secwatch.observer — SEC 8-K summary
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Issuer:     ASHFORD HOSPITALITY TRUST INC (AHT)
CIK:        0001232582
Form:       8-K
Filed at:   2023-04-11T23:59:59+00:00
Accession:  0001232582-23-000041
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1232582/000123258223000041/0001232582-23-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1232582/000123258223000041/aht-20230411.htm
  HTML page:      https://secwatch.observer/filing/0001232582-23-000041

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