Ashford Hospitality Trust reports preliminary Q2 2023 RevPAR of ~$144, +7% YoY

ASHFORD HOSPITALITY TRUST INC

2023-Q2 EPS reported -$2.73 revenue$704,635,000

Preliminary Q2 2023 Occupancy ~75%, ADR ~$191, RevPAR ~$144 (+7% YoY).
Excluding 19 hotels with unextended loans, RevPAR would be ~$150.
CEO cites strong corporate/group demand; portfolio improved by not extending three KEYS loan pools.
AHT expects lower leverage and cash conservation from loan decisions.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ASHFORD HOSPITALITY TRUST INC reported preliminary financial results for the second quarter of 2023.

Period: the second quarter of 2023
Result: preliminary results

Exact text from the filing

Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) reported today that the Company expects to report Occupancy of approximately 75% for the second quarter of 2023 with Average Daily Rate of approximately $191 resulting in RevPAR of approximately $144.

View on SEC.gov

39 earnings releases filed in the last 30 days. Browse all earnings releases →

ASHFORD HOSPITALITY TRUST INC filing history →

Source: SEC EDGAR

accession 0001232582-23-000068

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.