Ashford Hospitality Trust filings document the reporting obligations of a Maryland hotel REIT with direct investments in upper upscale, full-service hotels. Its 8-K filings record completed hotel dispositions, related pro forma financial information, material agreements with its operating partnership, Ashford TRS Corporation and Ashford-affiliated advisor, and capital-structure matters involving common stock and Series D, F, G, H, I, J, K, L and M preferred stock.
Proxy statements cover board elections, executive compensation, shareholder voting matters and governance practices. Other filings address preferred-stock valuation disclosures, operating and financial results, and the advisory framework that connects the company, Ashford Hospitality Limited Partnership, Ashford TRS Corporation, Ashford Inc. and Ashford Hospitality Advisors LLC.
Ashford Hospitality Trust, Inc. reported several governance and capital actions. The company’s external advisor entered into an employment agreement with President and CEO Stephen Zsigray, and Ashford Hospitality Trust and Ashford Inc. signed a retention letter under which the company will pay Mr. Zsigray monthly retention payments of $354,166.67 from April 2026 through March 2029, subject to his continued role and defined termination conditions.
The board terminated the primary offerings of the company’s Series L and Series M Redeemable Preferred Stock, while continuing to offer those shares through its dividend reinvestment plan. The board also suspended all redemptions of the company’s Series J, Series K, Series L and Series M Redeemable Preferred Stock. In addition, the board formed a special committee of independent and disinterested directors to evaluate potential strategic alternatives intended to create and enhance value for stockholders.
Ashford Hospitality Trust, Inc. reported that it has signed definitive agreements to sell three hotel properties: Le Pavillon, New Orleans, a Tribute Portfolio Hotel, the Embassy Suites by Hilton Austin Arboretum, and the Embassy Suites by Hilton Houston Near the Galleria. The company states that these sales are subject to normal closing conditions and emphasizes that there is no assurance the transactions will be completed on the stated terms or at all. A related press release with more detail is referenced as an exhibit to this report.
Ashford Hospitality Trust reported Q3 2025 results showing total revenue of $266,061 thousand versus $276,600 thousand a year ago. Hotel revenue was $265,676 thousand. The company recorded an operating income of $12,217 thousand, supported by gains on asset activity, but posted a net loss of $62,725 thousand for the quarter. Loss per share was $11.35.
Expenses included hotel operating costs of $193,272 thousand, depreciation and amortization of $34,589 thousand, and impairment charges of $18,374 thousand. Interest expense and amortization of discounts and loan costs were $62,879 thousand, with an additional $9,684 thousand of interest expense associated with hotels in receivership.
On the balance sheet at September 30, 2025, total assets were $3,008,436 thousand and total liabilities were $3,308,060 thousand. Stockholders’ equity (deficit) was $(548,738) thousand. Cash and cash equivalents were $81,903 thousand and restricted cash was $164,219 thousand. Common shares outstanding were 6,411,532 as of November 11, 2025.
Ashford Hospitality Trust, Inc. furnished an 8-K under Regulation FD announcing it held its earnings conference call for the third quarter ended September 30, 2025.
The company attached the call transcript as Exhibit 99.1. The information provided under Item 7.01 is furnished and not deemed “filed,” and is not incorporated by reference unless expressly stated. Listed securities include common stock (AHT) and preferred series D (AHT-PD), F (AHT-PF), G (AHT-PG), H (AHT-PH), and I (AHT-PI) on the NYSE.
Ashford Hospitality Trust filed Prospectus Supplement No. 11 tied to its February 7, 2025 prospectus, covering 11,200,000 shares of Series L Redeemable Preferred Stock and 4,800,000 shares of Series M Redeemable Preferred Stock, each with a liquidation preference of $25.00 per share. This supplement also attaches and incorporates the company’s Form 8‑K and press release announcing financial results for the quarter ended September 30, 2025.
The company highlights that these preferred shares have no public trading market, may have limited liquidity, and are not rated, directing readers to risk factors in the prospectus. The supplement states that the attached information updates and should be read together with the existing prospectus.
Ashford Hospitality Trust (AHT) filed an 8-K announcing it issued a press release with financial results for the third quarter ended September 30, 2025. The press release is furnished as Exhibit 99.1, with the cover page interactive data file included as Exhibit 104.
The filing lists the company’s securities registered on the NYSE, including common stock (AHT) and preferred series D, F, G, H, and I. Detailed financial figures and commentary are contained in the attached earnings release.
Ashford Hospitality Trust completed the disposition of a hotel asset. On October 15, 2025, an indirect subsidiary sold the 150-room Residence Inn San Diego Sorrento Mesa to Lily, LP (successor by assignment from DKN Ventures, LP) for $42 million in cash, subject to customary pro-rations and adjustments.
The company furnished unaudited pro forma financial information as Exhibit 99.1 covering as of and for the six months ended June 30, 2025 and for the year ended December 31, 2024, providing period-specific context for the transaction’s historical presentation.
Ashford Hospitality Trust filed Prospectus Supplement No. 9 to its February 7, 2025 prospectus covering 11,200,000 shares of Series L Redeemable Preferred Stock and 4,800,000 shares of Series M Redeemable Preferred Stock, each with a $25.00 per share liquidation preference.
The supplement attaches a current report on Form 8-K filed October 17, 2025, which discloses that Alex Rose resigned as Executive Vice President, General Counsel & Secretary effective December 16, 2025. The company states the resignation was not due to any disagreement regarding operations, policies, or practices.
The Preferred Stock has no public trading market, features limited liquidity, and is not rated. Investors are directed to the Prospectus risk factors for additional information.
Ashford Hospitality Trust (AHT) announced that Alex Rose resigned as Executive Vice President, General Counsel & Secretary, effective December 16, 2025. The company stated the resignation was not the result of any disagreement regarding operations, policies, or practices.
The filing identifies this as a leadership transition in the legal function and does not indicate changes to strategy or operations.
Ashford Hospitality Trust (AHT) announced that its Board declared fourth quarter 2025 dividends on multiple preferred stock series. The declaration covers the 8.45% Series D Cumulative Preferred Stock, 7.375% Series F and Series G Cumulative Preferred Stock, 7.50% Series H and Series I Cumulative Preferred Stock, and the Company’s Series J, Series K, Series L, and Series M Redeemable Preferred Stock.
As of September 30, 2025, outstanding shares included 7,672,142 of Series J, 737,805 of Series K, 195,976 of Series L, and 433,601 of Series M. The Company furnished a press release as Exhibit 99.1 under Item 7.01.