ASHFORD HOSPITALITY TRUST ANNOUNCES TERMINATION OF SEC INVESTIGATION

Rhea-AI Summary

Ashford Hospitality Trust (AHT) announced that the SEC has concluded its investigation without recommending any action against the company. Braemar Hotels & Resorts Inc. (BHR) and Ashford Inc. (AINC) also received similar notifications from the SEC. This marks a significant relief for these companies, particularly for AHT, which focuses on investing in upper upscale, full-service hotels. The announcement may positively influence investor sentiment, as regulatory uncertainties have been resolved.

Positive

• SEC concluded investigation without recommending action against AHT.
• Similar SEC findings for Braemar Hotels & Resorts (BHR) and Ashford Inc. (AINC).

Negative

• None.

DALLAS, Jan. 18, 2022 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it has received a letter from the Securities and Exchange Commission ("SEC") stating that the SEC's investigation is concluded, and that the SEC enforcement staff does not intend to recommend any action by the SEC against Ashford Trust. Braemar Hotels & Resorts Inc. (NYSE: BHR) and Ashford Inc. (NYSE American: AINC) also each received a letter stating that the SEC's investigation is concluded, and that the SEC enforcement staff does not intend to recommend any action against the respective company.

*  *  *  *  *

Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.

Follow CEO Rob Hays on Twitter at https://twitter.com/aht_rob or @aht_rob.

View original content:https://www.prnewswire.com/news-releases/ashford-hospitality-trust-announces-termination-of-sec-investigation-301462684.html

SOURCE Ashford Hospitality Trust, Inc.

FAQ

What was the outcome of the SEC investigation for Ashford Hospitality Trust (AHT)?

The SEC concluded its investigation and will not recommend any action against Ashford Hospitality Trust.

Did Braemar Hotels & Resorts (BHR) receive a similar SEC investigation outcome?

Yes, Braemar Hotels & Resorts also received notification that the SEC's investigation was concluded without any action.

What does the SEC investigation conclusion mean for Ashford Inc. (AINC)?

The conclusion means that the SEC enforcement staff does not intend to recommend any action against Ashford Inc.

When was the SEC investigation announcement made for AHT and related companies?

The announcement was made on January 18, 2022.