Key Developments: Ashford Hospitality Trust Inc (AHT)

AHT on New York Consolidated

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5 Mar 2015
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Latest Key Developments (Source: Significant Developments)

Ashford Hospitality Trust Inc completes acquisition of Marriott Memphis East
Thursday, 26 Feb 2015 08:00am EST 

Ashford Hospitality Trust Inc:Completes acquisition of the 232-room Marriott Memphis East hotel for total consideration of $43.5 mln in cash ($187,500 per key).Intends to finance the property with about $33.3 mln of non-recourse mortgage debt.  Full Article

Ashford Hospitality Trust Inc announces partial exercise of underwriter's option
Tuesday, 10 Feb 2015 04:05pm EST 

Ashford Hospitality Trust Inc:Says underwriter has exercised in part its option to purchase additional shares of common stock in connection with its previously announced offering of common stock.Underwriter exercised its option to purchase an additional 1,029,450 shares of common stock from the company at a price of $10.65 per share less the underwriting discount.In total, the company sold 10,529,450 shares of common stock.Robert W. Baird & Co. Incorporated served as sole underwriter for the offering.  Full Article

Ashford Hospitality Trust prices offering of 9.5 mln shares of common stock
Friday, 30 Jan 2015 09:36am EST 

Ashford Hospitality Trust, Inc:Says it has priced follow-on public offering of 9,500,000 shares of common stock at $10.65 per share.Company has granted the underwriter of offering 30-day option to purchase up to additional 1,425,000 shares of common stock.Settlement of offering is expected to occur on Feb. 4, 2015.Ashford Trust intends to use net proceeds of offering to fund portion of cost of pending acquisitions of Memphis Marriott East hotel, Lakeway Resort & Spa and joint venture partner's interest in PIM Highland JV and, any remaining funds.For general corporate purposes, including, without limitation, hotel-related investments, capital expenditures, working capital, and repayment of debt or other obligations.Robert W. Baird & Co. Incorporated served as sole underwriter for the offering.  Full Article

Ashford Hospitality Trust announces offering of 9.5 mln shares of common stock
Thursday, 29 Jan 2015 04:01pm EST 

Ashford Hospitality Trust Inc:Commences a follow-on public offering of 9,500,000 shares of common stock.Granted the underwriter of the offering a 30-day option to purchase up to an additional 1,425,000 shares of common stock.Intends to use the net proceeds of the offering to fund a portion of the cost of its pending acquisitions of the Memphis Marriott East hotel.  Full Article

Ashford Hospitality Trust Inc announces acquisition of Memphis Marriott East
Tuesday, 20 Jan 2015 08:00am EST 

Ashford Hospitality Trust Inc:Signed a definitive agreement to acquire the 232-room Memphis Marriott East hotel for total consideration of $43.5 million in cash ($187,500 per key).The acquisition is expected to close within the next 30 days.Upon closing, it will be managed by Remington Lodging.  Full Article

Ashford Hospitality Trust announces acquisition of Lakeway Resort
Monday, 12 Jan 2015 08:00am EST 

Ashford Hospitality Trust Inc:Signs definitive agreement to acquire the 168-room Lakeway Resort & Spa for a total consideration of $33.5 mln ($199,000 per key).The acquisition is expected to close within the next 30 days. Located in the thriving Austin, TX market, the hotel features about 24,000 square feet of meeting space (including 17 meeting rooms and four flexible ballrooms).Upon closing, the property will be managed by Remington Lodging.  Full Article

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

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