DALLAS, Feb. 16, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it has signed a definitive agreement to sell the 144-room Residence Inn located in Salt Lake City, Utah (the "Hotel") for $19.2 million. The sale is expected to be completed in early March and is subject to normal closing conditions. The Company provides no assurances that the sale will be completed on these terms or at all. When adjusted for the Company's anticipated cap ...

Core Insights - Ashford Hospitality Trust, Inc. reported a preliminary estimated net loss attributable to common stockholders for Q4 2023 ranging from $(32.3) million to $(30.3) million, equating to $(0.93) to $(0.87) per share [1][2] - For the full year 2023, the preliminary estimated net loss attributable to common stockholders is between $(194.7) million and $(192.7) million, or $(5.64) to $(5.58) per share [2] - The company anticipates an Adjusted EBITDAre for Q4 2023 between $61.6 million and $63.6 million, and for the full year 2023, it is estimated to be between $323.5 million and $325.5 million [1][2] Financial Performance - The preliminary estimated range for Adjusted FFO available to common stockholders and OP unitholders for Q4 2023 is between $(14.2) million and $(12.2) million, while for the full year, it is estimated to be between $25.4 million and $27.4 million [2][8] - The company reported a Comparable RevPAR increase of 1.5% year-over-year for January [1] Non-GAAP Measures - The company utilizes non-GAAP measures such as FFO, AFFO, EBITDA, EBITDAre, and Adjusted EBITDAre to provide a clearer understanding of operational results and facilitate comparisons with peer real estate investment trusts [3][8] - Reconciliations of GAAP net income (loss) to non-GAAP measures are provided to enhance clarity on financial performance [3][4]

DALLAS, Jan. 9, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") reported today that the Company expects to report Occupancy of approximately 66% for the fourth quarter of 2023 with Average Daily Rate of approximately $182 resulting in RevPAR of approximately $120.  This Comparable RevPAR reflects an approximate increase of 1% compared to the fourth quarter of 2022.  Additionally, for the month of October 2023, Comparable RevPAR increased approximately 4% v ...

Ashford Hospitality Trust, Inc. (NYSE:AHT) Q3 2023 Results Conference Call November 8, 2023 11:00 AM ET Company Participants Jordan Jennings - Director of Investor Relations Robison Hays - President and Chief Executive Officer Deric Eubanks - Chief Financial Officer Christopher Nixon - Executive Vice President and Head of Asset Management Conference Call Participants Bryan Maher - B. Riley Securities Jonathan Jenkins - Oppenheimer Michael Bellisario - Robert W. Baird Operator Hello, and welcome to the Ashfo ...

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 September 30, 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) Marylan ...

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 June 30, 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) | Large acce ...

Financial Data and Key Metrics Changes - The company reported a net loss attributable to common stockholders of $30.3 million or $0.88 per diluted share for Q2 2023 [13] - Adjusted EBITDAre for the quarter was $104 million, reflecting an 8% growth rate over the prior year quarter [13] - RevPAR for all hotels in the portfolio increased by 6.7% compared to the prior year quarter, driven by a 2.8% increase in occupancy and a 3.8% increase in average rates [7][20] Business Line Data and Key Metrics Changes - Comparable RevPAR for the portfolio increased approximately 7% over the prior year quarter, outperforming national averages for upscale and upper upscale chain scales [20] - Group room revenue increased by 14% year-over-year, marking the 9th consecutive quarter of positive growth [24] - Catering revenues increased by 19% over the prior year quarter, indicating strong performance in food and beverage [25] Market Data and Key Metrics Changes - The company noted significant performance improvements in urban markets, with a 12% increase in comparable hotel EBITDA driven by key markets like Washington, D.C., New York, New Jersey, and Atlanta [21] - Airport hotels achieved a 15% growth in comparable hotel EBITDA over the prior year quarter, capitalizing on increased airlift and demand trends [22] Company Strategy and Development Direction - The company is focused on capital recycling and has sold a small asset in Orlando for nearly $15 million, with four other assets currently being marketed for sale [10] - The management emphasized the importance of raising capital through non-traded preferred stock and potential asset sales to improve the capital structure [19] - The company plans to spend between $110 million and $130 million in capital expenditures for 2023, with a strategic approach to renovations and repositioning of hotels [26] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the portfolio's future, highlighting strong RevPAR growth and a solid liquidity position with approximately $442 million of net working capital [6][19] - The company is committed to deleveraging and improving its balance sheet, with plans to lower debt by approximately $700 million or more than 18% [9] - Management acknowledged challenges in the hotel debt financing market but remains confident in the portfolio's performance and recovery trajectory [19] Other Important Information - The company ended the quarter with cash and cash equivalents of $252 million and restricted cash of $150 million [17] - The consolidated portfolio consisted of 100 hotels with 22,316 rooms as of June 30, 2023 [18] Q&A Session Summary Question: Can you provide details on the KEYS loans pool that you extended? - Management conducted a rigorous evaluation of loan pools and felt confident about the value and refinancing potential of the extended pools, with no foreseeable issues for future extensions [30] Question: What is the current status of labor availability and staffing? - The company reported flat labor counts year-over-year despite increased occupancy, with a 14% decrease in contract labor utilization [34] Question: How is the company addressing asset sales and market conditions? - Management indicated that four assets are currently in the market, with plans to be more aggressive in asset sales to improve the capital structure [43] Question: What is the strategy for paying off Oaktree debt? - The company is focused on generating proceeds from asset sales and non-traded preferred stock to pay off strategic financing, with a conservative approach to planning [46] Question: When should the 19 hotels be removed from the model? - Management recommended removing the hotels from the portfolio model now, as the process of handing them back could happen imminently [63]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 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 86-1062192 (State or other jurisdiction of incorporation or organization) (IRS employer identification number) 14185 Dallas Parkway Suite 1200 Dallas Texas 75254 (Address of principal executive of ices) (Zip code) FORM 10-Q ☑ QUARTERLY REPORT ...

Ashford Hospitality Trust, Inc. (NYSE:AHT) Q1 2023 Earnings Conference Call May 2, 2023 11:00 AM ET Company Participants Jordan Jennings - Director, Investor Relations Rob Hays - President & Chief Executive Officer Deric Eubanks - Chief Financial Officer Chris Nixon - Executive Vice President & Head of Asset Management Conference Call Participants Michael Bellisario - Robert W. Baird Chris Woronka - Deutsche Bank Bryan Maher - B. Riley Operator Greetings and welcome to Ashford Hospitality Trust First Quart ...

Balance Sheet & Liquidity - Ashford Hospitality Trust (AHT) has taken numerous steps to improve its balance sheet and liquidity profile[13] - AHT has achieved substantive corporate deleveraging since mid-2020[17] - As of December 31, 2022, AHT's net working capital was approximately $519.053 million, resulting in a net working capital per share of $14.35, compared to a stock price of $4.47[19] - Decisive actions have resulted in approximately $990 million of deleveraging since Q2 2020[37] - AHT has a well-laddered debt maturity schedule, with $98 million due in 2023, $492 million in 2024, $2.582 billion in 2025, $618 million in 2026 and $35 million in 2027[20] Portfolio & Recovery - The company's portfolio is positioned to capitalize on the lodging recovery, which is expected over the next 4+ years[38] - Industry RevPAR and ADR exceeded 2019 levels in 2022[41] - AHT RevPAR as a percentage of 2019 has rebounded strongly from the depths of the crisis[46] - The portfolio is geographically diverse and focused on upper upscale assets[53] - 71% of Hotel EBITDA is exposed to Top-25 Markets[58] - Comparable YTD Hotel EBITDA as of December 31, 2022 is $349.199 million, excluding assets disposed of or acquired in 2022 and WorldQuest[52]