---
schema_version: "secwatch.filing_event.v1"
accession: "0001232582-23-000041"
form_type: "8-K"
ticker: "AHT"
cik: "0001232582"
company_name: "ASHFORD HOSPITALITY TRUST INC"
filed_at: "2023-04-11T23:59:59+00:00"
generated_at: "2026-06-17T03:29:50.732919+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ashford Trust preliminary Q1 RevPAR up ~30% YoY; 60% of hotels exiting cash traps

## Summary
- Q1 2023 preliminary results: Occupancy ~68%, ADR ~$184, RevPAR ~$125.
- Comparable RevPAR growth of ~30% vs Q1 2022; March RevPAR up ~19% YoY.
- 60% of hotels expected out of cash traps post-Q1, up from 21% at Q4 2022.
- Extended BAML Highland Pool Loan to April 2024 with $45M paydown.
- Refinancing La Posada de Santa Fe and Hilton Alexandria loans in progress.

## SEC filing metadata
- accession: 0001232582-23-000041
- form_type: 8-K
- ticker: AHT
- cik: 0001232582
- company_name: ASHFORD HOSPITALITY TRUST INC
- filed_at: 2023-04-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1232582/000123258223000041/0001232582-23-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1232582/000123258223000041/aht-20230411.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001232582-23-000041
- JSON: https://secwatch.observer/filing/0001232582-23-000041.json
- Plain text: https://secwatch.observer/filing/0001232582-23-000041.txt

## Key facts
- Earnings Releases
  ASHFORD HOSPITALITY TRUST INC reported preliminary financial results for first quarter of 2023.
  - Period: first quarter of 2023
  - Result: preliminary results
  source text: On April 11, 2023, Ashford Hospitality Trust, Inc. (the “Company”) issued a press release announcing its preliminary estimated occupancy, average daily rate and RevPAR operating results for the first quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1232582/000123258223000041/0001232582-23-000041-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.