Ashford Hospitality Trust completed sales of four hotels and agreed to sell two additional properties as of August 28, 2026. The trust anticipates more than $60 million in future capital expenditure savings resulting from these transactions. Proceeds from the sales will be primarily allocated to reduce Ashford’s mortgage debt. Hotels sold include Hilton St. Petersburg Bayfront, La Posada de Santa Fe, and Hilton Alexan.
On August 27, 2026, Marriott International was added to Erste Group’s global equity coverage. Erste Group named Marriott one of its latest favorites with further upside potential but did not disclose a specific target price. Marriott
also reached 300 million members in its Marriott Bonvoy loyalty program during the week prior to August 28.
The Highland Group reported that U.S. extended-stay hotel demand increased 6.2% in July 2026 compared to July 2025—the highest growth seen in over four years. Extended-stay room nights available expanded by 4.7% year-over-year in July, following below-average supply growth in the first half of 2026.
