NexPoint Hospitality Trust executes purchase agreement for the sale of Holiday Inn Express in Nashville

NexPoint Hospitality Trust has announced that, in connection with the previously disclosed process to market its Holiday Inn Express hotel property in Nashville, Tennessee, its subsidiary NHT Nashville, LLC, has entered into an agreement for purchase and sale of real property with NFV Acquisitions, LLC for the sale of the Tennessee Property.

NFV Acquisitions will, at closing, pay US$120,000,000 in cash for the real and personal property that comprises the Tennessee Property. Closing of the transaction is subject to the review of the TSX Venture Exchange and is expected to be completed in the third quarter of 2023.No finder's fee will be payable in connection with the sale. Proceeds of the transaction will be used to repay indebtedness related to the Tennessee Property and to potentially fund future acquisitions of real property.