DALLAS, Nov. 21, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") announced today the conversion of its 226-room Le Pavillon Hotel in New Orleans, Louisiana to a Tribute Portfolio property. Marriott's Tribute Portfolio is a growing global family of characterful, independent hotels drawn together by their passion for captivating design and their drive to create vibrant social scenes for guests and locals alike. The property recently completed a $19 million renovation which included extensive exterior work, upgrading the restaurant, guestrooms, guest bathrooms, corridors as well as a reimagined hotel lobby bar. The new lobby bar, Bar 1803, dra

DALLAS, Nov. 12, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") announced today that it has successfully entered into a 90-day forbearance period for its Morgan Stanley Pool loan secured by 17 hotels. The loan had a final maturity date of November 9, 2024. The Company is in active discussions with the lender regarding a multi-year extension of the loan and expects to have that finalized during the 90-day period. "We are currently in active discussions with lenders regarding extensions and refinancings on several of our loans," commented Stephen Zsigray, Ashford Trust's President and Chief Executive Officer. "We have now also reduced the ba

DALLAS, Nov. 7, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") announced today that it has successfully refinanced its mortgage loan secured by the 703-room Marriott Crystal Gateway Hotel located in Arlington, Virginia, which had a final maturity date in November 2026.  The new, non-recourse loan totals $121.5 million and has a three-year initial term with two one-year extension options, subject to the satisfaction of certain conditions. The loan is interest only and provides for a floating interest rate of SOFR + 4.86%. The refinancing resulted in approximately $31 million of excess proceeds that will be used to pay down the Company's str

DALLAS, Oct. 25, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") announced today that it completed a reverse split of the Company's common stock at a ratio of 1-for-10. After the close of business on October 25, 2024, the effective date of the reverse stock split, each share of the Company's issued and outstanding common stock and equivalents was converted into 1/10th of a share of the Company's common stock. As a result of the reverse split, the number of outstanding shares of common stock was reduced from approximately 55.2 million shares to approximately 5.5 million shares. The reverse stock split will affect all stockholders proportiona

DALLAS, Oct. 15, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") announced today that its Board of Directors unanimously approved a reverse split of the Company's common stock at a ratio of 1-for-10. As of the effective date of the reverse split, each share of the Company's issued and outstanding common stock and equivalents will be converted into 1/10th of a share of the Company's common stock. The reverse stock split will become effective as of the close of business on October 25, 2024 and the common stock is anticipated to commence trading on the New York Stock Exchange (the "NYSE") on October 28, 2024 on the split-adjusted basis. The fo

DALLAS, Oct. 7, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") reported today that the Company expects to report Occupancy of approximately 71% for the third quarter of 2024 with Average Daily Rate of approximately $187 resulting in RevPAR of approximately $132.  This Comparable RevPAR reflects an approximate decrease of 1.6% compared to the third quarter of 2023.  Additionally, for the month of July 2024, Comparable RevPAR increased approximately 0.3% versus July 2023. For the month of August 2024, Comparable RevPAR decreased approximately 2.1% versus August 2023. For the month of September 2024, Comparable RevPAR decreased approximately

DALLAS, Oct. 7, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") announced today that its Board of Directors (the "Board") declared a dividend of $0.5281 per diluted share for the Company's 8.45% Series D Cumulative Preferred Stock for the fourth quarter ending December 31, 2024. The dividend is payable on January 15, 2025, to stockholders of record as of December 31, 2024. The Board declared a dividend of $0.4609 per diluted share for the Company's 7.375% Series F Cumulative Preferred Stock for the fourth quarter ending December 31, 2024.  The dividend is payable on January 15, 2025, to stockholders of record as of December 31, 2024. The Bo

DALLAS, Sept. 26, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") today announced that it was notified by the New York Stock Exchange (the "NYSE") on September 23, 2024, that it is not in compliance with Section 802.01C of the NYSE's Listed Company Manual, which requires listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30 trading day period. The Company plans to notify the NYSE within 10 business days of receipt of the notice that it intends to execute a 1-for-10 reverse stock split in order to regain compliance. The Company can regain compliance at any time within a six-month cure period foll

DALLAS, Aug. 29, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") today announced details for the release of its results for the third quarter ended September 30, 2024. Ashford Trust plans to issue its earnings release for the third quarter after the market closes on Tuesday, November 5, 2024 and will host a conference call on Wednesday, November 6, 2024, at 11:00 a.m. ET.  The number to call for this interactive teleconference is (646) 307-1963. A replay of the conference call will be available through Wednesday, November 13, 2024, by dialing (609) 800-9909 and entering the confirmation number, 4669395. The live broadcast of Ashford Trust's

DALLAS, July 25, 2024 /PRNewswire/ -- Ashford Inc. announced today that Mr. W. Michael Murphy, a member of its Board of Directors, passed away on July 24, 2024.  Mr. Murphy had a distinguished career in the hotel industry and has been a key member of the Company's Board of Directors, serving since August 2018.  Prior to serving on the board of Ashford Inc., Michael served on the board of Braemar Hotels & Resorts (NYSE:BHR) from 2013 to 2015 and he served on the board of Ashford Hospitality Trust (NYSE:AHT) from 2003 to 2013.     "We are very saddened to announce Michael's passing," commented Monty J. Bennett, Ashford Inc.'s Chairman and Chief Executive Officer.  "We will miss him, both as a

Oppenheimer initiated coverage of Ashford Hospitality Trust with a rating of Perform and set a new price target of $10.00

B. Riley Securities reiterated coverage of Ashford Hospitality Trust with a rating of Neutral and set a new price target of $11.00 from $17.00 previously

Robert W. Baird resumed coverage of Ashford Hospitality Trust with a rating of Neutral

B. Riley reiterated coverage of Ashford Hospitality Trust with a rating of Neutral and set a new price target of $3.00 from $2.50 previously

DALLAS, Oct. 7, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") announced today that its Board of Directors (the "Board") declared a dividend of $0.5281 per diluted share for the Company's 8.45% Series D Cumulative Preferred Stock for the fourth quarter ending December 31, 2024. The dividend is payable on January 15, 2025, to stockholders of record as of December 31, 2024. The Board declared a dividend of $0.4609 per diluted share for the Company's 7.375% Series F Cumulative Preferred Stock for the fourth quarter ending December 31, 2024.  The dividend is payable on January 15, 2025, to stockholders of record as of December 31, 2024. The Bo

DALLAS, Aug. 29, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") today announced details for the release of its results for the third quarter ended September 30, 2024. Ashford Trust plans to issue its earnings release for the third quarter after the market closes on Tuesday, November 5, 2024 and will host a conference call on Wednesday, November 6, 2024, at 11:00 a.m. ET.  The number to call for this interactive teleconference is (646) 307-1963. A replay of the conference call will be available through Wednesday, November 13, 2024, by dialing (609) 800-9909 and entering the confirmation number, 4669395. The live broadcast of Ashford Trust's

DALLAS, July 11, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") announced today that its Board of Directors (the "Board") declared a dividend of $0.5281 per diluted share for the Company's 8.45% Series D Cumulative Preferred Stock for the third quarter ending September 30, 2024. The dividend is payable on October 15, 2024, to stockholders of record as of September 30, 2024. The Board declared a dividend of $0.4609 per diluted share for the Company's 7.375% Series F Cumulative Preferred Stock for the third quarter ending September 30, 2024.  The dividend is payable on October 15, 2024, to stockholders of record as of September 30, 2024. The

DALLAS, June 17, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") today announced details for the release of its results for the second quarter ended June 30, 2024. Ashford Trust plans to issue its earnings release for the second quarter after the market closes on Tuesday, July 30, 2024, and will host a conference call on Wednesday, July 31, 2024, at 11:00 a.m. ET. The number to call for this interactive teleconference is (646) 968-2525. A replay of the conference call will be available through Wednesday, August 7, 2024, by dialing (609) 800-9909 and entering the confirmation number, 9895209. The live broadcast of Ashford Trust's quarterly c

DALLAS, April 30, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") today announced its preliminary expectations for net income attributable to common stockholders, Adjusted EBITDAre, and Adjusted FFO for the first quarter ended March 31, 2024. The Company reported today a preliminary estimated range of net income attributable to common stockholders of approximately $66.4 million to $68.4 million or $0.59 to $0.61 per share, a preliminary estimated range of Adjusted EBITDAre of $58.5 million to $60.5 million, and a preliminary estimated range of Adjusted FFO available to common stockholders and OP unitholders of $(14.7) million to $(12.7) mil

DALLAS, April 10, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") announced today that its Board of Directors (the "Board") declared a dividend of $0.5281 per diluted share for the Company's 8.45% Series D Cumulative Preferred Stock for the second quarter ending June 30, 2024. The dividend is payable on July 15, 2024, to stockholders of record as of June 28, 2024. The Board declared a dividend of $0.4609 per diluted share for the Company's 7.375% Series F Cumulative Preferred Stock for the second quarter ending June 30, 2024.  The dividend is payable on July 15, 2024, to stockholders of record as of June 28, 2024. The Board declared a divid

DALLAS, March 26, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") today announced details for the release of its results for the first quarter ended March 31, 2024. Ashford Trust plans to issue its earnings release for the first quarter after the market closes on Tuesday, May 7, 2024, and will host a conference call on Wednesday, May 8, 2024, at 11:00 a.m. ET.  The number to call for this interactive teleconference is (646) 307-1963. A replay of the conference call will be available through Wednesday, May 15, 2024, by dialing (609) 800-9909 and entering the confirmation number, 6109805. The live broadcast of Ashford Trust's quarterly confer

January Comparable RevPAR Increased 1.5% Over the Prior Year  DALLAS, Feb. 15, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced its preliminary expectations for net loss attributable to common stockholders, Adjusted EBITDAre, and Adjusted FFO for the fourth quarter and full year ended December 31, 2023.  The Company reported today a preliminary estimated range of net loss attributable to common stockholders of approximately $(32.3) million to $(30.3) million or $(0.93) to $(0.87) per share, a preliminary estimated range of Adjusted EBITDAre of $61.6 million to $63.6 million, and a preliminary estimated range of Adjusted FFO

DALLAS, Jan. 25, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") today announced the tax reporting (Federal Form 1099-DIV) information for the 2023 distributions on its Series D, F, G, H, I, J and K preferred shares.  The amounts below represent the income tax treatment applicable to each distribution that is reportable in 2023. The preferred distributions that the Company paid on January 17, 2023 to stockholders of record as of December 30, 2022 are reportable in 2023. The preferred distributions that the Company paid on January 16, 2024 to stockholders of record as of December 29, 2023 will be reportable in 2024. The income tax treatment

DALLAS, Jan. 8, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") announced today that its Board of Directors (the "Board") declared a dividend of $0.5281 per diluted share for the Company's 8.45% Series D Cumulative Preferred Stock for the first quarter ending March 31, 2024. The dividend, which equates to an annual rate of $2.1125 per share, is payable on April 15, 2024, to stockholders of record as of March 28, 2024. The Board declared a dividend of $0.4609 per diluted share for the Company's 7.375% Series F Cumulative Preferred Stock for the first quarter ending March 31, 2024.  The dividend, which equates to an annual rate of $1.8438 per

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DALLAS, May 14, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") is pleased to report estimated preliminary results of its 2024 Annual Meeting of Stockholders and noted that Blackwells Capital LLC's ("Blackwells") attempted withhold proxy campaign had no meaningful impact on its outcome. Based on estimated preliminary results, only 7% of outstanding shares voted on the Blackwells proxy card. At today's Annual Meeting of Stockholders, based on the estimated preliminary results, Ashford Trust's stockholders elected seven nominees to the Board of Directors for one-year terms including Amish Gupta, J. Robison Hays, III, David W. Johnson, Frederi

DALLAS, Dec. 4, 2023 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") today announced that it has completed the transfer of ownership of the KEYS F loan pool to the mortgage lender. The hotels in the KEYS F loan pool that were transferred to the mortgage lender include: Embassy Suites Flagstaff – Flagstaff, AZEmbassy Suites Walnut Creek – Walnut Creek, CAMarriott Bridgewater – Bridgewater, NJMarriott Research Triangle Park – Durham, NCW Atlanta Downtown – Atlanta, GA The Company continues to work with the lender for the KEYS A and KEYS B loan pools on a consensual transfer of ownership of those hotels to the lender, and the Company anticipates th

DALLAS, June 30, 2021 /PRNewswire/ -- Ashford Inc. (NYSE:AINC) ("Ashford" or the "Company") today announced that Robert Haiman, Executive Vice President, General Counsel and Secretary, will retire on June 30 after a career spanning nearly 17 years at Ashford and Remington.  The Company has appointed Mr. Alex Rose as Executive Vice President, General Counsel and Secretary as his successor effective July 1, 2021.  To ensure a seamless transition, Mr. Haiman will provide support to the Company on a consulting basis for 3 years.  Mr. Rose will also serve as General Counsel for Ashford Hospitality Trust (NYSE:AHT) and Braemar Hotels & Resorts (NYSE:BHR). Jeremy Welter, Ashford's President and Chi

Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") today announced that it has closed on the sale of the 90-room SpringHill Suites and the 86-room Fairfield Inn located in Kennesaw, Georgia for $17.5 million.  The sale price represented a 4.8% capitalization rate on trailing 12-month net operating income through April 2024.  The hotels were encumbered with a mortgage loan that had an outstanding balance of approximately $10.8 million.  All remaining proceeds from the sale will be used for general corporate purposes, including the pay down of the Company's strategic financing.Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing pre

The company also closed on the sale of the 90-room Courtyard located in Manchester, Connecticut for $8.0 million. 

Remaining Directors Narrowly Elected by Pitifully Low Percentages Stockholders Deliver Clear Mandate for ChangeNEW YORK, May 15, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital, an owner of 1,000 shares of Ashford Hospitality Trust, Inc. ("Ashford" or the "Company") (NYSE:AHT), announced today that directors Monty J. Bennett and Kamal Jafarnia failed to receive the requisite number of votes required for re-election to the Company's Board of Directors (the "Board") at the Company's 2024 annual meeting of stockholders (the "2024 Annual Meeting") and were forced to tender their resignations. The Company's remaining nominees were narrowly re-elected by disturbingly low numbers.Blackwells achieved th

Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced that, based on estimated preliminary results, Blackwells Capital LLC's ("Blackwells") withhold proxy campaign at Ashford Hospitality Trust, Inc. ("Ashford Trust") proved to be a failure, as only 7% of Ashford Trust's outstanding shares voted on the Blackwells proxy card.  Ashford Trust announced earlier today that seven of its nine nominees received a majority of the votes cast and the remaining two nominees were re-appointed by the Board after the meeting in accordance with Ashford Trust's corporate governance guidelines.

Ashford Hospitality Trust (NYSE:AHT) reported quarterly losses of $(0.35) per share which missed the analyst consensus estimate of $(0.21) by 66.67 percent. The company reported quarterly sales of $303.896 million which missed the analyst consensus estimate of $312.933 million by 2.89 percent. This is a 7.60 percent decrease over sales of $328.886 million the same period last year.

Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") today announced its preliminary expectations for net income attributable to common stockholders, Adjusted EBITDAre, and Adjusted FFO for the first quarter ended March 31, 2024.The Company reported today a preliminary estimated range of net income attributable to common stockholders of approximately $66.4 million to $68.4 million or $0.59 to $0.61 per share, a preliminary estimated range of Adjusted EBITDAre of $58.5 million to $60.5 million, and a preliminary estimated range of Adjusted FFO available to common stockholders and OP unitholders of $(14.7) million to $(12.7) million for the first quarter ended March 31

The Company's current Senior Vice President of Corporate Finance & Strategy, Stephen Zsigray, will succeed him at that time to become Ashford Trust's President and Chief Executive Officer. 

Ashford Hospitality Trust has closed on the sale of the 390-room Hilton Boston Back Bay in Boston, Massachusetts for $171 million ($438,000 per key).  All of the proceeds from the sale were used for debt reduction including approximately $68 million to pay down the Company's strategic financing.