Source-grounded facts extracted from ASHFORD HOSPITALITY TRUST INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
ASHFORD HOSPITALITY TRUST INC reported the fourth quarter ended December 31, 2023 results: net income approximately $(32.3) million to $(30.3) million or $(0.93) to $(0.87) per share, EPS $(0.93) to $(0.87) per share.
“Ashford Hospitality Trust, Inc. (the “Company”) issued a press release announcing its preliminary expectations for net loss attributable to common stockholders, Adjusted EBITDAre, and Adjusted FFO for the fourth quarter ended December 31, 2023.”
Earnings Releases
ASHFORD HOSPITALITY TRUST INC reported preliminary financial results for the fourth quarter of 2023.
“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.”
Justin Coe was appointed as Chief Accounting Officer at ASHFORD HOSPITALITY TRUST INC.
“On December 7, 2023, Justin Coe, the current Senior Vice President of Accounting of Advisor, was appointed to fill the role of Chief Accounting Officer at the Company, effective January 1, 2024.”
Mark Nunneley departed as Chief Accounting Officer at ASHFORD HOSPITALITY TRUST INC.
“On December 5, 2023, Mark Nunneley, Chief Accounting Officer of Ashford Hospitality Trust, Inc. (the “ Company ”), announced to the Board of Directors (the “ Board ”) of the Company his intention to voluntarily step down from his role as the Chief Accounting Officer”
Material Agreements
ASHFORD HOSPITALITY TRUST INC entered into Contribution Agreement with Stirling REIT OP, LP valued at approximately $35 million (effective 2023-12-06).
“On December 6, 2023 (the “ Closing ”), Ashford Hospitality Trust, Inc.’s subsidiaries, Ashford Hospitality Limited Partnership and Ashford TRS Corporation (together, the “ Company ”), entered into a Contribution Agreement (the “ Contribution Agreement ”) with Stirling REIT OP, LP (the “ Stirling Operating Partnership ”), a subsidiary of Stirling Hotels & Resorts, Inc. (“ Stirling ”).”
Debt Financings
ASHFORD HOSPITALITY TRUST INC reported a default on loan with the mortgage lender.
“it has completed the transfer of ownership of the KEYS F loan pool to the mortgage lender”
Earnings Releases
ASHFORD HOSPITALITY TRUST INC reported financial results for the third quarter ended September 30, 2023.
“On November 7, 2023, Ashford Hospitality Trust, Inc. (the “Company”) issued a press release announcing its financial results for the third quarter ended September 30, 2023.”
Earnings Releases
ASHFORD HOSPITALITY TRUST INC reported preliminary financial results for the third quarter of 2023.
“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.”
Earnings Releases
ASHFORD HOSPITALITY TRUST INC reported financial results for the second quarter ended June 30, 2023.
“On August 1, 2023, Ashford Hospitality Trust, Inc. (the “Company”) issued a press release announcing its financial results for the second quarter ended June 30, 2023.”
Earnings Releases
ASHFORD HOSPITALITY TRUST INC reported financial results for the second quarter ended June 30, 2023.
“On August 1, 2023, Ashford Hospitality Trust, Inc. (the “Company”) issued a press release announcing its financial results for the second quarter ended June 30, 2023.”
Davinder Sra was appointed as Director at ASHFORD HOSPITALITY TRUST INC.
“On July 25, 2023, the Board of Directors (the “Board”) of Ashford Hospitality Trust, Inc. (the “Company”) increased the size of the Board from eight to nine members and appointed Mr. Davinder “Sonny” Sra as a director to fill the vacancy resulting from that increase.”
Earnings Releases
ASHFORD HOSPITALITY TRUST INC reported preliminary financial results for the second quarter of 2023.
“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.”
Debt Financings
ASHFORD HOSPITALITY TRUST INC amended loan.
“The Company has extended its KEYS Pool C loan – secured by five hotels with a paydown of approximately $62 million”
Debt Financings
ASHFORD HOSPITALITY TRUST INC reported a default on loan at approximately 8.8%.
“the Company has elected not to make the required paydowns to extend its KEYS Pool A loan – secured by seven hotels, its KEYS Pool B loan – secured by seven hotels, and its KEYS Pool F loan – secured by five hotels”
Material Agreements
ASHFORD HOSPITALITY TRUST INC amended Amendment No. 2 to the Credit Agreement with the Lenders and the Administrative Agent (Oaktree Fund Administration, LLC) (effective 2023-06-21).
“On June 21, 2023, Ashford Trust and the Borrower entered into Amendment No. 2 to the Credit Agreement (“ Amendment No. 2 ”) with the Lenders and the Administrative Agent.”
Shareholder Votes
ASHFORD HOSPITALITY TRUST INC shareholders approved 4. Proposal Four – To ratify the appointment of BDO USA, LLP, a national public accounting firm, as the Company’s independent auditors for the fiscal year ending December 31, 2023. at the 2023-05-09 meeting.
“4. Proposal Four – To ratify the appointment of BDO USA, LLP, a national public accounting firm, as the Company’s independent auditors for the fiscal year ending December 31, 2023. This proposal was approved by the votes indicated below: For Against Abstain 19,454,613 1,320,334 120,629”
Shareholder Votes
ASHFORD HOSPITALITY TRUST INC shareholders approved 3. Proposal Three – To recommend the frequency of future advisory votes on the Company’s executive compensation. at the 2023-05-09 meeting.
“3. Proposal Three – To recommend the frequency of future advisory votes on the Company’s executive compensation. “1 Year” was approved by the votes indicated below: 1 Year 2 Years 3 Years Abstain 11,258,383 134,511 635,222 323,034”
Shareholder Votes
ASHFORD HOSPITALITY TRUST INC shareholders approved 2. Proposal Two – To obtain advisory approval of the Company’s executive compensation. at the 2023-05-09 meeting.
“2. Proposal Two – To obtain advisory approval of the Company’s executive compensation. This proposal was approved by the votes indicated below: For Against Abstain Broker Non-votes 10,593,996 1,699,005 58,149 8,544,426”
Shareholder Votes
ASHFORD HOSPITALITY TRUST INC shareholders approved 1. Proposal One – To elect eight nominees to the Board of Directors to hold office until the next annual meeting of stockholders and until their successors are duly elected and qualified: at the 2023-05-09 meeting.
“1. Proposal One – To elect eight nominees to the Board of Directors to hold office until the next annual meeting of stockholders and until their successors are duly elected and qualified: Name For Against Abstain Broker Non-votes Monty J. Bennett 8,578,361 3,706,295 66,494 8,544,426 Benjamin J. Ansell, M.D. 8,821,320 3,352,548 177,282 8,544,426 Amish Gupta 9,718,046 2,559,672 73,432 8,544,426 J. Robison Hays, III 9,743,719 2,536,937 70,494 8,544,426 Kamal Jafarnia 4,286,863 7,995,449 68,838 8,544,426 Frederick J. Kleisner 8,817,542 3,454,591 79,017 8,544,426 Sheri L. Pantermuehl 9,708,282 2,570,971 71,897 8,544,426 Alan L. Tallis 9,708,422 2,569,051 73,677 8,544,426 Each director nominee named above was elected at the Annual Meeting, except for Mr. Jafarnia, who did not receive a majority of votes cast in favor of his election. In accordance with the director resignation policy set forth in Section IX of the Company’s Corporate Governance Guidelines (the “Guidelines”), Mr. Jafarnia”
Earnings Releases
ASHFORD HOSPITALITY TRUST INC reported financial results for first quarter ended March 31, 2023.
“On May 1, 2023, Ashford Hospitality Trust, Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2023.”
Earnings Releases
ASHFORD HOSPITALITY TRUST INC reported preliminary financial results for first quarter of 2023.
“On April 11, 2023, Ashford Hospitality Trust, Inc. (the “Company”) issued a press release announcing its preliminary estimated occupancy, average daily rate and RevPAR operating results for the first quarter of 2023.”
Material Agreements
ASHFORD HOSPITALITY TRUST INC amended Limited Waiver to Credit Agreement with Oaktree Capital Management, L.P. (the Lenders) and Oaktree Fund Administration, LLC (Administrative Agent) valued at $30,000,000 aggregate limit (effective 2023-03-02).
“On March 2, 2023, Ashford Trust and the Borrower entered into that certain Limited Waiver to Credit Agreement (the “Limited Waiver to Credit Agreement”) with the guarantors party thereto, the Lenders party thereto and the Administrative Agent.”
Material Agreements
ASHFORD HOSPITALITY TRUST INC amended Advisory Agreement Limited Waiver with Ashford Hospitality Limited Partnership, Ashford TRS Corporation, Ashford Inc., and Ashford Hospitality Advisors LLC valued at $13,063,844 (effective 2023-03-02).
“On March 2, 2023, Ashford Hospitality Trust, Inc. (“Ashford Trust” or the “Company”) entered into a Limited Waiver Under Advisory Agreement (the “Advisory Agreement Limited Waiver”) with Ashford Hospitality Limited Partnership (the “Operating Partnership”), Ashford TRS Corporation (“TRS”), Ashford Inc. (“AINC”) and Ashford Hospitality Advisors LLC (together with AINC, the “Advisor”).”
Governance Changes
ASHFORD HOSPITALITY TRUST INC: Reduced the quorum requirement for the 2023 annual meeting from a majority to at least one-third of votes entitled to be cast (effective 2023-02-23).
“On February 23, 2023, Ashford Hospitality Trust, Inc. (the “Company”), by unanimous written consent of its board of directors, adopted Amendment No. 5 to the Second Amended and Restated Bylaws of the Company (the “Bylaw Amendment”) for purposes of reducing the quorum required solely for the 2023 annual meeting of the Company’s stockholders (the “Quorum Requirement”). The Bylaw Amendment reduced the Quorum Requirement solely for the 2023 annual meeting from a majority to at least one-third of all votes entitled to be cast at such meeting, as permitted under the Maryland General Corporation Law.”
Earnings Releases
ASHFORD HOSPITALITY TRUST INC reported financial results for the fourth quarter ended December 31, 2022.
“On February 21, 2023, Ashford Hospitality Trust, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter ended December 31, 2022.”
Earnings Releases
ASHFORD HOSPITALITY TRUST INC reported preliminary financial results for the fourth quarter of 2022.
“Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) reported today that the Company expects to report occupancy of approximately 68% for the fourth quarter of 2022 with an average daily rate of approximately $175 resulting in RevPAR of approximately $118.”
Earnings Releases
ASHFORD HOSPITALITY TRUST INC reported financial results for the third quarter ended September 30, 2022.
“On November 1, 2022, Ashford Hospitality Trust, Inc. (the “Company”) issued a press release announcing its financial results for the third quarter ended September 30, 2022.”
Jeremy Welter resigned as Chief Operating Officer at ASHFORD HOSPITALITY TRUST INC.
“Mr. Welter is also the Chief Operating Officer of Ashford Hospitality Trust, Inc. (the “Company”) and Braemar Hotels & Resorts Inc. (“Braemar”) and accordingly his service as Chief Operating Officer of each of the Company and Braemar will also end effective as of the Resignation Date.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.