Ashford Hospitality Trust INC 8-K filings

Ashford Hospitality Trust exchanged approximately 2.46 million shares of common stock for 135,002 shares of preferred stock through privately negotiated agreements.

Ashford Hospitality Trust reported progress in its deleveraging strategy through asset sales, refinancings, and a non-traded preferred stock offering, alongside solid second-quarter operating results.

Ashford Hospitality Trust reported a 1.6% increase in comparable RevPAR for the second quarter of 2024, alongside strategic asset sales aimed at debt reduction.

Ashford Hospitality Trust announced the declaration of dividends for its various series of preferred stock for the third quarter of 2024, payable in October 2024.

Ashford Hospitality Trust exchanged approximately 2.3 million shares of common stock for 136,835 shares of preferred stock through privately negotiated agreements between June 7 and July 2, 2024.

Ashford Hospitality Trust reports a preliminary 1.4% increase in comparable RevPAR for the second quarter of 2024, driven by an occupancy rate of approximately 75% and an average daily rate of approximately $200.

Ashford Hospitality Trust's CEO, J. Robison Hays, III, has resigned effective June 30, 2024, and entered into a 36-month consulting agreement with Ashford Inc.

Ashford Hospitality Trust finalized the sale of the One Ocean Resort & Spa for $85.6 million and has released pro forma financial statements reflecting the transaction.

Ashford Hospitality Trust has finalized the sale of the One Ocean Resort in Atlantic Beach, Florida for $87 million, with proceeds earmarked for debt reduction and general corporate purposes.

Ashford Hospitality Trust has amended its previous 8-K filing to include pro forma financial information following the sale of two hotels in Kennesaw, Georgia for $17.1 million.

Ashford Hospitality Trust has finalized the sale of two hotels in Kennesaw, Georgia, for a total of $17.5 million.

Ashford Hospitality Trust has closed the sale of a Courtyard hotel in Connecticut for $8 million and signed an agreement to sell the One Ocean Resort in Florida for $87 million, advancing its deleveraging strategy.

Ashford Hospitality Trust's amended 8-K filing details the final voting results from its 2024 Annual Meeting, including the re-election of all director nominees despite two not receiving a majority of votes.

Ashford Hospitality Trust held its annual meeting where seven director nominees were elected, and the board rejected the resignations of two directors who did not receive a majority of votes.

Ashford Hospitality Trust has successfully refinanced the mortgage loan for the Renaissance Hotel in Nashville, securing $267.2 million and freeing up the Westin Princeton for sale.

Ashford Hospitality Trust is making significant progress on its strategic corporate financing payoff plan through asset sales, refinancings, and non-traded preferred stock offerings, while also seeing positive trends in hotel operations.

Ashford Hospitality Trust reported a decrease in comparable RevPAR and a net income of $67.4 million for the first quarter of 2024, while making progress on strategic financing payoff through asset sales and capital raising.

Ashford Hospitality Trust has released preliminary estimates for Q1 2024, projecting net income attributable to common stockholders between $66.4 million and $68.4 million.

Ashford Hospitality Trust has sold a Hampton Inn for $8.1 million and transferred control of hotel properties securing two loan pools to a court-appointed receiver as part of its deleveraging plan.

Ashford Hospitality Trust's CEO, Rob Hays, will step down on June 30, 2024, and be succeeded by Stephen Zsigray, the current Senior Vice President of Corporate Finance & Strategy.

Ashford Hospitality Trust has finalized the sale of the Hilton Boston Back Bay for $171 million, using the proceeds to significantly reduce its strategic financing debt.

Ashford Hospitality Trust engaged Robert A. Stanger & Co., Inc. to provide an opinion on the liquidation value of its Series J and K Preferred Stock, concluding it to be $25.00 per share as of December 31, 2023.

Ashford Hospitality Trust declared dividends for its various series of preferred stock for the second quarter of 2024, payable in July.

Ashford Hospitality Trust reported a preliminary 1% decrease in comparable RevPAR for the first quarter of 2024, with occupancy at approximately 67% and an average daily rate of $191.

Ashford Hospitality Trust has finalized the sale of the Residence Inn Salt Lake City for $19.2 million, using all proceeds to pay down debt.

Ashford Hospitality Trust has amended its bylaws to reduce the quorum requirement for its 2024 annual meeting and remove age limitations for directors.

Ashford Hospitality Trust is prioritizing paying off its strategic corporate financing in 2024 through asset sales, debt refinancing, and a non-traded preferred stock offering, while reporting positive RevPAR growth in Q4 2023.

Ashford Hospitality Trust has entered into an agreement to sell the Hilton Boston Back Bay for $171 million as part of its plan to pay off strategic financing.

Ashford Hospitality Trust reported a net loss for the fourth quarter of 2023, while also showing growth in comparable RevPAR and outlining plans to address its strategic financing.

Ashford Hospitality Trust is planning to pay off its strategic financing by January 2026 through a combination of asset sales, mortgage debt refinancings, and a non-traded preferred capital offering.