Ashford Hospitality Trust prelim Q1 RevPAR ~$128, down 1% YoY; cites Easter shift for March softness

ASHFORD HOSPITALITY TRUST INC

2024-Q1 EPS reported $0.60 revenue$303,896,000

Expected Occupancy ~67%, ADR ~$191, RevPAR ~$128 for Q1 2024, down ~1% vs Q1 2023.
Jan comparable RevPAR +2.1% YoY; Feb -0.3%; Mar -3.7% due to Easter holiday shift.
CEO expects marked improvement in April, citing continued corporate and group demand.
Non-traded preferred equity raised ~$114.6M gross proceeds through March 31, 2024.
Company focused on deleveraging plan and paying off strategic corporate financing.

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 first quarter of 2024.

Period: first quarter of 2024
Result: preliminary results

Exact text from the filing

reported today that the Company expects to report Occupancy of approximately 67% for the first quarter of 2024 with Average Daily Rate of approximately $191 resulting in RevPAR of approximately $128.

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Source: SEC EDGAR

accession 0001232582-24-000044

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