ASHFORD HOSPITALITY TRUST ANNOUNCES REVIEW OF STRATEGIC ALTERNATIVES

Core Viewpoint - Ashford Hospitality Trust, Inc. has formed a Special Committee to explore strategic alternatives aimed at maximizing shareholder value, including potential transactions [1][2]. Company Overview - Ashford Hospitality Trust is a real estate investment trust (REIT) that primarily invests in upper upscale, full-service hotels [3]. Strategic Actions - The company has successfully executed a plan to drive significant EBITDA growth, strategically sell assets, and strengthen its balance sheet [2]. - The Board of Directors has expressed frustration over the disparity between the value of the underlying portfolio and the market value of its common stock, prompting the formation of the Special Committee to address this issue [2]. Financial Decisions - In conjunction with the formation of the Special Committee, the company has terminated the current offering of its Series L and M Non-Traded Preferred Stock and suspended redemptions for all outstanding non-traded preferred stock [2].