Ashford Hospitality Trust completes $37.2M sale of Lakeway Resort in Austin

Ashford Hospitality Trust sold its 168-room Lakeway Resort and Spa in Austin, Texas for $37.2 million in cash on May 19, 2026, and used proceeds to pay down $36.3 million on a mortgage secured by 16 hotels. The asset sale reduces the company's property portfolio and debt obligations.