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Ashford Hospitality Trust Inc (AHT)

AHT on New York Consolidated

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17 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Ashford Trust prices public offering of preferred stock
Wednesday, 16 Aug 2017 06:55pm EDT 

Aug 16 (Reuters) - Ashford Hospitality Trust Inc :Ashford Trust prices public offering of preferred stock.Says public offering of 3.40 million shares priced at $25.00 per share.  Full Article

Ashford Trust Q2 ‍AFFO $0.52 per share​
Thursday, 3 Aug 2017 04:15pm EDT 

Aug 3 (Reuters) - Ashford Hospitality Trust Inc :Ashford Trust reports second quarter 2017 results.Ashford Hospitality Trust Inc qtrly ‍comparable RevPAR for all hotels not under renovation increased 1.4%​.Ashford Hospitality Trust Inc - ‍net loss attributable to common stockholders was $0.8 million or $0.01 per diluted share for quarter​.Ashford Hospitality Trust Inc - ‍comparable RevPAR for all hotels increased 0.5% to $134.11 during quarter​.Ashford Hospitality Trust Inc qtrly ‍affo $0.52 per diluted share​.Ashford Hospitality Trust Inc - ‍comparable RevPAR for all hotels not under renovation increased 1.4% to $134.59 during quarter​.  Full Article

Ashford to buy stake in co that conducts business of J&S audio visual
Tuesday, 25 Jul 2017 04:30pm EDT 

July 25 (Reuters) - Ashford Inc :Ashford - to buy controlling interest in privately held co that conducts business of J&S audio visual in United States, Mexico, and Dominican Republic​.Ashford Inc - deal for ‍approximately $17.1 million in cash and $4.3 million of Ashford common stock consideration​.Company expects to finance investment with a term loan of approximately $12 million.Ashford Inc - ‍after giving effect to transaction, Ashford will own approximately an 85% interest in common equity of J&S​.Ashford Inc - ‍expects J&S to initially contribute approximately $1.77 to its adjusted net income per diluted share​.  Full Article

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

BRIEF-Ashford Hospitality says intends to redeem all of its issued and outstanding shares

* Ashford Hospitality - intends to redeem all of its issued and outstanding shares of 8.55 percent series A cumulative preferred stock