STOCK TITAN

Ashford Hospitality Trust, Inc. - AHT STOCK NEWS

Welcome to our dedicated page for Ashford Hospitality Trust news (Ticker: AHT), a resource for investors and traders seeking the latest updates and insights on Ashford Hospitality Trust stock.

Ashford Hospitality Trust, Inc. (NYSE: AHT) is a self-advised real estate investment trust (REIT) specializing in the hospitality sector. Established in 2003, Ashford's strategy focuses on investing opportunistically in upper upscale, full-service hotels across the United States. The company operates through its subsidiary, Ashford Hospitality Limited Partnership, and holds its lodging investments under brands like Marriott, Hilton, Hyatt, Crowne Plaza, and Sheraton.

The company's core investments include direct real estate acquisitions, securities, equity, and debt, targeting assets expected to generate revenue per available room (RevPAR) below twice the national average. Ashford's revenue streams are primarily derived from room revenue, food and beverage sales, and other ancillary services.

Recently, Ashford has been actively managing its portfolio to improve financial stability and reduce debt. The company announced the sale of multiple hotel properties, including the Hilton Boston Back Bay and Courtyard Manchester, generating significant proceeds for debt reduction. In addition, Ashford has undertaken refinancing efforts, such as the recent loan secured for the Renaissance Hotel in Nashville, Tennessee, to enhance liquidity and financial flexibility.

Ashford's leadership is also experiencing changes, with Rob Hays stepping down as CEO and Stephen Zsigray taking over. This transition aims to bring fresh perspectives and continue the company's growth trajectory.

Committed to maintaining a high-quality, geographically diverse portfolio, Ashford is well-positioned to benefit from increasing corporate and group travel demand. The company's ongoing deleveraging plan and strategic asset sales are expected to strengthen its financial health and support future growth initiatives.

Rhea-AI Summary

Ashford Hospitality Trust (AHT) announced the declaration of cash dividends for its Series D, F, G, H, and I cumulative preferred stock, covering unpaid dividends from June 2020 to September 2021. The dividends are as follows: $3.1686 per Series D share, $2.7654 per Series F and G, and $2.8125 per Series H and I, payable on December 10, 2021. Additionally, for the fourth quarter ending December 31, 2021, dividends of $0.5281, $0.4609, $0.46875 per share will be paid on January 14, 2022. Shareholders are encouraged to note the record date of December 31, 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.91%
Tags
dividends
-
Rhea-AI Summary

Ashford Hospitality Trust (AHT) reported preliminary results for October 2021, marking a portfolio occupancy of 63.7% and an average daily rate (ADR) of $167, yielding a RevPAR of $106. This represents a 12% increase from September 2021 but a 27% decrease from October 2019. Hotel Net Income stood at $9.8 million, with Comparable Hotel EBITDA at $28.4 million, up 67% compared to September 2021. The company cites strong leisure demand as a key driver for improved performance.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.77%
Tags
none
-
Rhea-AI Summary

Ashford Hospitality Trust (AHT) has successfully refinanced its mortgage loan for the Marriott Gateway Crystal City, totaling $86.0 million. This non-recourse loan has a three-year term with two possible one-year extensions and features a floating interest rate of LIBOR + 4.65%. The refinancing addresses the company's only debt maturity in 2021, ensuring liquidity through the initial funding of $84.0 million and $2.0 million for potential debt service support. The next maturity is not until June 2023, securing financial stability for Ashford Trust.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
News
Rhea-AI Summary

Ashford Hospitality Trust (AHT) announced an amendment to its financing agreement with Oaktree Capital Management. The amendment extends Oaktree's $250 million delayed draw commitment to June 2024, contingent on the repayment of a $200 million term loan before June 2023. Additionally, the exit fee terms were modified, allowing Oaktree to choose between warrants or cash upon loan repayment. CEO Rob Hays stated this amendment improves financial flexibility and liquidity.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.55%
Tags
none
-
News
Rhea-AI Summary

Ashford Hospitality Trust (NYSE: AHT) will ring the NYSE Opening Bell on October 13, 2021, during its 2021 Investor & Analyst Day. The event will be broadcast live at 9:30 a.m. ET. As a real estate investment trust (REIT), Ashford Trust focuses primarily on upper upscale, full-service hotels. The company highlighted its ongoing strategies while emphasizing potential risks, including the impacts of COVID-19 and regulatory investigations. Investors are advised to consider these factors when evaluating the company's future performance.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.55%
Tags
none
-
Rhea-AI Summary

Ashford Hospitality Trust (NYSE: AHT) will host an Investor & Analyst Day on October 12, 2021, in New York City at the Park Lane Hotel. Investors and analysts can join the event via a live webcast available on the company’s website, with a replay accessible for one year after. Interested parties are encouraged to contact Investor Relations for attendance details. Ashford Trust focuses on investing primarily in upper upscale, full-service hotels, navigating various market risks and uncertainties that may affect its strategies.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.23%
Tags
conferences
Rhea-AI Summary

Ashford Hospitality Trust (AHT) reported a preliminary portfolio occupancy of 59.7% for September 2021 and an average daily rate (ADR) of approximately $158, resulting in a RevPAR of about $94. This RevPAR shows a significant increase of 145.0% from September 2020, though it is down 28.2% from September 2019. For the third quarter, AHT anticipates an occupancy of 62.8% with an ADR of $156 and a RevPAR of approximately $98, reflecting a 165.7% increase compared to Q3 2020 but a 25.6% decrease compared to Q3 2019.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.23%
Tags
none
-
Rhea-AI Summary

Ashford Hospitality Trust (AHT) announced the release of its third-quarter earnings results for the period ending September 30, 2021. The earnings release will be available after market close on October 26, 2021. A conference call to discuss the results will take place on October 27, 2021, at 11:00 a.m. ET, with details to be accessed via their website or by phone. Ashford Trust specializes in investments primarily in upper upscale, full-service hotels.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.68%
Tags
-
Rhea-AI Summary

Ashford Hospitality Trust (NYSE: AHT) reported an August portfolio occupancy of 61.3%, with an average daily rate (ADR) of $153.69 and a revenue per available room (RevPAR) of $94.16. This RevPAR reflects an 11% decrease from July and a 27% decrease from August 2019. Hotel Net Income stood at $0.9 million, while comparable Hotel EBITDA decreased by 30% from July to $18.6 million, and by 44% from August 2019's $33.3 million. The decline was attributed to a rise in COVID-19 cases, though demand for weekend leisure travel remains strong.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.04%
Tags
none
Rhea-AI Summary

Ashford Hospitality Trust (NYSE: AHT) announced the successful refinancing of its mortgage loan for the 390-room Hilton Boston Back Bay, maturing in November 2022. The $98 million non-recourse loan has a four-year term, with a floating interest rate of LIBOR + 3.80% and quarterly amortization of $500,000 in the extension term. This refinancing reflects proactive management of the company's balance sheet, positioning the trust favorably for economic recovery. The deal was facilitated by real estate advisory firm Robert Douglas.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.72%
Tags
none

FAQ

What is the current stock price of Ashford Hospitality Trust (AHT)?

The current stock price of Ashford Hospitality Trust (AHT) is $7.73 as of December 20, 2024.

What is the market cap of Ashford Hospitality Trust (AHT)?

The market cap of Ashford Hospitality Trust (AHT) is approximately 41.0M.

What is Ashford Hospitality Trust, Inc.?

Ashford Hospitality Trust, Inc. (NYSE: AHT) is a self-advised real estate investment trust (REIT) focused on investing in the hospitality industry, particularly in upper upscale, full-service hotels in the United States.

When was Ashford Hospitality Trust, Inc. established?

Ashford Hospitality Trust, Inc. was established in August 2003.

What types of properties does Ashford Hospitality Trust, Inc. invest in?

Ashford Hospitality Trust invests in full-service upscale and upper upscale hotel properties, targeting assets that generate revenue per available room (RevPAR) below twice the national average.

What brands operate under Ashford Hospitality Trust, Inc.?

Ashford Hospitality Trust's hotels operate under well-known brands such as Marriott, Hilton, Hyatt, Crowne Plaza, and Sheraton.

How does Ashford Hospitality Trust generate revenue?

Ashford Hospitality Trust generates revenue primarily from room bookings, food and beverage sales, and other ancillary services.

What are some recent achievements of Ashford Hospitality Trust, Inc.?

Recently, Ashford has sold multiple properties, including the Hilton Boston Back Bay and Courtyard Manchester, and completed refinancing for the Renaissance Hotel in Nashville to reduce debt and enhance financial stability.

Who is the current CEO of Ashford Hospitality Trust, Inc.?

As of June 2024, Stephen Zsigray will become the CEO, succeeding Rob Hays.

What is Ashford Hospitality Trust, Inc.'s strategy for future growth?

Ashford's strategy includes opportunistic investments in upper upscale hotels, portfolio management to reduce debt, and maintaining a high-quality, diverse property portfolio to leverage increasing travel demand.

What financial condition is Ashford Hospitality Trust, Inc. currently in?

Ashford Hospitality Trust is actively managing its portfolio and undertaking refinancing efforts to enhance liquidity and financial flexibility, with a focus on reducing debt and improving financial health.

What are Ashford Hospitality Trust, Inc.'s recent financial results?

Ashford reported preliminary first-quarter 2024 results, including net income attributable to common stockholders ranging from $66.4 million to $68.4 million, and Adjusted EBITDAre between $58.5 million and $60.5 million.

Ashford Hospitality Trust, Inc.

NYSE:AHT

AHT Rankings

AHT Stock Data

41.02M
5.48M
1.97%
21.76%
2.5%
REIT - Hotel & Motel
Real Estate Investment Trusts
Link
United States of America
DALLAS