Ashford Hospitality Trust reports preliminary Q3 RevPAR ~$132, up 4% YoY; raises $76.8M in preferred equity

ASHFORD HOSPITALITY TRUST INC

2023-Q3 EPS reported -$4.72 revenue$1,047,649,000

Q3 2023 preliminary RevPAR ~$132 (occupancy 72%, ADR $182), up ~4% vs Q3 2022.
Monthly RevPAR increases: July +3%, August +5%, September +4% vs corresponding 2022 months.
Non-traded preferred equity raised ~$76.8M gross proceeds from Series J & K shares through Oct 27, 2023.
CEO cites strong corporate and group demand; portfolio positioned to outperform through 2024.

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 0.95

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

Period: the third quarter of 2023
Result: preliminary results

Exact text from the filing

Ashford Hospitality Trust, Inc. (the “Company”) issued a press release announcing its preliminary estimated occupancy, average daily rate and RevPAR operating results for the third quarter of 2023.

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 0001232582-23-000096

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.