ASHFORD HOSPITALITY TRUST ANNOUNCES MODIFICATION FOR MORTGAGE LOAN

Company Overview - Ashford Hospitality Trust, Inc. has entered into a 90-day forbearance period for its Morgan Stanley Pool loan secured by 17 hotels, which had a final maturity date of November 9, 2024 [1] - The company is in discussions with the lender for a multi-year extension of the loan, expected to be finalized during the forbearance period [1] Financial Position - The balance of the company's strategic financing has been reduced to approximately $48.6 million, triggering an exit fee reduction [2] - The company is actively working on extensions and refinancings for several of its loans to maximize asset value for shareholders [2] Market Environment - The company acknowledges the challenging environment it operates in but is focused on achieving favorable outcomes with its financing efforts [2]