Edition:
United States

Ashford Hospitality Trust Inc (AHT.N)

AHT.N on New York Stock Exchange

6.39USD
23 Jun 2017
Change (% chg)

$0.04 (+0.63%)
Prev Close
$6.35
Open
$6.36
Day's High
$6.40
Day's Low
$6.34
Volume
361,569
Avg. Vol
229,242
52-wk High
$8.23
52-wk Low
$4.99

Latest Key Developments (Source: Significant Developments)

Ashford Trust plans to spend approximately $20 mln to renovate Renaissance Nashville facility
Wednesday, 10 May 2017 04:15pm EDT 

May 10 (Reuters) - Ashford Hospitality Trust Inc ::Ashford Trust announces redevelopment and acquisition of fee interest in conference facility at Renaissance Nashville.Says plans to spend approximately $20 million to renovate new meeting space.  Full Article

Ashford Hospitality-district court issued mandate on May 5 in lawsuit palm Beach Florida Hotel and office building LP V. Nantucket enterprises
Wednesday, 10 May 2017 06:48am EDT 

May 10 (Reuters) - Ashford Hospitality Trust Inc : :Ashford Hospitality-district court issued mandate on May 5 in lawsuit palm beach florida hotel and Office Building LP V. Nantucket Enterprises.Ashford Hospitality-court's mandate resulted in an estimated final judgment of approximately $14.4 million .Ashford Hospitality-estimates post-judgment interest to be about $1.8 million and increased its estimate of total loss related to reimbursement of legal fees.Ashford Hospitality-total amount of recorded loss is now about $17.0 million as of March 31 related to reimbursement of the plaintiff’s legal fees.Ashford Hospitality-total amount of recorded loss related to reimbursement resulted in additional accrual in 3 months ended March 31 of about $3.8 million.Ashford Hospitality-after revised estimate of loss related to legal fee, net loss attributable to stockholders was $0.39 for three months ended March 31.  Full Article

Ashford Trust reports Q1 adjusted FFO per share $0.32
Thursday, 4 May 2017 04:15pm EDT 

May 4 (Reuters) - Ashford Hospitality Trust Inc :Ashford Trust reports first quarter 2017 results.Says comparable revpar for all hotels increased 3.4% during quarter.Q1 adjusted FFO per share $0.32.Says comparable revpar for all hotels not under renovation increased 4.5% during quarter.Q1 FFO per share view $0.28 -- Thomson Reuters I/B/E/S.  Full Article

Ashford Hospitality Trust announces withdrawal of Felcor Lodging Trust merger proposal
Wednesday, 3 May 2017 08:00am EDT 

May 3 (Reuters) - Ashford Hospitality Trust Inc : :Ashford Hospitality Trust announces withdrawal of Felcor Lodging Trust merger proposal and preliminary proxy statement.Ashford Hospitality Trust - withdrawing preliminary proxy statement and proposed slate of seven independent directors for election to Felcor's board.Ashford Hospitality- determined there is no cost-effective, actionable path forward toward agreement,withdrawn its non-binding proposal for Felcor.Ashford Hospitality Trust - "Ashford Trust continues to believe that its offer would have been more attractive to shareholders than RLJ offer".Ashford Hospitality Trust Inc - company plans to liquidate its investment in Felcor stock over time.  Full Article

Ashford Hospitality Trust responds to Felcor Lodging Trust's acceptance of an alternative merger proposal
Tuesday, 25 Apr 2017 07:30am EDT 

April 25 (Reuters) - Ashford Hospitality Trust Inc :Ashford Hospitality Trust responds to Felcor Lodging Trust's acceptance of an alternative merger proposal.Says believes its offer would have been more attractive to shareholders than RLJ offer as it included 50 pct cash.Ashford Hospitality says is disappointed that Felcor board of directors decided not to meaningfully engage on recently revised offer.  Full Article

Land and Buildings comments on Ashford's offer to acquire Felcor Lodging Trust
Monday, 27 Feb 2017 09:00am EST 

Felcor Lodging Trust Inc : Land and Buildings comments on Ashford's offer to acquire Felcor Lodging Trust . Land and Buildings says owns 6.1% of Felcor's common stock . Land and Buildings says "has estimated Felcor's net asset value at $10.50 per share" . Land and Buildings Investment Management-Strongly believes "any offer by ashford should consist of at least nearly $5 per share of cash balances at Ashford" .Land and Buildings says "believe Ashford hospitality trust's offer announced last week for Felcor is woefully inadequate".  Full Article

Ashford Hospitality Trust Q4 adjusted FFO per share $0.16
Thursday, 23 Feb 2017 07:15pm EST 

Ashford Hospitality Trust Inc : Ashford trust reports fourth quarter and year end 2016 results . Q4 adjusted FFO per share $0.16 .Qtrly total revenue $341.7 million versus $352.9 million last year.  Full Article

Ashford Hospitality Trust quarterly adjusted FFO per share $0.16
Thursday, 23 Feb 2017 05:55pm EST 

Ashford Hospitality Trust Inc - : Quarterly adjusted FFO per share $0.16 .Q4 FFO per share view $0.24 -- Thomson Reuters I/B/E/S.  Full Article

Ashford Hospitality offers to buy FelCor
Tuesday, 21 Feb 2017 04:15pm EST 

Ashford Inc - : Ashford Inc confirms support for proposed acquisition of FelCor Lodging Trust by Ashford Hospitality Trust . Says supports non-binding proposal of Ashford Hospitality Trust to acquire FelCor Lodging Trust .Says board of Ashford has authorized Ashford to participate in transaction on terms outlined in Ashford trust's letter to Felcor.  Full Article

Felcor Lodging Trust responds to Ashford Hospitality Trust's unsolicited proposal
Tuesday, 21 Feb 2017 11:25am EST 

Felcor Lodging Trust Inc : Felcor Lodging Trust responds to Ashford Hospitality Trust's unsolicited proposal . "company has engaged with AHT since last fall; unable to reach mutually beneficial terms" . Felcor acknowledged receipt of AHT's intent to nominate seven directors for nomination at company's next annual meeting . "Felcor shareholders need take no action at this time" . Felcor board will review AHT's proposal of Feb 21, 2017, together with its financial, legal advisors, respond as appropriate . Felcor board of directors will review AHT's nominees and make a recommendation to shareholders in due course .Proposal follows several months in which co engaged with AHT to explore possibility that mutually deal could be reached.  Full Article

More From Around the Web

BRIEF-Ashford Hospitality-district court issued mandate on May 5 in lawsuit palm Beach Florida Hotel and office building LP V. Nantucket enterprises

* Ashford Hospitality-district court issued mandate on May 5 in lawsuit palm beach florida hotel and Office Building LP V. Nantucket Enterprises