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Ashford Hospitality Trust sells Hyatt Regency Long Island for $26.5M
['Noor Adatia', 'Mon', 'August', 'At Am Gmt', 'Min Read']
Yahoo Finance
Dive Brief:A subsidiary of Ashford Hospitality Trust has sold the Hyatt Regency Long Island in Hauppauge, New York, for $26.5 million in cash, according to an Aug. 6 filing with the U.S. Securities and Exchange Commission.
Previously, the property served as a Wyndham hotel before rebranding as the Hyatt Regency Wind Watch, according to a 2005 news release from Hyatt.
In the first quarter of this year, Dallas-based Ashford sold five hotels, which netted combined gross proceeds of $238.5 million.
The Long Island property is one of the six hotels that Ashford agreed to sell for a combined $156.4 million, according to a Q1 earnings report from May.
Ashford did not host an earnings call for its first-quarter results and has not yet released its second-quarter earnings results.