Ashford Hospitality Trust has sold four hotels and agreed to sell an additional two as of August 28, 2026. The REIT projects over $60 million in future capital expenditure savings from these transactions. Proceeds from these sales will primarily be used to reduce mortgage debt. Closed sales include Hilton St. Petersburg Bayfront in Florida, La Posada de Santa Fe in New Mexico, and Hilton Alexan, with the latter’s location unspecified.
Marriott International Joins Erste Group Coverage
On August 27, 2026, Erste Group added Marriott International to its global equity coverage. Erste Group labeled Marriott as one of its “favorites,” citing further upside potential, although no public
target price was provided. Marriott recently reached a milestone of 300 million members in its Marriott Bonvoy loyalty program.
U.S. Extended-Stay Hotel Market Shows Strong Growth
The Highland Group reported that extended-stay hotel demand in the United States increased by 6.2% in July 2026 compared to July 2025—the highest growth rate seen in more than four years. During the same period, extended-stay room night supply rose by 4.7%, following a below-average supply increase in the first half of the year.
