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.
Ashford Hospitality Trust (NYSE: AHT) reported strong preliminary results for Q1 2023, expecting a Comparable RevPAR growth of approximately 30% year-over-year. The occupancy rate is anticipated to be around 68%, with an average daily rate of
Ashford Hospitality Trust (NYSE: AHT) announced dividend declarations for its preferred stock for Q2 2023. The 8.45% Series D will pay
Ashford Securities, a subsidiary of Ashford Inc. (AINC), reports strong interest in its Series J and K Redeemable Preferred Stock offerings for Ashford Hospitality Trust (AHT). Since launching the offering, Ashford Trust has secured over $13.3 million in sales—including $9.1 million in March 2023. The company has partnered with a syndicate of 27 broker-dealers and RIA firms to support this rollout. C. Jay Steigerwald III, President of Ashford Securities, expressed satisfaction with the early success, indicating robust adoption by independent brokers and RIAs, and optimism for future growth.
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