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Ashford Hospitality Trust, Inc. (NYSE: AHT) announced preliminary first-quarter results for 2024, with estimated net income of $66.4-68.4 million, Adjusted EBITDAre of $58.5-60.5 million, and Adjusted FFO of $(14.7)-$(12.7) million. Final results will be released on May 7, 2024.
Ashford Hospitality Trust, Inc. (NYSE: AHT) announced the sale of the 85-room Hampton Inn in Lawrenceville, Georgia for $8.1 million, representing a 6.0% capitalization rate. Proceeds will be used for corporate purposes and strategic financing. The Company transferred possession of hotel properties to a court-appointed receiver. Ashford Trust is progressing on its deleveraging plan.
