capitalization rate on net operating income or 15.2x Hotel EBITDA for the same period.
The agreement to sell the Hilton Houston NASA Clear Lake is expected to reduce the Trust’s Morgan Stanley 17 Pool loan and lead to substantial savings in capital expenditures.
The sale is part of a broader strategy to transform the Trust through the potential for opportunistic sales. Additional assets are currently on the market at various stages of the sales process. These sales are intended to shift the asset portfolio of the Trust further and influence its future trajectory.
The Trust has not guaranteed that the sale will be completed on the agreed terms or finalized. The completion of the transaction depends on several factors, including but not limited to the fulfillment of standard closing conditions.
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It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution
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