Welcome to our dedicated page for Ashford Hospitality Tr SEC filings (Ticker: AHT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Ashford Hospitality Trust, Inc. (AHT) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as a hotel-focused real estate investment trust (REIT). Ashford Hospitality Trust files current reports, earnings releases, and transaction details with the U.S. Securities and Exchange Commission, offering insight into its upper upscale, full-service hotel portfolio and capital structure.
Through this page, readers can review Form 8-K filings that describe material events such as hotel acquisitions and dispositions, mortgage loan refinancings, advisory agreement changes, and corporate governance actions. Examples include 8-Ks reporting the sale of properties like Le Pavillon in New Orleans and Residence Inn San Diego Sorrento Mesa, the refinancing of the Renaissance Nashville Hotel mortgage loan, and the extension of the Third Amended and Restated Advisory Agreement with Ashford Inc. and Ashford Hospitality Advisors LLC.
Filings also cover capital markets and dividend matters, including declarations and subsequent suspension of preferred dividends on multiple series of preferred stock, the formation of a Special Committee to evaluate strategic alternatives, and adoption of a Rights Agreement designed to help preserve the company’s tax benefits. Other 8-Ks incorporate earnings releases and conference call transcripts for quarterly results, giving investors a regulatory record of operating performance and management commentary.
Stock Titan enhances these documents with AI-powered summaries that highlight key points from lengthy filings, helping users quickly understand the significance of each report. Real-time updates from the SEC’s EDGAR system ensure that new AHT filings, including annual reports on Form 10-K, quarterly reports on Form 10-Q, and insider or governance-related 8-Ks, appear promptly. Users can also use this page to track information relevant to preferred stockholders and common shareholders, as well as the company’s ongoing strategic and financing decisions as disclosed in its official SEC filings.
Ashford Hospitality Trust, Inc. files a prospectus supplement registering preferred stock and attaches an 8-K reporting a property sale. The Supplement registers 11,200,000 shares of Series L Redeemable Preferred Stock and 4,800,000 shares of Series M Redeemable Preferred Stock with a liquidation preference of $25.00 per share. The company also furnished a Form 8-K disclosing the April 7, 2026 sale of the Embassy Suites by Hilton Palm Beach Gardens PGA Boulevard for $41 million in cash, subject to customary pro-rations and adjustments. Unaudited pro forma financial information as of and for the year ended December 31, 2025 is attached as Exhibit 99.1.
Ashford Hospitality Trust, Inc. completed the sale of the Embassy Suites by Hilton Palm Beach Gardens PGA Boulevard on April 7, 2026 for $41 million in cash, subject to customary adjustments. Exhibited pro forma data show total consideration of approximately $40.5 million in cash, net of selling expenses, with about $40.0 million paid to the mortgage lender.
The unaudited pro forma financial statements for the year ended December 31, 2025 remove the Palm Beach hotel’s assets, liabilities and results, and include an estimated non‑recurring gain on disposition of 21,760 (in thousands). Pro forma net loss attributable to common stockholders improves from 215,004 (in thousands) historically to 191,840 (in thousands).
Ashford Hospitality Trust, Inc. is advancing its portfolio optimization strategy by selling six hotels. It has closed sales of four properties for $252.5 million in gross proceeds, or $280,000 per key, and signed definitive agreements to sell two additional hotels.
For the four closed hotels, including anticipated capital expenditures of $57.6 million, the sale price reflects a 6.0% capitalization rate on net operating income and a 14.5x Hotel EBITDA multiple for the twelve months ended December 31, 2025. Excluding that capital spend, the metrics are a 7.4% cap rate and 11.8x EBITDA.
The pending sale of Lakeway Resort & Spa and Embassy Suites Dallas Near the Galleria totals $54.8 million, or $225,000 and $113,000 per key, respectively, and is expected to close by May 2026 subject to normal conditions. Management expects the six sales to reduce portfolio leverage, improve cash flow after debt service, and avoid more than $60 million of future capital expenditures, with most proceeds used to pay down mortgage debt.
Ashford Hospitality Trust completed the sale of the 252-room Hilton Alexandria Old Town in Virginia. An indirect subsidiary sold the hotel for $58 million in cash, under a February 25, 2026 purchase agreement with Lodging Capital Partners LLC.
The company reports total consideration of approximately $57.3 million in cash, net of selling expenses$32.5 million to repay the mortgage loan secured by the property. Unaudited pro forma financial statements for the year ended December 31, 2025 remove Hilton Alexandria’s assets, liabilities, and results, and include a preliminary non-recurring loss related to the disposition.
Ashford Hospitality Trust is asking stockholders to vote at its 2026 annual meeting on May 12, 2026 on six director nominees, advisory approval of executive pay, ratification of BDO USA as auditor, and Amendment No. 6 to its 2021 Stock Incentive Plan.
At year-end 2025, the company owned 68 hotels with about 16,500 rooms. Despite industry pressure and modestly lower comparable RevPAR, comparable total revenue rose slightly, comparable Hotel EBITDA grew 2.4%, and hotel-level margins expanded by more than 40 basis points.
The company completed a $580 million refinancing on 16 hotels, using about $72 million of excess proceeds to eliminate all corporate-level debt, extended key mortgage maturities, and sold nine hotels for roughly $421 million at a 6.0% trailing cap rate, reducing over $105 million of future capital spending. Its “GRO AHT” cost and revenue program generated an estimated $40 million+ of EBITDA improvement in 2025 toward a $50 million goal.
In December 2025, the Board formed a Special Committee to evaluate strategic alternatives to address what it sees as a gap between portfolio value and the stock price. To preserve liquidity ahead of 2026 loan maturities, the company terminated Series L and M non-traded preferred offerings, suspended preferred stock redemptions, and later suspended preferred dividends.
Ashford Hospitality Trust, Inc. registers 11,200,000 shares of Series L and 4,800,000 shares of Series M Redeemable Preferred Stock (liquidation preference $25.00 per share) via Prospectus Supplement No. 25. The supplement incorporates a Form 8-K describing a Fourth Amended and Restated Advisory Agreement dated March 27, 2026.
The amended advisory agreement redefines the Termination Fee as thirty years of Foregone Adjusted EBITDA discounted at 2%, adjusts change-of-control mechanics (including time windows and an $65 million Annualized Portfolio Cash Flow trigger), fixes the Working Capital Reserve at $20 million, lowers minimum quarterly Tangible Net Worth to $600 million, expands the advisory term to December 31, 2055 with potential extensions, and alters certain fee calculation caps and indemnities.
Ashford Hospitality Trust entered into a Fourth Amended and Restated Advisory Agreement with its external advisor, Ashford Inc. and Ashford Hospitality Advisors. The agreement redefines the termination fee as 30 years of Foregone Adjusted EBITDA discounted at 2% and changes when a company change of control can trigger that fee, including a condition that Annualized Portfolio Cash Flow be under $65 million. The company’s Working Capital Reserve is now fixed at $20 million, and the minimum Tangible Net Worth covenant is reduced to $600 million plus 75% of net equity proceeds after June 30, 2023. The cap on the incentive fee for peer outperformance rises to 100%, and certain fee components can decline as Total Market Capitalization increases. The initial term is extended to December 31, 2055 with two possible 20‑year extensions, and the company’s ability to terminate the agreement for fraud is removed.
Ashford Hospitality Trust, Inc. reported an independent opinion on the liquidation value of its non-traded Series J, K, L and M Redeemable Preferred Stock as of December 31, 2025. Valuation firm Robert A. Stanger & Co. concluded an estimated liquidation value of $25.00 per share, matching each series’ stated liquidation preference.
Stanger applied several approaches, including market capitalization analysis, direct capitalization of net operating income and third-party real estate appraisals, and in each case concluded total equity value exceeded the aggregate liquidation preference of all preferred securities. The company highlighted that this estimate is unaudited, not a GAAP fair-value measure, and could change with future asset value or assumption changes.
Ashford Hospitality Trust files its annual report describing a highly leveraged hotel REIT facing significant financial pressure. The company owns 68 upper-upscale U.S. hotels with 16,633 rooms, held mainly through a taxable REIT subsidiary structure and managed largely by Remington Hospitality and other brands.
As of December 31, 2025, Ashford reported $66.8 million in cash, $149.6 million in restricted cash and approximately $2.6 billion of property-level debt, including $2.4 billion of variable-rate debt and $1.9 billion maturing within one year. Stockholders’ equity showed a deficit of about $626.4 million, leading auditors to raise substantial doubt about the company’s ability to continue as a going concern.
The company has not paid common stock dividends since 2015 and does not expect to pay common dividends in 2026. Preferred dividends were suspended, including amounts declared for payment on January 15, 2026, which the company intends to pay when reasonably practicable. To help preserve tax attributes, Ashford adopted a shareholder rights plan in December 2025 that is triggered at 4.99% beneficial ownership of certain securities and is designed to protect its tax benefits.