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ASHFORD HOSPITALITY TRUST ANNOUNCES ADDITIONAL ASSET SALES
Prnewswire· 2024-06-03 21:15
DALLAS, June 3, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it has closed on the sale of the 90-room Courtyard located in Manchester, Connecticut for $8.0 million. The property was encumbered with a mortgage loan that had an outstanding balance of approximately $5.6 million. All remaining proceeds from the sale will be used for general corporate purposes, including the pay down of the Company's strategic financing.The Company also ...
Blackwells Campaign Successfully Forces Ashford Hospitality Trust, Inc.'s Chairman Monty J. Bennett and Director Kamal Jafarnia to Resign
Newsfilter· 2024-05-15 20:00
Remaining Directors Narrowly Elected by Pitifully Low Percentages Stockholders Deliver Clear Mandate for Change NEW 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 stock ...
ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY RESULTS OF ITS 2024 ANNUAL MEETING OF STOCKHOLDERS 'ACTIVIST' BLACKWELLS EFFORTS THWARTED
Prnewswire· 2024-05-15 00:25
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 ...
ASHFORD HOSPITALITY TRUST COMPLETES REFINANCING OF MORTGAGE LOAN FOR THE RENAISSANCE NASHVILLE
Prnewswire· 2024-05-09 22:00
DALLAS, May 9, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it has closed on the refinancing of the mortgage loan for the 673-room Renaissance Hotel in Nashville, Tennessee, which had a final maturity date in March 2026.  The new, non-recourse loan totals $267.2 million, and has a two-year initial term with three one-year extension options, subject to the satisfaction of certain conditions.  The loan is interest only and provides fo ...
Ashford Hospitality Trust(AHT) - 2024 Q1 - Quarterly Report
2024-05-09 21:25
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number: 001-31775 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 86 ...
Blackwells Releases Second Presentation to Fellow Ashford Hospitality Trust, Inc. Stockholders, Which is Available at www.montymustgo.com/letters-presentations
Newsfilter· 2024-05-08 21:03
"Meet the Shareholder Value Destroyers" Exposes Board's Governance Failings and Ensuing Value Destruction Recommends Stockholders Vote AGAINST the Election of Chairman Monty Bennett and Other Members of the Board on the GOLD Proxy Card Today Encourages Stockholders to Review Blackwells' Latest Presentation and Other Important Materials at http://www.montymustgo.com/ NEW YORK, May 08, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital LLC and Blackwells Onshore I LLC (together, "Blackwells") collectively own 1,000 ...
Ashford Hospitality Trust(AHT) - 2024 Q1 - Earnings Call Transcript
2024-05-08 18:32
Ashford Hospitality Trust, Inc. (NYSE:AHT) Q1 2024 Earnings Conference Call May 8, 2024 11:00 AM ET Company Participants Jordan Jennings - Vice President-Investor Relations Rob Hays - President and Chief Executive Officer Deric Eubanks - Chief Financial Officer Chris Nixon - Executive Vice President and Head-Asset Management Conference Call Participants Jonathan Jenkins - Oppenheimer & Company Operator Thank you for standing by. My name is Greg, and I will be your conference operator today. At this time, I ...
Ashford Hospitality Trust(AHT) - 2024 Q1 - Quarterly Results
2024-05-07 20:25
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): April 8, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or organization) (Commission File Number) (IRS employer identification number) 14185 Dallas Parkway, Suite 1200 Dallas ...
Blackwells Files Definitive Proxy Statement for Ashford Hospitality Trust, Inc.'s 2024 Annual Meeting
Newsfilter· 2024-05-02 12:39
Urges Stockholders to Send a Strong Message to Hold Ashford's Board Accountable for Persistent Value Destruction and Governance Failures Recommends Stockholders Vote AGAINST the Election of Chairman Monty Bennett and Other Members of the Board on the GOLD Proxy Card Today Encourages Stockholders to Review Blackwells' Presentation Regarding the Failures at Ashford at BlackwellsCap.com/public-markets NEW YORK, May 02, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital LLC and Blackwells Onshore I LLC (together, "Bla ...
ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY FIRST QUARTER RESULTS FOR 2024
Prnewswire· 2024-04-30 22:40
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 ...