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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 ...
ASHFORD HOSPITALITY TRUST PROVIDES UPDATE ON ASSET SALES AND DELEVERAGING PLAN
Prnewswire· 2024-04-29 12:00
DALLAS, April 29, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it has closed on the sale of the 85-room Hampton Inn in Lawrenceville, Georgia for $8.1 million ($95,300 per key).  The sale price represented a 6.0% capitalization rate on trailing 12-month net operating income through March 2024.  All of the net proceeds from the sale will be used for general corporate purposes including paying down the Company's strategic financing. T ...
ASHFORD HOSPITALITY TRUST ANNOUNCES CEO SUCCESSION PLAN
Prnewswire· 2024-04-18 21:25
DALLAS, April 18, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that Rob Hays, the current President and Chief Executive Officer of Ashford Trust, will be stepping down effective June 30, 2024 after nearly 20 years of dedicated service to the Company. 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. M ...
ASHFORD HOSPITALITY TRUST ANNOUNCES PROGRESS IN PLAN TO PAY OFF STRATEGIC FINANCING WITH CLOSING OF SALE OF THE HILTON BOSTON BACK BAY
Prnewswire· 2024-04-10 22:05
DALLAS, April 10, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it 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. "We are pleased to announce the closing of the sale of the Hilton Boston Back Bay for a very attrac ...
ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY FIRST QUARTER 2024 RESULTS
Prnewswire· 2024-04-08 20:20
DALLAS, April 8, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") reported today that the Company expects to report Occupancy of approximately 67% for the first quarter of 2024 with Average Daily Rate of approximately $191 resulting in RevPAR of approximately $128. This Comparable RevPAR reflects an approximate decrease of 1% compared to the first quarter of 2023.  Additionally, for the month of January 2024, Comparable RevPAR increased approximately 2.1% v ...
Ashford Hospitality Trust(AHT) - 2023 Q4 - Annual Report
2024-03-13 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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) 86-1062192 (IRS employer id ...
ASHFORD HOSPITALITY TRUST ANNOUNCES PROGRESS IN DELEVERAGING PLAN WITH SALE OF THE RESIDENCE INN SALT LAKE CITY
Prnewswire· 2024-03-11 21:00
DALLAS, March 11, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it has closed on the sale of the 144-room Residence Inn located in Salt Lake City, Utah (the "Hotel") for $19.2 million.  When adjusted for the Company's anticipated capital expenditures, the sale price represented a 4.6% capitalization rate on 2023 net operating income, or 18.2x 2023 Hotel EBITDA.  Excluding the anticipated capital spend, the sale price represented a 6. ...