NEXPOINT HOSPITALITY TRUST ANNOUNCES THIRD QUARTER 2023 FINANCIAL RESULTS, UPDATE ON SALE OF DOUBLETREE PORTFOLIO AND THE SALE PROCESS OF THE HIX NASHVILLE PORTFOLIO

Nexpoint Hospitality Trust has released its financial results for the three and nine months ended Sept. 30, 2023. All amounts are expressed in U.S. dollars.

The table below presents net income from continuing operations, Funds from Operations ("FFO") and Adjusted Funds from Operations ("AFFO")2.

The table below presents Occupancy, ADR and RevPAR.

Additional information on 2023 financial and operational results can be found at www.sedarplus.ca in our 2023 interim consolidated financial statements and management discussion and analysis ("MD&A").

DoubleTree Portfolio

On March 8, 2022, the REIT began the marketing process to sell its DoubleTree Portfolio. As of September 30, 2023, the REIT has sold the Beaverton, Vancouver, Bend and Olympia properties for a combined purchase price of US$80.25 million. The REIT had executed purchase and sale agreements on the Tigard property for a purchase price of US$24.5 million. However, the buyer defaulted on the agreement and relinquished the escrow to the REIT. The REIT is still actively marketing the Tigard property and hopes to complete the sale of the property before year-end. The REIT used the proceeds from the Beaverton, Bend, Vancouver, and Olympia sales to pay off the DT Portfolio debt and reduce other portfolio debt and liabilities.

HIX Nashville Portfolio

On February 6, 2023, the REIT entered into an agreement with a broker to market the Holiday Inn Express Nashville property (the "Tennessee Property"). On August 11, 2023, the REIT's subsidiary NHT Nashville, LLC, entered into an agreement for the sale of the Tennessee Property for a purchase price of US$120 million. The sale of the Tennessee Property is expected to close in December 2023. Proceeds of the transaction will be used to repay indebtedness related to the Tennessee Property and to potentially fund future acquisitions of real property.

About NHT

NexPoint Hospitality Trust is a publicly traded real estate investment trust, with its Units listed on the TSXV under the ticker NHT.U. NHT is focused on acquiring, owning and operating well-located hospitality properties in the United States that offer a high current yield and in many cases are underperforming assets with the potential to increase in value through investments in capital improvements, a market-based recovery, brand repositioning, revenue enhancements, operational improvements, expense inefficiencies, and exploiting excess land or underutilized space. NHT owns 9 branded properties sponsored by Marriott, Hilton, Hyatt, and Intercontinental Hotels Group, located across the U.S. NHT is externally advised by NexPoint Real Estate Advisors VI, L.P.