Ashford Trust reports preliminary Q4 RevPAR ~$120, up 1% YoY; occupancy 66%

ASHFORD HOSPITALITY TRUST INC

2023-FY EPS reported -$5.61 revenue$1,367,533,000

Occupancy ~66%, ADR ~$182, RevPAR ~$120 for Q4 2023.
Comparable RevPAR +1% vs Q4 2022; Oct +4%, Nov +1%, Dec -1%.
CEO cites strong corporate/group demand; portfolio well-positioned.
Non-traded preferred equity raised ~$91.3M gross proceeds through Dec 31, 2023.
Series J: 3,475,318 shares; Series K: 194,193 shares outstanding.

item 2.02 item 8.01 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

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

Period: the fourth quarter of 2023
Result: preliminary results

Exact text from the filing

On January 9, 2024, Ashford Hospitality Trust, Inc. (the “Company”) issued a press release announcing its preliminary estimated occupancy, average daily rate and RevPAR operating results for the fourth quarter of 2023.

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ASHFORD HOSPITALITY TRUST INC filing history →

Source: SEC EDGAR

accession 0001232582-24-000004

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