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.
About Ashford Hospitality Trust, Inc. (AHT)
Ashford Hospitality Trust, Inc. (NYSE: AHT) is a self-advised real estate investment trust (REIT) specializing in the hospitality sector. The company focuses on acquiring, owning, and managing upper-upscale and full-service hotels across the United States. Operating through its wholly-owned subsidiary, Ashford Hospitality Limited Partnership, AHT leverages its expertise to invest across all levels of the capital structure, from direct real estate acquisitions to securities and debt instruments. Its portfolio includes properties operating under renowned brands such as Marriott, Hilton, Hyatt, and Sheraton, strategically positioned in key markets to maximize revenue potential.
Core Business Model
Ashford Hospitality Trust generates revenue through three primary streams:
- Room Revenue: The largest contributor, derived from guest stays across its portfolio of hotels.
- Food and Beverage Revenue: Income from on-site restaurants, bars, and catering services.
- Other Revenue: Ancillary services such as parking, spa operations, and event hosting.
The company actively enhances its portfolio through strategic renovations, brand conversions, and asset repositioning. Recent examples include the transformation of properties like the La Concha Hotel into a Marriott Autograph Collection property, aimed at driving higher revenue per available room (RevPAR) and attracting premium clientele.
Strategic Initiatives and Market Positioning
Ashford Hospitality Trust has undertaken several initiatives to strengthen its financial position and operational efficiency. The GRO AHT strategy, launched in late 2024, focuses on three core pillars: G&A Reduction, Revenue Maximization, and Operational Efficiency. This initiative is expected to generate an incremental $50 million in annual EBITDA, positioning the company for sustainable growth.
Additionally, AHT has prioritized deleveraging its balance sheet by divesting non-core assets and reducing corporate-level debt. These efforts, combined with its focus on high-quality, geographically diverse properties, reinforce its competitive edge in a fragmented market.
Competitive Landscape
Operating within the highly competitive hospitality REIT sector, Ashford faces competition from other hotel-focused REITs and independent operators. However, its emphasis on value-add strategies, such as property renovations and brand upgrades, sets it apart. By targeting assets with RevPAR below twice the U.S. average, AHT capitalizes on opportunities to enhance asset performance and shareholder value.
Challenges and Opportunities
Like many REITs, Ashford Hospitality Trust navigates challenges such as cyclical demand, economic fluctuations, and rising operational costs. However, its strategic initiatives, combined with a focus on ancillary revenue growth and operational efficiency, position the company to capitalize on industry tailwinds, including limited supply growth and recovering travel demand.
Conclusion
With a robust portfolio, strategic focus on operational efficiency, and commitment to enhancing shareholder value, Ashford Hospitality Trust, Inc. stands as a key player in the U.S. hospitality REIT market. Its proactive approach to asset management and financial discipline underscores its potential for long-term growth and resilience in a dynamic industry landscape.
Ashford Hospitality Trust (NYSE: AHT) declared several dividends for the third quarter of 2022, payable on October 17, 2022. These include $0.5281 per share for Series D, $0.4609 for Series F and G, and $0.46875 for Series H and I, all equivalent to annual rates of $2.1125, $1.8438, and $1.875 respectively. Additionally, the Company announced monthly cash dividends of $0.1666 and $0.1708 for Series J and K, reflecting annual rates of $2.00 and $2.05. Stockholders of record as of September 30, 2022, will receive these payments.
Ashford Hospitality Trust, Inc. (NYSE: AHT) has announced it will release its third-quarter earnings results for the period ending September 30, 2022, on November 1, 2022, after market close. A conference call is scheduled for November 2, 2022, at 11:00 a.m. ET. Investors can participate by calling (201) 389-0920. A replay will be available until November 9, 2022. The live call will also be accessible via the company’s website. Ashford Trust primarily invests in upper upscale, full-service hotels.
Ashford Hospitality Trust (AHT) announced an expected occupancy rate of approximately 73% for Q2 2022, with an average daily rate (ADR) of $184, leading to a RevPAR of $135. This marks a 73% increase compared to Q2 2021 but a 6% decrease from Q2 2019. In June 2022, occupancy reached 75% with an ADR of $186 and a RevPAR of $139, reflecting a 52% increase from June 2021 and a 5% decrease from June 2019. The company expressed optimism regarding its diverse portfolio's performance amidst rising demand in key markets.
Ashford Hospitality Trust (NYSE: AHT) announced its upcoming second quarter earnings release for the period ending June 30, 2022. The earnings report will be issued after market close on August 2, 2022, followed by a conference call on August 3, 2022, at 11:00 a.m. ET. Investors can participate by calling (201) 389-0920. A replay will be available until August 10, 2022. The conference call will also be streamed live on the company's website, with a replay accessible for one year.
Ashford Hospitality Trust (NYSE: AHT) reported a preliminary portfolio occupancy of 72% for May 2022, with an average daily rate (ADR) of approximately $185 and RevPAR of about $132, marking a 74.9% rise from May 2021 but a 6.8% decline from May 2019. Hotel Net Income was $18.9 million and Comparable Hotel EBITDA reached $36.9 million, up 156% year-over-year. April occupancy was 74%, ADR at $182, and a RevPAR of $134 represented a 98.6% increase from April 2021. The company has seen robust recovery in key markets.
Ashford Hospitality Trust (NYSE: AHT) will present at Nareit's REITweek 2022 Investor Conference on June 7, 2022, at 3:45 p.m. Eastern Time. The presentation will be led by President and CEO Rob Hays. Investors can access the live audio broadcast on the company's website or through another provided link. A replay will be available for 90 days post-presentation. Ashford Trust primarily invests in upscale, full-service hotels, focusing on enhancing shareholder value.
Ashford Hospitality Trust (AHT) announced preferred dividends for Q2 2022, declaring $0.5281 per share for Series D, $0.4609 for Series F and G, and $0.46875 for Series H and I. All dividends have an annual rate of $2.1125, $1.8438, and $1.875 respectively. Payment is set for July 15, 2022, to stockholders on record by June 30, 2022.
Ashford Trust is a REIT focused on upper upscale, full-service hotels.
Ashford Hospitality Trust (AHT) reported preliminary first-quarter results for 2022, with an estimated net loss of $(58.8) million to $(56.8) million. Adjusted EBITDAre is projected between $40.0 million and $42.0 million, while Adjusted FFO is estimated to range from $(1.8) million to $0.2 million. Management highlighted improving hotel performance driven by strong leisure and transient demand. Final results will be disclosed on May 3, 2022. Caution is advised regarding the preliminary figures, as changes may occur before the final report.
Ashford Inc. (NYSE American: AINC) announced that Jeremy Welter, President and COO, will leave the company effective July 15, 2022. This will also end his roles at Ashford Hospitality Trust (NYSE: AHT) and Braemar Hotels & Resorts (NYSE: BHR). Monty J. Bennett, CEO, acknowledged Welter's significant contributions to maximizing hotel asset value and providing leadership. Ashford, an asset management company, continues to focus on the hospitality sector. The company warns that forward-looking statements carry inherent risks, including ongoing effects from COVID-19 and market volatility.
Ashford Hospitality Trust (AHT) announced preliminary results for Q1 2022, expecting an occupancy rate of approximately 58% and an average daily rate (ADR) of $166, leading to a RevPAR of about $97. This represents a 103% increase from Q1 2021 but a 23% decline compared to Q1 2019. RevPAR showed a decreasing trend monthly, dropping 36%, 25%, and 13% in January, February, and March 2022 compared to the same months in 2019, respectively. CEO Rob Hays expressed optimism about the industry’s recovery and the company's potential amidst current challenges.
FAQ
What is the current stock price of Ashford Hospitality Tr (AHT)?
What is the market cap of Ashford Hospitality Tr (AHT)?
What is Ashford Hospitality Trust's primary business focus?
How does Ashford Hospitality Trust generate revenue?
What is the GRO AHT initiative?
What brands are included in Ashford Hospitality Trust's portfolio?
How does Ashford Hospitality Trust differentiate itself from competitors?
What challenges does Ashford Hospitality Trust face?
What is Ashford Hospitality Trust's approach to debt management?
What is the significance of RevPAR in Ashford Hospitality Trust's strategy?
