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Hotel REIT Says It Will ‘Likely’ Return 19 Properties to Lenders

(Bloomberg) -- Ashford Hospitality Trust Inc. expects to return 19 hotels to lenders in cities including Las Vegas and Atlanta, declining to pour more cash into the properties, which are part of a $982 million mortgage pool that missed a repayment deadline in June. Most Read from BloombergCEO Who Grew Up in Poverty Builds Rare $1.4 Billion Fish StartupAnt to Buy Back Shares at 70% Lower Valuation Than at IPOStock Market Short Sellers That Helped Fuel This Year’s Rally Are Finally Giving UpSummer