US Market News
2月前
ASHFORD HOSPITALITY TRUST CONTINUES STRATEGIC PORTFOLIO OPTIMIZATION THROUGH SALE OF SIX HOTELSApril 9, 2026 4:30 PM
PR Newswire (US)
DALLAS, April 9, 2026 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) (the "Company") today announced that it has successfully closed on the sale of four hotels and has entered into definitive agreements to sell an additional two hotels. These six transactions are part of the Company's ongoing strategy to optimize its portfolio through strategic asset sales. The majority of proceeds will be used to pay down mortgage debt, and together, these sales are expected to result in more than $60 million in future capital expenditure savings."We continue to aggressively refine our hotel portfolio through strategic divestitures," said Stephen Zsigray, President and Chief Executive Officer. "We remain focused on maximizing shareholder value, and these sales accomplish all three of our strategic objectives: improved cash flow after debt service, significantly reduced future capital expenditure obligations, and lower portfolio leverage."Closed TransactionsThe Company has successfully closed on the previously announced sales of Hilton St. Petersburg Bayfront and La Posada de Santa Fe, as well as Hilton Alexandria Old Town and Embassy Suites by Hilton Palm Beach Gardens PGA Boulevard. These transactions generated $252.5 million in gross proceeds, or $280,000 per key.When adjusted for the Company's anticipated capital expenditures of $57.6 million, the sale price represents a 6.0% capitalization rate on net operating income or a multiple of 14.5 times Hotel EBITDA for the twelve months ended December 31, 2025. Excluding the anticipated capital spend, the combined sale price represents a 7.4% capitalization rate on net operating income or a multiple of 11.8 times Hotel EBITDA for the twelve months ended December 31, 2025.Pending Transactions The Company has entered into definitive agreements to sell the 168-room Lakeway Resort & Spa for $37.8 million or $225,000 per key, and the 150-room Embassy Suites by Hilton Dallas Near the Galleria for $17.0 million or $113,000 per key.These sales are expected to be completed by May 2026 and are subject to normal closing conditions. The Company provides no assurances that these sales will be completed on these terms or at all.When adjusted for the Company's anticipated combined capital expenditures of $2.5 million, the sale price represents a 4.8% capitalization rate on net operating income or a multiple of 16.2 times Hotel EBITDA for the twelve months ended December 31, 2025. Excluding the anticipated capital spend, the combined sale price represents a 5.0% capitalization rate on net operating income or a multiple of 15.5 times Hotel EBITDA for the twelve months ended December 31, 2025.Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.Forward-Looking StatementsCertain statements and assumptions in this press release contain or are based upon "forward-looking" information and are being made pursuant to the safe harbor provisions of the federal securities regulations. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "may," "will," "should," "potential," "intend," "expect," "anticipate," "estimate," "approximately," "believe," "could," "project," "predict," or other similar words or expressions. Additionally, statements regarding the following subjects are forward-looking by their nature: our business and investment strategy; anticipated or expected purchases, sales or dispositions of assets; our projected operating results; completion of any pending transactions; our ability to restructure existing property-level indebtedness; our ability to secure additional financing to enable us to operate our business; our understanding of our competition; projected capital expenditures; and the impact of technology on our operations and business. Such forward-looking statements are based on our beliefs, assumptions, and expectations of our future performance taking into account all information currently known to us. These beliefs, assumptions, and expectations can change as a result of many potential events or factors, not all of which are known to us. If a change occurs, our business, financial condition, liquidity, results of operations, plans, and other objectives may vary materially from those expressed in our forward-looking statements. You should carefully consider this risk when you make an investment decision concerning our securities. These and other risk factors are more fully discussed in the Company's filings with the SEC.The forward-looking statements included in this press release are only made as of the date of this press release. Investors should not place undue reliance on these forward-looking statements. We will not publicly update or revise any forward-looking statements, whether as a result of new information, future events or circumstances, changes in expectations or otherwise except to the extent required by law.
View original content:https://www.prnewswire.com/news-releases/ashford-hospitality-trust-continues-strategic-portfolio-optimization-through-sale-of-six-hotels-302738728.htmlSOURCE Ashford Hospitality Trust, Inc.
Original: ASHFORD HOSPITALITY TRUST CONTINUES STRATEGIC PORTFOLIO OPTIMIZATION THROUGH SALE OF SIX HOTELS
US Market News
3月前
ASHFORD ANNOUNCES PLANNED RETIREMENT OF CHIEF FINANCIAL OFFICER DERIC EUBANKSMarch 6, 2026 10:05 AM
PR Newswire (US)
DALLAS, March 6, 2026 /PRNewswire/ -- Ashford Inc. (the "Company") today announced that Deric Eubanks, Chief Financial Officer and Treasurer, will retire in June following a 23-year career with the Company and its predecessor. Mr. Eubanks will step down as Chief Financial Officer of the Company and the Company's advised REITs, Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust") and Braemar Hotels & Resorts, Inc. (NYSE: BHR) ("Braemar") effective March 31, 2026 and, in order to ensure a smooth transition, will continue to assist the Company, as Senior Managing Director, with financial and transitional matters until June 30, 2026. Afterward, he will continue to remain available as an advisor as needed.Monty Bennett, Ashford's Chairman, commented, "Deric has been with us since 2003 when we launched Ashford Hospitality Trust. He has played an integral role in our companies over the years and has served as Chief Financial Officer for the past 12 years. What speaks to Deric's character is that even as he prepares for this next chapter, he has been unwavering in his commitment to seeing the strategic processes for both Braemar and Ashford Trust through to completion. That dedication is a reflection of everything he has brought to this organization over the past two decades. I am deeply grateful for his contributions and know he leaves this Company in an exceptionally strong position.""It has been a remarkable 23-year career, and I could not be more proud of what this team has built," said Mr. Eubanks. "As I look toward retirement, I want to be clear that my focus remains squarely on the work in front of us. I am committed to supporting the sale process for Braemar and the ongoing asset dispositions at Ashford Trust, and I will not consider my work here done until those processes are well in hand. I have tremendous confidence in the leadership team that will carry this organization forward. Justin and the broader team are exceptionally capable, and I leave knowing the Company is in very good hands. The foundation is strong, the strategy is sound, and the people executing it are among the best in the business."After Mr. Eubanks steps down as Chief Financial Officer, Justin Coe, the Company's current Chief Accounting Officer, will assume the role of Principal Financial Officer of the Company and its advised REITs.
View original content:https://www.prnewswire.com/news-releases/ashford-announces-planned-retirement-of-chief-financial-officer-deric-eubanks-302706808.htmlSOURCE Ashford Inc.
Original: ASHFORD ANNOUNCES PLANNED RETIREMENT OF CHIEF FINANCIAL OFFICER DERIC EUBANKS
US Market News
3月前
ASHFORD HOSPITALITY TRUST MOURNS THE LOSS OF BOARD MEMBER, SONNY SRAMarch 2, 2026 10:35 AM
PR Newswire (US)
DALLAS, March 2, 2026 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) (the "Company") today announced with great sadness that board member Davinder "Sonny" Sra passed away on February 25, 2026.The Company's executive chairman of the board Monty Bennett shared, "Sonny was a cherished, long-standing member of the Ashford Group of Companies, and it's impossible to overstate the profound impact he had on our organization. He brought an unmatched passion for the hospitality industry, a tireless work ethic, and genuine care for everyone around him. His loss leaves a void, one that is felt by all of us who had the privilege and joy of calling him a colleague and friend. Our prayers are with Sonny's family and friends, particularly his wife, children, and grandchildren, during this difficult time."Sonny joined Ashford Hospitality Trust Board of Directors in July 2023, where he served as an independent director. Prior to his board position, he was with Remington Hospitality from 1995 until his retirement in 2020. His 25 years of operational hospitality experience and institutional knowledge brought immeasurable value to the board, and his efforts were instrumental in helping to guide the Company through unprecedented times in the hospitality industry. His infectious smile, positive spirit, and wise counsel will be greatly missed by the Ashford family.Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.
View original content:https://www.prnewswire.com/news-releases/ashford-hospitality-trust-mourns-the-loss-of-board-member-sonny-sra-302701178.htmlSOURCE Ashford Hospitality Trust, Inc.
Original: ASHFORD HOSPITALITY TRUST MOURNS THE LOSS OF BOARD MEMBER, SONNY SRA
US Market News
4月前
ASHFORD HOSPITALITY TRUST ANNOUNCES TAX REPORTING INFORMATION FOR 2025 PREFERRED SHARE DISTRIBUTIONSJanuary 27, 2026 10:20 PM
PR Newswire (US)
DALLAS, Jan. 27, 2026 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced the tax reporting (Federal Form 1099-DIV) information for the 2025 distributions on its Series D, F, G, H, I, J, K, L and M preferred shares. The amounts below represent the income tax treatment applicable to each distribution that is reportable in 2025. The preferred distributions that the Company paid on January 15, 2025 to stockholders of record as of December 31, 2024 are reportable in 2025. The preferred distributions declared to stockholders of record as of December 31, 2025 remain unpaid, will be paid as soon as practicable, and we expect that they will be reported in the year of payment.Security DescriptionCUSIPTicker
SymbolDistributions
Per Share *Ordinary Taxable
DividendSection 199A
DividendCapital Gain
DistributionReturn of
CapitalSeries D Cumulative Preferred Stock44103406AHTPrD$2.1124000$0.0000000$0.0000000$0.0000000$2.1124000Series F Cumulative Preferred Stock44103604AHTPrF$1.8436000$0.0000000$0.0000000$0.0000000$1.8436000Series G Cumulative Preferred Stock44103703AHTPrG$1.8436000$0.0000000$0.0000000$0.0000000$1.8436000Series H Cumulative Preferred Stock44103802AHTPrH$1.8750000$0.0000000$0.0000000$0.0000000$1.8750000Series I Cumulative Preferred Stock44103885AHTPrI$1.8750000$0.0000000$0.0000000$0.0000000$1.8750000Series J Preferred Stock04410A863
$2.0000400$0.0000000$0.0000000$0.0000000$2.0000400Series J Preferred Stock04410A798
$2.0000400$0.0000000$0.0000000$0.0000000$2.0000400Series J Preferred Stock04410A723
$2.0000400$0.0000000$0.0000000$0.0000000$2.0000400Series J Preferred Stock04410A657
$2.0000400$0.0000000$0.0000000$0.0000000$2.0000400Series J Preferred Stock04410A574
$2.0000400$0.0000000$0.0000000$0.0000000$2.0000400Series J Preferred Stock04410A517
$2.0000400$0.0000000$0.0000000$0.0000000$2.0000400Series J Preferred Stock04410A434
$2.0000400$0.0000000$0.0000000$0.0000000$2.0000400Series J Preferred Stock04410A368
$2.0000400$0.0000000$0.0000000$0.0000000$2.0000400Series J Preferred Stock04410A285
$2.0000400$0.0000000$0.0000000$0.0000000$2.0000400Series J Preferred Stock04410A228
$1.8333700$0.0000000$0.0000000$0.0000000$1.8333700Series K Preferred Stock04410D867
$2.1041600$0.0000000$0.0000000$0.0000000$2.1041600Series K Preferred Stock04410D792
$2.0979200$0.0000000$0.0000000$0.0000000$2.0979200Series K Preferred Stock04410D727
$2.0916800$0.0000000$0.0000000$0.0000000$2.0916800Series K Preferred Stock04410D651
$2.0854400$0.0000000$0.0000000$0.0000000$2.0854400Series K Preferred Stock04410D578
$2.0792000$0.0000000$0.0000000$0.0000000$2.0792000Series K Preferred Stock04410D511
$2.0729500$0.0000000$0.0000000$0.0000000$2.0729500Series K Preferred Stock04410D438
$2.0666800$0.0000000$0.0000000$0.0000000$2.0666800Series K Preferred Stock04410D362
$2.0604100$0.0000000$0.0000000$0.0000000$2.0604100Series K Preferred Stock04410D289
$2.0541400$0.0000000$0.0000000$0.0000000$2.0541400Series K Preferred Stock04410D222
$1.8791300$0.0000000$0.0000000$0.0000000$1.8791300Series L Preferred Stock04410E204
$1.2500000$0.0000000$0.0000000$0.0000000$1.2500000Series L Preferred Stock04410E303
$0.7812500$0.0000000$0.0000000$0.0000000$0.7812500Series L Preferred Stock04410E402
$0.3125000$0.0000000$0.0000000$0.0000000$0.3125000Series M Preferred Stock04410E832
$1.2833600$0.0000000$0.0000000$0.0000000$1.2833600Series M Preferred Stock04410E824
$0.8021000$0.0000000$0.0000000$0.0000000$0.8021000Series M Preferred Stock04410E816
$0.3208400$0.0000000$0.0000000$0.0000000$0.3208400______* Distributions Per Share reflects the annual rate per share for distributions reportable in 2025.
In accordance with IRS Code Section 6045B, the Company will post Form 8937, Report of Organizational Actions Affecting Basis of Securities, which may be found in the Corporate Actions section of the Company's website. This form provides detailed information on the return of capital amount of the preferred share distributions.The Company encourages stockholders to consult with their own tax advisors with respect to the federal, state and local, and foreign income tax effects of these dividends.Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.Forward-Looking StatementsCertain statements and assumptions in this press release contain or are based upon "forward-looking" information and are being made pursuant to the safe harbor provisions of the federal securities regulations. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "may," "will," "should," "potential," "intend," "expect," "anticipate," "estimate," "approximately," "believe," "could," "project," "predict," or other similar words or expressions. Additionally, statements regarding the following subjects are forward-looking by their nature: our business and investment strategy; anticipated or expected purchases, sales or dispositions of assets; our projected operating results; completion of any pending transactions; our ability to restructure existing property-level indebtedness; our ability to secure additional financing to enable us to operate our business; our understanding of our competition; projected capital expenditures; and the impact of technology on our operations and business. Such forward-looking statements are based on our beliefs, assumptions, and expectations of our future performance taking into account all information currently known to us. These beliefs, assumptions, and expectations can change as a result of many potential events or factors, not all of which are known to us. If a change occurs, our business, financial condition, liquidity, results of operations, plans, and other objectives may vary materially from those expressed in our forward-looking statements. You should carefully consider this risk when you make an investment decision concerning our securities. These and other risk factors are more fully discussed in the Company's filings with the SEC.The forward-looking statements included in this press release are only made as of the date of this press release. Investors should not place undue reliance on these forward-looking statements. We will not publicly update or revise any forward-looking statements, whether as a result of new information, future events or circumstances, changes in expectations or otherwise except to the extent required by law.
View original content:https://www.prnewswire.com/news-releases/ashford-hospitality-trust-announces-tax-reporting-information-for-2025-preferred-share-distributions-302671817.htmlSOURCE Ashford Hospitality Trust, Inc.
Original: ASHFORD HOSPITALITY TRUST ANNOUNCES TAX REPORTING INFORMATION FOR 2025 PREFERRED SHARE DISTRIBUTIONS
Eightbal0682
2年前
Ashford Hospitality Trust (NYSE: AHT) has announced its preliminary results for Q2 2024. The company reported an occupancy rate of approximately 75%, with an average daily rate (ADR) of $200, resulting in a Revenue Per Available Room (RevPAR) of $150. This marks a 1.4% increase in comparable RevPAR compared to Q2 2023. April 2024 saw a 3.0% increase in comparable RevPAR year-over-year, May 2024 had a 1.4% rise, while June 2024 experienced a slight 0.1% dip. Additionally, Ashford Trust has raised $139 million through the issuance of 5,206,397 shares of its Series J and 357,933 shares of its Series K non-traded preferred stock.