Ault Alliance Plans to Sell Four Hotels for Approximately $100 Million

(24/7 MARKET NEWS) – Ault Alliance Inc. (AULT:AMEX) stated, this morning, that Ault Global Real Estate Equities, Inc., its wholly owned subsidiary, plans to list for sale its four recently renovated Midwest hotels, the Hilton Garden Inn in Madison West, the Residence Inn in Madison West, the Courtyard in Madison West, and the Hilton Garden Inn in Rockford. The move allow Ault to focus on its core businesses, including the crane rental business, the California licensed lender, and data center operations, and Ault plans to use the proceeds from the sales of the hotel properties to pay off debt and commit more capital to its core businesses.

Ault Alliance is trading at $1.14, up $0.09 (+8.57%), on 220.09K premarket shares traded.

Its 52-week range is $1.00 to $64.603. Its next resistance points are $1.52 and $1.72.

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