Key Developments: Ashford Hospitality Trust Inc (AHT)

AHT on New York Consolidated

10.46USD
17 Apr 2014
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Latest Key Developments (Source: Significant Developments)

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

Ashford Hospitality Trust announces offering of 7 mln shares of common stock
Tuesday, 8 Apr 2014 04:05pm EDT 

Ashford Hospitality Trust Inc:Commences a follow-on public offering of 7 mln shares of common stock.Expects to grant the underwriters of the offering a 30-day option to purchase up to an additional 1,050,000 shares of common stock.Ashford Trust intends to use the net proceeds of the offering for general corporate purposes, including, without limitation, hotel-related investments, capital expenditures, working capital and repayment of debt or other obligations.BofA Merrill Lynch and Morgan Stanley are acting as the joint book-running managers for the offering.  Full Article

Ashford Hospitality Trust Inc declares dividends for Q1 2014
Monday, 17 Mar 2014 08:05am EDT 

Ashford Hospitality Trust Inc:Declares a quarterly cash dividend of $0.12 per diluted share for its common stock for Q1 2014.Declares a quarterly cash dividend of $0.5344 per diluted share for its 8.55 pct Series A cumulative preferred stock for Q1 2014.Declares a quarterly cash dividend of $0.5625 per diluted share for its 9.00 pct Series E cumulative preferred stock for the Q1 2014.Payment date April 15.Record date March 31.  Full Article

Ashford Hospitality Trust Inc completes sale of Pier House Resort And Spa
Monday, 3 Mar 2014 08:05am EST 

Ashford Hospitality Trust Inc:Completes the sale of the Pier House Resort and Spa to Ashford Hospitality Prime Inc.Sale for total consideration of $92.7 mln.  Full Article

Ashford Hospitality Trust Inc announces plan to spin-off asset management business as separate, publicly traded platform
Thursday, 27 Feb 2014 04:05pm EST 

Ashford Hospitality Trust Inc:Approves a plan to spin-off its asset management business into a separate publicly traded company in the form of a taxable distribution.Distribution is expected to be completed in the third quarter of 2014 and will be comprised of common stock in Ashford, Inc.A newly formed or successor company of the company's existing advisor subsidiary, Ashford Hospitality Advisors LLC, which currently advises Ashford Hospitality Prime, Inc. (.plans to file a listing application for Ashford Inc. with the NYSE or NYSE MKT Exchanges.In connection with the spin-off, it is anticipated that Ashford Inc. will enter into a 20-year advisory agreement to externally advise the company.In addition, Ashford Inc. will continue to externally advise Ashford Prime.  Full Article

Ashford Hospitality Trust Inc declares quarterly cash dividend
Monday, 16 Dec 2013 08:00am EST 

Ashford Hospitality Trust Inc:Says declared a quarterly cash dividend of $0.12 per diluted share for Q4 2013.Says the dividend is to be paid on Jan. 15, 2014 to shareholders of record as of Dec. 31.  Full Article

Ashford Hospitality Trust Inc Completes Spin-Off Of Ashford Prime
Tuesday, 19 Nov 2013 04:05pm EST 

Ashford Hospitality Trust, Inc (Ashford Trus or the Company) announced that it has completed the previously announced spin-off of Ashford Hospitality Prime, Inc (Ashford Prime). Starting November 20, 2013, Ashford Prime will trade on the New York Stock Exchange ("NYSE") under the ticker symbol "AHP," and Ashford Trust's shares of common stock will continue to trade on the NYSE under the ticker symbol "AHT."  Full Article

Ashford Hospitality Trust Inc Sets Record Date And Distribution Date For Spin-Off Of Ashford Hospitality Prime, Inc
Wednesday, 30 Oct 2013 10:06am EDT 

Ashford Hospitality Trust Inc announced that its Board of Directors has formally declared the distribution of shares of common stock of Ashford Hospitality Prime, Inc. (Ashford Prime), a wholly owned subsidiary of Ashford Trust. The distribution will consist of 100% of the common stock of Ashford Prime, which will be distributed to Ashford Trust shareholders. The spin-off will be completed through a pro-rata taxable dividend of Ashford Prime common stock on November 19, 2013 (the Distribution Date) to Ashford Trust stockholders of record (Ashford Trust Record Holders) as of the close of business of the New York Stock Exchange (NYSE) on November 8, 2013 (the Record Date). On the Distribution Date, each Ashford Trust stockholder will receive one share of Ashford Prime common stock for every five shares of Ashford Trust common stock held by such stockholder on the Record Date. Immediately following the spin-off, there will be approx 24.9 million shares of Ashford Prime common stock and partnership units outstanding. This will be comprised of approximately 16.1 million shares of Ashford Prime common stock and 8.8 million partnership units, which includes the partnership units issued to Ashford Trust reflecting its 20% ownership in Ashford Prime's operating partnership. The distribution of these shares will be made in book-entry form, which means that no physical share certificates will be issued.  Full Article

Ashford Hospitality Trust Inc Updates On Timing Of Ashford Prime Spin-off
Tuesday, 1 Oct 2013 11:49am EDT 

Ashford Hospitality Trust Inc announced an update to investors on the anticipated timing of the previously announced spin-off of Ashford Hospitality Prime, Inc. (Ashford Prime). The Company currently expects to complete the spin-off sometime during the fourth quarter of this year.  Full Article

Ashford Hospitality Trust Inc Declares Dividends For Third Quarter Of 2013
Friday, 13 Sep 2013 08:00am EDT 

Ashford Hospitality Trust, Inc announced that its Board of Directors declared a quarterly cash dividend of $0.12 per diluted share for the Company's common stock for the third quarter ending September 30, 2013. The dividend, which equates to an annual rate of $0.48 per share, is payable on October 15, 2013, to shareholders of record as of September 30, 2013.  Full Article

BRIEF-Ashford Prime to begin trading on New York Stock Exchange as independent company

Nov 19 - Ashford Hospitality Trust Inc : * Prime to begin trading on New York Stock Exchange as independent company * Source text for Eikon * Further company coverage

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