Key Developments: Ashford Hospitality Trust Inc (AHT)

AHT on New York Consolidated

10.59USD
19 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Ashford Hospitality Trust Inc declares quarterly cash dividend
Monday, 15 Dec 2014 08:00am EST 

Ashford Hospitality Trust Inc:Declares a quarterly cash dividend of $0.12 per diluted share for Q4 2014.Payable on Jan. 15, 2015, to shareholders of record as of Dec. 31.  Full Article

Ashford Hospitality Trust Completes Spin-Off of Ashford Inc
Wednesday, 12 Nov 2014 05:55pm EST 

Ashford Hospitality Trust Inc:Has completed the spin-off of Ashford Inc.Says starting Nov. 13, Ashford Inc. will trade on the NYSE MKT under the ticker symbol AINC and Ashford Trust's shares will continue to trade on the NYSE under the ticker symbol AHT.Ashford Trust completed the spin-off by distributing a pro-rata taxable dividend of Ashford Inc. common stock to Ashford Trust common stockholders of record as of the close of business of the NYSE on Nov. 11.  Full Article

Ashford Hospitality Trust Inc executives buy company assets on eve of proposed spin-off
Tuesday, 16 Sep 2014 08:35am EDT 

Ashford Hospitality Trust Inc:Says on Sept. 10, Ashford Hospitality Trust reported that it had sold 40 pct of Ashford Investment Management (AIM) to two insiders, including AHT's chairman and CEO, in off-market transaction for $1.1 million, according to UNITE HERE.  Full Article

Ashford Hospitality Trust Inc declares quarterly cash dividend
Monday, 15 Sep 2014 08:00am EDT 

Ashford Hospitality Trust Inc:Declared a quarterly cash dividend of $0.12 per diluted share for the third quarter ending Sept. 30.The dividend is payable on Oct. 15, to shareholders of record as of Sept. 30.  Full Article

Ashford Hospitality Trust Inc declares quarterly cash dividend
Thursday, 7 Aug 2014 04:05pm EDT 

Ashford Hospitality Trust Inc:Declares quarterly cash dividend of $0.05 per diluted share for the company's common stock for the second quarter ending June 30.Payable on July 15, to shareholders of record as of June 30.  Full Article

Ashford Trust completes acquisition of Fremont Marriott Silicon Valley
Wednesday, 6 Aug 2014 04:35pm EDT 

Ashford Hospitality Trust Inc:Announces that it has completed the previously-announced acquisition of the 357-room Fremont Marriott Silicon Valley hotel for a total consideration of $50 million ($140,000 per key), which is about 45 pct below estimated replacement cost.Transaction was funded with a combination of cash on hand and $37.5 million of non-recourse mortgage debt.  Full Article

Ashford Hospitality Trust Inc announces acquisition of Fremont Marriott
Tuesday, 15 Jul 2014 08:00am EDT 

Ashford Hospitality Trust Inc:Signed a definitive agreement to acquire the 357-room Fremont Marriott Silicon Valley hotel.The acquisition is expected to close within the next 30 days.Upon closing, the property will be managed by Remington Lodging.The company intends to finance the property with about $37.5 million of non-recourse mortgage debt.  Full Article

Ashford Hospitality Trust Inc declares dividends for second quarter of 2014
Friday, 13 Jun 2014 08:00am EDT 

Ashford Hospitality Trust Inc:Says that it has declared a quarterly cash dividend of $0.12 per diluted share for the company's common stock for the second quarter ending June 30, 2014.The dividend, which equates to an annual rate of $0.48 per share, is payable on July 15, 2014, to shareholders of record as of June 30, 2014.  Full Article

Ashford Hospitality Trust announces retirement of David Kimichik and names Deric Eubanks as chief financial officer
Wednesday, 14 May 2014 04:49pm EDT 

Ashford Hospitality Trust Inc:Announced that David Kimichik, Chief Financial Officer and Treasurer, will retire on June 13.Deric Eubanks will succeed David as Chief Financial Officer and Treasurer.  Full Article

Ashford Hospitality Trust Inc prices offering of 7.5 mln shares
Wednesday, 9 Apr 2014 09:04am EDT 

Ashford Hospitality Trust Inc:Priced its follow-on public offering of 7,500,000 shares at $10.70 per share.Company granted underwriters 30-day option to purchase up to an additional 1,125,000 shares.Settlement of offering is expected to occur on April 14.Use of net proceeds for general corporate purposes, including, without limitation, hotel-related investments, capital expenditures, working capital and repayment of debt or other obligations.BofA Merrill Lynch, Morgan Stanley, and Deutsche Bank Securities acted as the joint book-running managers.Baird, Credit Suisse, KeyBanc Capital Markets, and Stifel acted as senior co-managers.Cantor Fitzgerald & Co., Craig-Hallum Capital Group, JMP Securities, and MLV & Co. acted as co-managers.  Full Article

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