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ASHFORD HOSPITALITY TRUST ANNOUNCES COMPLETION OF FOUR PROJECTS RELATED TO "GRO AHT" INITIATIVE
Prnewswire· 2025-02-03 13:00
Core Insights - Ashford Hospitality Trust has implemented several revenue-focused initiatives as part of the "GRO AHT" plan, aiming for $50 million in EBITDA growth and enhanced shareholder value [1][3] - The initiatives are projected to generate over $3 million in incremental hotel EBITDA annually, with additional initiatives in progress [2][3] Revenue Initiatives - Comprehensive Menu Engineering Analysis to optimize food and beverage offerings for increased profitability and guest satisfaction [6] - Modifications to parking agreements to streamline operations and enhance revenue [6] - Refreshing gift shop and corner store selections to better align with guest preferences and improve profitability [6] - Implementation of historic preservation fees to capture additional revenue opportunities in applicable markets [6] Financial Performance - In December, RevPAR increased by over 4% year-over-year, while total revenue growth was nearly double, highlighting the effectiveness of the ancillary revenue initiatives [3]
ASHFORD HOSPITALITY TRUST ANNOUNCES TAX REPORTING INFORMATION FOR 2024 PREFERRED SHARE DISTRIBUTIONS
Prnewswire· 2025-01-27 21:20
Core Viewpoint - Ashford Hospitality Trust, Inc. has announced the tax reporting information for its 2024 distributions on various series of preferred shares, detailing the income tax treatment applicable to each distribution [1][2]. Distribution Details - The preferred distributions paid on January 16, 2024, to stockholders of record as of December 29, 2023, are reportable in 2024, while those paid on January 15, 2025, to stockholders of record as of December 31, 2024, will be reportable in 2025 [2]. Series D Preferred Stock - Total Cash Per Share: $2.1124 - Ordinary Taxable Dividend: $0.0000 - Capital Gain Distribution: $0.9383 (44.42%) - Return of Capital: $1.1741 (55.58%) [3] Series F Preferred Stock - Total Cash Per Share: $1.8436 - Ordinary Taxable Dividend: $0.0000 - Capital Gain Distribution: $0.8189 (44.42%) - Return of Capital: $1.0247 (55.58%) [4] Series G Preferred Stock - Total Cash Per Share: $1.8436 - Ordinary Taxable Dividend: $0.0000 - Capital Gain Distribution: $0.8189 (44.42%) - Return of Capital: $1.0247 (55.58%) [5] Series H Preferred Stock - Total Cash Per Share: $1.8750 - Ordinary Taxable Dividend: $0.0000 - Capital Gain Distribution: $0.8329 (44.42%) - Return of Capital: $1.0421 (55.58%) [6] Series I Preferred Stock - Total Cash Per Share: $1.8750 - Ordinary Taxable Dividend: $0.0000 - Capital Gain Distribution: $0.8329 (44.42%) - Return of Capital: $1.0421 (55.58%) [7] Series J Preferred Stock - Total Cash Per Share: $2.0000 - Ordinary Taxable Dividend: $0.0000 - Capital Gain Distribution: $0.8884 (44.42%) - Return of Capital: $1.1116 (55.58%) [8] Series K Preferred Stock - Total Cash Per Share: $2.0792 - Ordinary Taxable Dividend: $0.0000 - Capital Gain Distribution: $0.9236 (44.42%) - Return of Capital: $1.1556 (55.58%) [9] Company Overview - Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels [16].
ASHFORD HOSPITALITY TRUST ANNOUNCES SALE OF THE COURTYARD BOSTON DOWNTOWN
Prnewswire· 2025-01-14 13:00
Core Viewpoint - Ashford Hospitality Trust has successfully sold the 315-room Courtyard Boston Downtown for $123.0 million, which is approximately $390,500 per key, indicating a strategic move to enhance financial stability and reduce debt [1][2]. Company Summary - The sale of the Courtyard Boston Downtown will help deleverage the company's BAML Highland Pool loan and lead to significant capital expenditure savings in the future [2]. - The company is experiencing improved sentiment in transaction and financing markets, which is reflected in strong revenue growth achieved in December [2]. - Ashford Hospitality Trust operates as a real estate investment trust (REIT) primarily focused on upper upscale, full-service hotels [2].
ASHFORD TRUST DECLARES PREFERRED DIVIDENDS FOR THE FIRST QUARTER OF 2025
Prnewswire· 2025-01-13 21:30
Core Points - Ashford Hospitality Trust, Inc. declared multiple dividends for its preferred stocks for the first quarter ending March 31, 2025 [1][2][3][4][5][6][7] - The dividends are payable on April 15, 2025, to stockholders of record as of March 31, 2025 [1][2][3][4][5][6][7] - The company focuses on investing predominantly in upper upscale, full-service hotels [8] Dividend Details - Series D Cumulative Preferred Stock: $0.5281 per diluted share [1] - Series F Cumulative Preferred Stock: $0.4609 per diluted share [2] - Series G Cumulative Preferred Stock: $0.4609 per diluted share [2] - Series H Cumulative Preferred Stock: $0.46875 per diluted share [3] - Series I Cumulative Preferred Stock: $0.46875 per diluted share [3] - Series J Redeemable Preferred Stock: $0.16667 per share monthly [4] - Series K Redeemable Preferred Stock: $0.17500 per share monthly for specific CUSIPs [5] - Series K Redeemable Preferred Stock: $0.17292 per share monthly for other CUSIPs [6] - Series K Redeemable Preferred Stock: $0.17083 per share monthly for remaining CUSIPs [7] Share Information - As of December 31, 2024, there were 6,799,638 shares of Series J Redeemable Preferred Stock and 601,175 shares of Series K Redeemable Preferred Stock issued and outstanding [8]
ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY FOURTH QUARTER 2024 RESULTS
Prnewswire· 2025-01-13 13:00
Core Insights - Ashford Hospitality Trust expects an occupancy rate of approximately 66% for Q4 2024, with an Average Daily Rate (ADR) of about $190, leading to a Revenue Per Available Room (RevPAR) of approximately $126, reflecting a 3.0% increase compared to Q4 2023 [1] - The company reported a 4.4% increase in total hotel revenue for Q4 2024 and a 6.9% increase in December 2024 [3] Revenue Performance - For October 2024, Comparable RevPAR increased by approximately 4.5% compared to October 2023 [2] - For November 2024, Comparable RevPAR saw a modest increase of approximately 0.4% versus November 2023 [2] - December 2024 recorded a Comparable RevPAR increase of approximately 3.8% compared to December 2023 [2] Strategic Initiatives - The company is focusing on growing ancillary revenue streams through the GRO AHT initiative, which is already yielding impressive results [3] - The company plans to close its offering of Series J and Series K non-traded preferred stock on March 31, 2025, having raised approximately $185 million since the launch in 2022 [3]
ASHFORD TRUST SETS FOURTH QUARTER EARNINGS RELEASE AND CONFERENCE CALL DATES
Prnewswire· 2025-01-07 16:00
Core Viewpoint - Ashford Hospitality Trust, Inc. is set to release its fourth quarter results for the period ending December 31, 2024, on February 25, 2025, after market close [1][2]. Group 1: Earnings Release Details - The earnings release will be issued after market close on February 25, 2025 [2]. - A conference call to discuss the results will take place on February 26, 2025, at 11:00 a.m. ET [2]. - The conference call can be accessed by calling (646) 307-1963, with a replay available until March 5, 2025, at (609) 800-9909 using confirmation number 9481675 [2]. Group 2: Online Availability - The live broadcast of the quarterly conference call will be available on the company's website starting at 11:00 a.m. ET on February 26, 2025 [3]. - An online replay of the conference call will be accessible shortly after the call and will remain available for approximately one year [3]. Group 3: Company Profile - Ashford Hospitality Trust is a real estate investment trust (REIT) primarily focused on investing in upper upscale, full-service hotels [3].
New Strong Buy Stocks for January 6th
ZACKS· 2025-01-06 10:25
Group 1 - Alaska Air Group, Inc. (ALK) has seen a 19% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Ashford Hospitality Trust, Inc. (AHT) has experienced an 86.5% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - NRx Pharmaceuticals, Inc. (NRXP) has reported a 46.2% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Pro-Dex, Inc. (PDEX) has seen a 40.9% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - eGain Corporation (EGAN) has experienced a 77.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3]
Best Value Stocks to Buy for January 6th
ZACKS· 2025-01-06 09:01
Here are three stocks with buy rank and strong value characteristics for investors to consider today, January 6:Ashford Hospitality Trust, Inc. (AHT) : This real estate investment trust carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 70.4% over the last 60 days.Ashford Hospitality Trust has a price-to-earnings ratio (P/E) of 0.87 compared with 13.40 for the industry. The company possesses a Value Scoreof A.Puma Biotechnology, Inc. (PBYI) : Thi ...
Powell Plays Grinch
Seeking Alpha· 2024-12-22 14:00
Analyst’s Disclosure: I/we have a beneficial long position in the shares of RIET, HOMZ, IRET, ALL HOLDINGS IN THE IREIT+HOYA PORTFOLIOS either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Hoya Capital Research & Index Innovations (“Hoya Capital”) is an affiliate of Hoya Capi ...
ASHFORD HOSPITALITY TRUST ANNOUNCES EXTENSION OF MORTGAGE LOAN SECURED BY THE LE PAVILLON HOTEL
Prnewswire· 2024-12-19 13:00
DALLAS, Dec. 19, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") announced today that it has successfully extended its mortgage loan secured by the 226-room Le Pavillon Hotel located in New Orleans, Louisiana. The loan had an initial maturity date in December of 2024 and has two additional one-year extension options, subject to the satisfaction of certain conditions, with a final maturity date in December 2027. The loan has been extended with no paydown an ...