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Ashford Hospitality Trust, Inc. (AHT) announced the sale of Residence Inn in Salt Lake City for $19.2 million, expected to close in early March. The sale represents a 4.6% capitalization rate on 2023 net operating income. Proceeds will be used to pay down debt.
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Ashford Hospitality Trust, Inc. (AHT) reported a preliminary net loss for the fourth quarter and full year ended December 31, 2023, with an increase in Comparable RevPAR of 1.5%. Adjusted EBITDAre and Adjusted FFO estimates were also provided. The Company uses non-GAAP measures to enhance operational result understanding. Final results for the fourth quarter will be released on February 28, 2024.
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Ashford Hospitality Trust, Inc. (NYSE: AHT) plans to pay off its strategic financing by raising capital through asset sales, mortgage debt refinancings, and non-traded preferred capital raising. The company is considering selling several assets and refinancing loans secured by various properties to generate incremental proceeds. The goal is to pay down the strategic financing, deleverage the balance sheet, and utilize the funds for general corporate purposes. The company is optimistic about its ability to achieve this goal in 2024, citing the excess proceeds from planned asset sales, property refinancings, and non-traded preferred capital raise. Ashford Trust's President and CEO, Rob Hays, expressed confidence in the company's ability to outperform, highlighting the geographic diversification of its hotel portfolio.
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Ashford Hospitality Trust, Inc. (NYSE: AHT) announced the tax reporting information for the 2023 distributions on its preferred shares. The distributions for Series D, F, G, H, I, J, and K preferred shares are detailed, providing the income tax treatment applicable to each distribution reportable in 2023. The company also encourages stockholders to consult with their tax advisors regarding the tax effects of these dividends.
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Ashford Hospitality Trust, Inc. (NYSE: AHT) reported a 66% occupancy rate and an average daily rate of $182 for the fourth quarter of 2023, resulting in a RevPAR of approximately $120. Comparable RevPAR increased by 1% compared to the fourth quarter of 2022. The company also saw a 4% increase in Comparable RevPAR for October 2023 compared to October 2022, but a 1% decrease for December 2023 compared to December 2022. Ashford Trust's President and CEO, Rob Hays, expressed satisfaction with the performance, attributing it to increased corporate and group demand, and the company's well-positioned, geographically diverse portfolio. Additionally, the company has raised approximately $91.3 million of gross proceeds through the offering of its Non-Traded Preferred Equity.
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-5.68%
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Ashford Hospitality Trust, Inc. (NYSE: AHT) declares dividends for various series of preferred stocks for the first quarter, ending March 31, 2024. The dividends range from $0.4609 to $0.5281 per diluted share, payable on April 15, 2024, to stockholders of record as of March 28, 2024.
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Ashford Hospitality Trust, Inc. (NYSE: AHT) announced the details for the release of its fourth-quarter results, with plans to issue its earnings release on February 28, 2024, and host a conference call on February 29, 2024. Ashford Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.
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Ashford Hospitality Trust, Inc. (NYSE: AHT) has completed the transfer of ownership of the KEYS F loan pool to the mortgage lender, including several prominent hotels. The company is also working on a consensual transfer of ownership for the KEYS A and KEYS B loan pools. Despite media inaccuracies, major banks have not sued the company for breach of contract. Ashford Hospitality Trust is a real estate investment trust (REIT) specializing in upper upscale, full-service hotels.
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Ashford Hospitality Trust, Inc. expects to report an occupancy rate of approximately 72% for Q3 2023, with an average daily rate of $182 and a revenue per available room (RevPAR) of $132. This represents a 4% increase in Comparable RevPAR compared to Q3 2022. The company also saw a 3% increase in Comparable RevPAR for July 2023, a 5% increase for August 2023, and a 4% increase for September 2023 compared to the same months in 2022. Ashford Trust's President and CEO expressed satisfaction with the strong operating performance and highlighted the company's growth in occupancy, average daily rate, and RevPAR. The company has also raised approximately $76.8 million through its offering of non-traded preferred equity.
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18%
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Ashford Hospitality Trust announces agreement to convert Le Pavillon Hotel in New Orleans to Marriott's Tribute Portfolio
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Ashford Hospitality Trust, Inc.
NYSE:AHT
AHT Rankings
AHT Stock Data
49.24M
39.14M
1.48%
29.73%
6.99%
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United States of America
DALLAS
About AHT
ashford hospitality trust, inc., together with its subsidiaries (“ashford”), is a self-advised real estate investment trust (“reit”) focused on investing in the hospitality industry across all segments and in all methods including direct real estate, securities, equity, and debt. we commenced operations in august 2003 with the acquisition of six hotels in connection with our initial public offering. we own our lodging investments and conduct our business through ashford hospitality limited partnership, our operating partnership. ashford op general partner llc, a wholly-owned subsidiary of ashford, serves as the sole general partner of our operating partnership. our strategy is to invest opportunistically in the hospitality industry in upper upscale, full service hotels and at all levels of the capital structure primarily within the united states. we target assets that are anticipated to generate revpar below twice the current u.s. average revpar for all hotels as determined by smith tr