Welcome to our dedicated page for Ashford Hospitality Tr news (Ticker: AHT), a resource for investors and traders seeking the latest updates and insights on Ashford Hospitality Tr stock.
Ashford Hospitality Trust, Inc. (NYSE: AHT) is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels in the United States. The AHT news feed on Stock Titan aggregates company press releases and related coverage so readers can follow developments affecting this hotel-focused REIT and its capital structure.
Recent news for Ashford Hospitality Trust highlights several recurring themes. The company reports on hotel portfolio transactions, including agreements to sell specific properties such as Le Pavillon in New Orleans, Residence Inn San Diego Sorrento Mesa, Hilton Houston NASA Clear Lake, and Residence Inn Evansville East. These announcements often explain how asset sales relate to deleveraging the portfolio, improving cash flow after debt service, and reducing future capital expenditure needs.
Another key category of AHT news involves financing and balance sheet actions. Press releases and corresponding 8-K filings describe refinancing of mortgage loans secured by hotels, such as the Renaissance Nashville Hotel, and extensions of loan facilities like the Highland mortgage loan secured by 18 hotels. These items detail loan terms, maturity dates, and interest rate structures, and they illustrate how the company manages its secured debt.
Investors can also track dividend and preferred stock updates, including declarations of quarterly and monthly dividends on multiple preferred series and, more recently, the suspension of preferred dividends to preserve liquidity while the Board evaluates strategic alternatives. Additional news covers earnings release schedules, conference call information, the formation of a Special Committee to review strategic alternatives, and adoption of a Rights Agreement aimed at preserving tax benefits.
By following AHT news on this page, readers can monitor hotel asset sales, refinancing activity, dividend decisions, and governance developments that shape Ashford Hospitality Trust’s hotel REIT strategy over time.
Ashford Hospitality Trust (NYSE: AHT) has completed the sale of the Courtyard Boston Downtown for $123.0 million, equivalent to $390,500 per key for the 315-room property. The transaction contributes to deleveraging the company's BAML Highland Pool loan and reduces future capital expenditure requirements.
CEO Stephen Zsigray noted improved sentiment in transaction and financing markets, highlighting strong revenue growth in December as part of their GRO AHT initiative progress.
Ashford Hospitality Trust (NYSE: AHT) has announced its preferred stock dividend declarations for Q1 2025. The company declared dividends for multiple series of preferred stock:
- Series D (8.45%): $0.5281 per share
- Series F & G (7.375%): $0.4609 per share
- Series H & I (7.50%): $0.46875 per share
- Series J: Monthly payments of $0.16667 per share
- Series K: Various monthly payments ranging from $0.17083 to $0.17500 per share depending on CUSIP
All dividends will be paid on April 15, 2025, to stockholders of record as of March 31, 2025, except for monthly dividends which have payments in February, March, and April. As of December 31, 2024, there were 6,799,638 Series J shares and 601,175 Series K shares outstanding.
Ashford Hospitality Trust (NYSE: AHT) announced preliminary results for Q4 2024, reporting an Occupancy rate of approximately 66% with an Average Daily Rate of $190, leading to a RevPAR of $126. This represents a 3.0% increase in Comparable RevPAR compared to Q4 2023. Monthly breakdowns show a 4.5% increase for October, 0.4% for November, and 3.8% for December compared to the same months in 2023.
CEO Stephen Zsigray highlighted strong corporate and group demand and the success of the GRO AHT initiative, which contributed to a 4.4% rise in total hotel revenue for the quarter and a 6.9% increase in December. The company is also approaching the repayment of its corporate strategic financing.
Ashford Trust will close its offering of Series J and Series K non-traded preferred stock on March 31, 2025. Since the launch in 2022, the company raised approximately $185 million in gross proceeds. By December 31, 2024, there were 6,799,638 shares of Series J and 601,175 shares of Series K outstanding.
Ashford Hospitality Trust (NYSE: AHT) has announced its schedule for fourth quarter 2024 earnings release and conference call. The company will release its Q4 results after market close on Tuesday, February 25, 2025, followed by a conference call on Wednesday, February 26, 2025, at 11:00 a.m. ET.
Investors can join the interactive teleconference by calling (646) 307-1963. A replay will be available through March 5, 2025, via (609) 800-9909 with confirmation number 9481675. The live broadcast will be accessible on the company's website at www.ahtreit.com, with an online replay available for approximately one year.
Ashford Trust operates as a real estate investment trust (REIT) with a primary focus on investing in upper upscale, full-service hotels.
Ashford Hospitality Trust (NYSE: AHT) has successfully extended its mortgage loan for the 226-room Le Pavillon Hotel in New Orleans, Louisiana. The loan, maintaining its $37.0 million balance with no paydown requirement, had an initial maturity date in December 2024 and now includes two additional one-year extension options, potentially extending to December 2027. The company also announced the hotel's recent conversion to Marriott's Tribute Portfolio, with expectations of improved performance post-conversion.
Ashford Hospitality Trust (NYSE: AHT) has announced 'GRO AHT', a strategic initiative targeting $50 million in incremental EBITDA improvement, representing a 20% increase to run-rate corporate EBITDA. The plan focuses on three core pillars: G&A Reduction, Revenue Maximization, and Operational Efficiency.
The G&A Reduction includes cutting management compensation and reducing advisory fees. Revenue Maximization aims to grow room revenue market share by over 200 basis points in 2025. Operational Efficiency focuses on reducing costs through workforce adjustments, contract renegotiations, and energy-saving initiatives. The company also plans to pay off its Oaktree financing in early Q1.
Ashford Hospitality Trust (NYSE: AHT) has announced the completion of its Crowne Plaza La Concha Hotel conversion to the Autograph La Concha, joining Marriott's Autograph Collection®. The Key West property underwent a $35 million renovation, upgrading various facilities including the lobby, bar, restaurant, exterior, guestrooms, and converting the spa into premium roof-top suites.
Located on Duval Street in Old Town Key West, the 160-room hotel is expected to drive 20-30% premiums to pre-conversion RevPAR. The historic landmark hotel, which has hosted notable guests like Ernest Hemingway and Harry Truman, is strategically positioned near major attractions, shopping, and entertainment venues.
Ashford Hospitality Trust (NYSE: AHT) has announced a definitive agreement to sell the Courtyard Boston Downtown for $123.0 million ($390,500 per key). The 315-room hotel sale is expected to close in January 2025, subject to conditions.
When adjusted for anticipated capital expenditures, the sale represents a 5.9% capitalization rate on net operating income and 14.3x Hotel EBITDA for the trailing twelve months ended September 30, 2024. Without capital spend adjustments, these figures are 6.9% and 12.3x respectively.
The property generated $8.5 million in Hotel Net Operating Income and $10.0 million in Hotel EBITDA during this period, with a net loss of $1.8 million after accounting for interest expense and depreciation.
Ashford Hospitality Trust (NYSE: AHT) has announced the planned closure of its Series J and Series K non-traded preferred stock offering on March 31, 2025. The offering, launched in 2022, has successfully raised approximately $180.0 million in gross proceeds. CEO Stephen Zsigray highlighted that this offering provided substantial capital during challenging market conditions and cited the company's improved financial condition as a factor in the decision to close the offering. Ashford Trust operates as a REIT specializing in upper upscale, full-service hotels.
Ashford Hospitality Trust (NYSE: AHT) announced the conversion of its 226-room Le Pavillon Hotel in New Orleans to a Marriott's Tribute Portfolio property. The hotel recently completed a $19 million renovation, including extensive exterior work, restaurant upgrades, guestroom improvements, and a reimagined lobby bar called Bar 1803. Located in downtown New Orleans near the French Quarter, the historic hotel was built in 1907. The conversion was strategically timed ahead of Super Bowl LIX and Mardi Gras to position the property for a strong start to 2025.