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NexPoint Hospitality Trust Announces First Quarter 2022 Financial Results, Intent to Sell DoubleTree Portfolio, and Convertible Notes

Additional information on 2022 financial and operational results can be found at in our 2022 interim consolidated financial statements and management discussion and analysis (“MD&A”).

DoubleTree Portfolio

On March 8, 2022, the Company began the marketing process to sell its DoubleTree Portfolio. As of May 27, 2022, the Company has received multiple offers and expects the transaction to close in the third quarter of 2022. The Company will use the proceeds from the sale to pay down the outstanding debt on the DT Portfolio with the remaining proceeds used to make principal paydowns on existing third party debt.

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