Ashford Hospitality Trust Inc (AHT) 5.43 $AHT
Ashford Hospitality (AHT) in Focus: Stock Jumps 5.3%
Zacks Equity Research - Zacks Investment Research - Mon Jun 20, 7:00AM CDT
Ashford Hospitality Trust, Inc. (AHT) was a big mover last session, as the company's shares rose over 5% on the day.
APLE: 18.49 (-0.24), AHT: 5.43 (-0.15)
Why Investments in REIT Stocks Can Be Risky
Zacks Equity Research - Zacks Investment Research - Wed Jun 15, 4:56PM CDT
Why Investments in REIT Stocks Can Be Risky
CBG: 27.31 (-2.70), RSO: 12.85 (-0.07), CLDT: 21.43 (-0.40), UDR: 34.75 (-0.45), SIR: 25.17 (-0.08), FPI: 10.93 (-0.20), CPT: 84.49 (-0.56), AHT: 5.43 (-0.15), RSE: 18.24 (-0.01), HTS: 15.98 (+0.15), AJX: 13.14 (-0.24), WPG: 10.68 (-0.31), MITT: 13.94 (-0.14), WAC: 3.16 (-0.20), WMC: 9.33 (-0.24), FCPT: 19.60 (-0.02)
REIT - Hotel/Motel Stocks Review -- LaSalle Hotel Properties, RLJ Lodging Trust, Ashford Hospitality Trust, and Apple Hospitality REIT
PR Newswire - Fri Jun 10, 7:05AM CDT
On Thursday, June 09, 2016, the NASDAQ Composite ended the trading session at 4,958.62, down 0.32%; the Dow Jones Industrial Average edged 0.11% lower to finish at 17,985.19; and the S&P 500 closed at 2,115.48, down 0.17%. ActiveWallSt.com has initiated coverage on the following equities: LaSalle Hotel Properties (NYSE: LHO), RLJ Lodging Trust (NYSE: RLJ), Ashford Hospitality Trust Inc. (NYSE: AHT), and Apple Hospitality REIT Inc. (NYSE: APLE). Learn more about these stocks by accessing their free trade alerts at:
APLE: 18.49 (-0.24), AHT: 5.43 (-0.15), LHO: 22.92 (-1.42), RLJ: 20.99 (-1.06)
New Strong Sell Stocks for June 7th
Swarup Gupta - Zacks Investment Research - Tue Jun 07, 8:34AM CDT
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List for Tuesday
JASO: 6.51 (-0.30), CPT: 84.49 (-0.56), AHT: 5.43 (-0.15), CQH: 19.70 (-0.26), CCE: 35.07 (-2.60)
Ashford Trust To Present At NAREIT's REITWeek 2016
PR Newswire - Mon Jun 06, 7:00AM CDT
Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company"
announced today that it will provide an online audio simulcast of its presentation to the investment community at REITWeek 2016: NAREIT's Investor Forum, to be held June 7-9 in New York City at the Waldorf Astoria. The presentation will take place on Wednesday, June 8, 2016, at 2:00 p.m. ET.
AHT: 5.43 (-0.15)
Noble Acquires 1,396-Room Marriott Hotel Portfolio
PR Newswire - Thu Jun 02, 5:56AM CDT
Noble Investment Group ("Noble" today announced that it has closed on the acquisition of a 1,396-room portfolio of Marriott branded select-service and extended stay hotels from Ashford Hospitality Trust (NYSE:AHT). Noble intends to make experience enhancing product investments throughout the portfolio to further augment revenue and market position.
AHT: 5.43 (-0.15)
Ashford Trust Completes Sale of 5-Hotel Select-Service Portfolio and Provides Update on Other Planned Sales
PR Newswire - Wed Jun 01, 3:15PM CDT
Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company" announced today that it has completed its previously-announced sale of a 5-hotel, 1,396-room portfolio of select-service hotels for $142 million in cash ($102,000 per key) to Noble Investment Group ("Noble". The 5-hotel portfolio is comprised of the 146-room Courtyard Edison in Edison, NJ; the 150-room Residence Inn Buckhead in Atlanta, GA; and the 312-room Courtyard Lake Buena Vista, 388-room Fairfield Inn Lake Buena Vista and 400-room Springhill Suites Lake Buena Vista in Orlando, FL.
AHT: 5.43 (-0.15)
New Strong Sell Stocks for May 31st
Swarup Gupta - Zacks Investment Research - Tue May 31, 8:27AM CDT
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List for Tuesday
ABAX: 44.75 (-2.36), ASB: 16.75 (-1.44), AHT: 5.43 (-0.15), CIT: 30.15 (-2.04), MATX: 33.10 (-1.05)
Ashford Hospitality Trust Taps OpenKey for Deployment of its Mobile Technology at Dallas Marriott Suites Medical/Market Center
BusinessWire - Wed May 25, 8:55AM CDT
Ashford Hospitality Trust, Inc. (NYSE:AHT), a real estate investment trust (REIT), has selected OpenKey's technology to provide mobile key entry, check-in capabilities and more at the Dallas Marriott Suites Medical/Market Center. Since its inception in 2014, OpenKey has rapidly become the industry standard for universal mobile key technology with a global hotel portfolio.
AHT: 5.43 (-0.15)
Sessa Capital Cautions Investors on Ashford Prime's Investor Presentation
BusinessWire - Mon May 16, 7:30AM CDT
Sessa Capital (Master), L.P. ("Sessa", owner of 8.2% of the outstanding common shares of Ashford Hospitality Prime, Inc. (NYSE:AHP) ("Ashford Prime" or the "Company", today warned Ashford Prime shareholders of the incumbent Ashford Prime directors' attempt to divert attention from what Sessa believes is the directors' responsibility for the destruction of shareholder value at Ashford Prime. Sessa charged that the incumbents are trying to redirect focus from their own track record to the investment returns at a different company, and, on top of that, using what Sessa believes are curious assumptions to generate the other company's track record.
AHT: 5.43 (-0.15), AHP: 14.52 (-0.24)
New Strong Sell Stocks for May 13th
Zacks Equity Research - Zacks Investment Research - Fri May 13, 9:48AM CDT
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List for Friday
AIXG: 6.02 (-0.24), BSTC: 37.21 (-1.66), AZZ: 57.23 (-2.87), ASB: 16.75 (-1.44), AHT: 5.43 (-0.15)
Ashford Hospitality Trust reports 1Q results
Automated Insights - Thu May 05, 6:31PM CDT
DALLAS (AP) _ Ashford Hospitality Trust Inc. (AHT) on Thursday reported a key measure of profitability in its first quarter. The results missed Wall Street expectations.
AHT: 5.43 (-0.15)
Ashford Trust Reports First Quarter 2016 Results
PR Newswire - Thu May 05, 3:15PM CDT
Ashford Hospitality Trust, Inc. (NYSE: AHT) ("the Company" or "Ashford Trust" today reported financial results and performance measures for the first quarter ended March 31, 2016. The performance measurements for Occupancy, Average Daily Rate (ADR), Revenue Per Available Room (RevPAR), and Hotel EBITDA are comparable assuming each of the hotel properties in the Company's hotel portfolio as of March 31, 2016 were owned as of the beginning of each of the periods presented. Unless otherwise stated, all reported results compare the first quarter ended March 31, 2016, with the first quarter ended March 31, 2015 (see discussion below). The reconciliation of non-GAAP financial measures is included in the financial tables accompanying this press release.
AHT: 5.43 (-0.15)
Ashford Reports First Quarter 2016 Results
PR Newswire - Thu May 05, 3:15PM CDT
Ashford (NYSE MKT: AINC) (the "Company" today reported the following results and performance measures for the first quarter ended March 31, 2016. For the first quarter, the Company has consolidated the financial position and operating results of the private investment funds managed by Ashford Investment Management. The financial impact from this consolidation is adjusted out of the Company's financials through the noncontrolling interests in consolidated entities line items on the Company's income statement and balance sheet. Unless otherwise stated, all reported results compare the first quarter ended March 31, 2016, with the first quarter ended March 31, 2015 (see discussion below). The reconciliation of non-GAAP financial measures is included in the financial tables accompanying this press release.
AHT: 5.43 (-0.15), AINC: 55.53 (-1.69), AHP: 14.52 (-0.24)
Ashford Trust Announces Planned Sale Of 5-Hotel Select-Service Portfolio
PR Newswire - Mon Apr 18, 5:55AM CDT
Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company" announced today that it has entered into a definitive agreement to sell a 5-hotel, 1,396-room portfolio of select-service hotels for $142 million in cash ($102,000 per key) to Noble Investment Group ("Noble". The portfolio is comprised of the 146-room Courtyard Edison in Edison, NJ; the 150-room Residence Inn Buckhead in Atlanta, GA; and the 312-room Courtyard Lake Buena Vista, 388-room Fairfield Inn Lake Buena Vista and 400-room Springhill Suites Lake Buena Vista in Orlando, FL. The three Orlando properties are managed by Marriott and the other two properties are managed by Remington Lodging.
AHT: 5.43 (-0.15)
Ashford Trust Sets First Quarter Earnings Release And Conference Call Dates
PR Newswire - Tue Apr 05, 10:30AM CDT
Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company" today announced details for the release of its results for the first quarter ended March 31, 2016.
AHT: 5.43 (-0.15)
Ashford Trust Declares Dividends For First Quarter Of 2016
PR Newswire - Mon Mar 14, 3:15PM CDT
Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company" announced today that its Board of Directors declared a quarterly cash dividend of $0.12 per diluted share for the Company's common stock for the first quarter ending March 31, 2016. The dividend, which equates to an annual rate of $0.48 per share, is payable on April 15, 2016, to shareholders of record as of March 31, 2016.
AHT: 5.43 (-0.15)
Downgrade Alert for Ashford Hospitality Trust (AHT)
Comtex SmarTrend(R) - Mon Feb 01, 7:15AM CST
Ashford Hospitality Trust (NYSE:AHT) was downgraded from Buy to Hold at Canaccord Genuity today. The stock closed yesterday at $5.56 on volume of 741,000 shares, below average daily volume of 961,000. Ashford Hospitality Trust is a self-advised real estate investment trust focusing on the lodging industry. The Company owns several hotel properties in primary, secondary, and resort markets throughout the United States.
AHT: 5.43 (-0.15)
Ashford Hospitality Trust Announces Tax Reporting Information For 2015 Common And Preferred Share Distributions
PR Newswire - Fri Jan 29, 5:52PM CST
Ashford Hospitality Trust, Inc. (NYSE: AHT) today announced the tax reporting (Federal Form 1099-DIV) information for the 2015 distributions on its common shares and its Series A, D, and E preferred shares.
AHT: 5.43 (-0.15), AHP: 14.52 (-0.24)
Ashford Trust refinances three mortgage loans
M2 - Thu Jan 28, 4:51AM CST
Ashford Hospitality Trust, Inc. (NYSE: AHT) has successfully refinanced three mortgage loans with existing balances of approximately USD268 million, the company said. The previous mortgage loans that were refinanced include: o USD91 million UBS 2 loan with a final maturity date in December 2015 o USD103 million Merrill 2 loan with a final maturity date in February 2016 o USD74 million Merrill 7 loan with a final maturity date in February 2016 o The new loan totals USD375 million and resulted in excess proceeds of approximately USD81 million after closing costs and reserves. The next hard debt maturity for the company is in April 2017. The company also announced that it is no longer marketing the 24-hotel select-service hotel portfolio as a single portfolio, but will instead pursue the sale of these assets in smaller groups and individually. Further, the company will pursue the opportunistic sales of its other 38 select-service hotels over time. This past quarter, the market for large portfolios of select-service assets changed, resulting in reduced bids that the company's management and board of directors believe does not capture the full portfolio value for shareholders. The refined sales process in the form of smaller portfolios and/or individual assets is expected to garner higher values in the current market environment. Previous mortgage loans were refinanced through one new mortgage loan pool with a two-year initial term and four one-year extension options, subject to the satisfaction of certain conditions. The loan is interest only and provides for a floating interest rate of LIBOR + 4.87 percent. The loan is secured by seventeen hotels. Through this refinancing, the SpringHill Suites Jacksonville is now unencumbered by debt. Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing opportunistically in the hospitality industry in upper upscale, full-service hotels.
AHT: 5.43 (-0.15)
Ashford Hospitality (AHT) in Focus: Stock Jumps 5.3%
Zacks Equity Research - Zacks Investment Research - Mon Jun 20, 7:00AM CDT
Ashford Hospitality Trust, Inc. (AHT) was a big mover last session, as the company's shares rose over 5% on the day.
APLE: 18.49 (-0.24), AHT: 5.43 (-0.15)
Why Investments in REIT Stocks Can Be Risky
Zacks Equity Research - Zacks Investment Research - Wed Jun 15, 4:56PM CDT
Why Investments in REIT Stocks Can Be Risky
CBG: 27.31 (-2.70), RSO: 12.85 (-0.07), CLDT: 21.43 (-0.40), UDR: 34.75 (-0.45), SIR: 25.17 (-0.08), FPI: 10.93 (-0.20), CPT: 84.49 (-0.56), AHT: 5.43 (-0.15), RSE: 18.24 (-0.01), HTS: 15.98 (+0.15), AJX: 13.14 (-0.24), WPG: 10.68 (-0.31), MITT: 13.94 (-0.14), WAC: 3.16 (-0.20), WMC: 9.33 (-0.24), FCPT: 19.60 (-0.02)
REIT - Hotel/Motel Stocks Review -- LaSalle Hotel Properties, RLJ Lodging Trust, Ashford Hospitality Trust, and Apple Hospitality REIT
PR Newswire - Fri Jun 10, 7:05AM CDT
On Thursday, June 09, 2016, the NASDAQ Composite ended the trading session at 4,958.62, down 0.32%; the Dow Jones Industrial Average edged 0.11% lower to finish at 17,985.19; and the S&P 500 closed at 2,115.48, down 0.17%. ActiveWallSt.com has initiated coverage on the following equities: LaSalle Hotel Properties (NYSE: LHO), RLJ Lodging Trust (NYSE: RLJ), Ashford Hospitality Trust Inc. (NYSE: AHT), and Apple Hospitality REIT Inc. (NYSE: APLE). Learn more about these stocks by accessing their free trade alerts at:
APLE: 18.49 (-0.24), AHT: 5.43 (-0.15), LHO: 22.92 (-1.42), RLJ: 20.99 (-1.06)
New Strong Sell Stocks for June 7th
Swarup Gupta - Zacks Investment Research - Tue Jun 07, 8:34AM CDT
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List for Tuesday
JASO: 6.51 (-0.30), CPT: 84.49 (-0.56), AHT: 5.43 (-0.15), CQH: 19.70 (-0.26), CCE: 35.07 (-2.60)
Ashford Trust To Present At NAREIT's REITWeek 2016
PR Newswire - Mon Jun 06, 7:00AM CDT
Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company"
announced today that it will provide an online audio simulcast of its presentation to the investment community at REITWeek 2016: NAREIT's Investor Forum, to be held June 7-9 in New York City at the Waldorf Astoria. The presentation will take place on Wednesday, June 8, 2016, at 2:00 p.m. ET. AHT: 5.43 (-0.15)
Noble Acquires 1,396-Room Marriott Hotel Portfolio
PR Newswire - Thu Jun 02, 5:56AM CDT
Noble Investment Group ("Noble"
today announced that it has closed on the acquisition of a 1,396-room portfolio of Marriott branded select-service and extended stay hotels from Ashford Hospitality Trust (NYSE:AHT). Noble intends to make experience enhancing product investments throughout the portfolio to further augment revenue and market position. AHT: 5.43 (-0.15)
Ashford Trust Completes Sale of 5-Hotel Select-Service Portfolio and Provides Update on Other Planned Sales
PR Newswire - Wed Jun 01, 3:15PM CDT
Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company"
announced today that it has completed its previously-announced sale of a 5-hotel, 1,396-room portfolio of select-service hotels for $142 million in cash ($102,000 per key) to Noble Investment Group ("Noble". The 5-hotel portfolio is comprised of the 146-room Courtyard Edison in Edison, NJ; the 150-room Residence Inn Buckhead in Atlanta, GA; and the 312-room Courtyard Lake Buena Vista, 388-room Fairfield Inn Lake Buena Vista and 400-room Springhill Suites Lake Buena Vista in Orlando, FL. AHT: 5.43 (-0.15)
New Strong Sell Stocks for May 31st
Swarup Gupta - Zacks Investment Research - Tue May 31, 8:27AM CDT
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List for Tuesday
ABAX: 44.75 (-2.36), ASB: 16.75 (-1.44), AHT: 5.43 (-0.15), CIT: 30.15 (-2.04), MATX: 33.10 (-1.05)
Ashford Hospitality Trust Taps OpenKey for Deployment of its Mobile Technology at Dallas Marriott Suites Medical/Market Center
BusinessWire - Wed May 25, 8:55AM CDT
Ashford Hospitality Trust, Inc. (NYSE:AHT), a real estate investment trust (REIT), has selected OpenKey's technology to provide mobile key entry, check-in capabilities and more at the Dallas Marriott Suites Medical/Market Center. Since its inception in 2014, OpenKey has rapidly become the industry standard for universal mobile key technology with a global hotel portfolio.
AHT: 5.43 (-0.15)
Sessa Capital Cautions Investors on Ashford Prime's Investor Presentation
BusinessWire - Mon May 16, 7:30AM CDT
Sessa Capital (Master), L.P. ("Sessa"
, owner of 8.2% of the outstanding common shares of Ashford Hospitality Prime, Inc. (NYSE:AHP) ("Ashford Prime" or the "Company", today warned Ashford Prime shareholders of the incumbent Ashford Prime directors' attempt to divert attention from what Sessa believes is the directors' responsibility for the destruction of shareholder value at Ashford Prime. Sessa charged that the incumbents are trying to redirect focus from their own track record to the investment returns at a different company, and, on top of that, using what Sessa believes are curious assumptions to generate the other company's track record. AHT: 5.43 (-0.15), AHP: 14.52 (-0.24)
New Strong Sell Stocks for May 13th
Zacks Equity Research - Zacks Investment Research - Fri May 13, 9:48AM CDT
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List for Friday
AIXG: 6.02 (-0.24), BSTC: 37.21 (-1.66), AZZ: 57.23 (-2.87), ASB: 16.75 (-1.44), AHT: 5.43 (-0.15)
Ashford Hospitality Trust reports 1Q results
Automated Insights - Thu May 05, 6:31PM CDT
DALLAS (AP) _ Ashford Hospitality Trust Inc. (AHT) on Thursday reported a key measure of profitability in its first quarter. The results missed Wall Street expectations.
AHT: 5.43 (-0.15)
Ashford Trust Reports First Quarter 2016 Results
PR Newswire - Thu May 05, 3:15PM CDT
Ashford Hospitality Trust, Inc. (NYSE: AHT) ("the Company" or "Ashford Trust"
today reported financial results and performance measures for the first quarter ended March 31, 2016. The performance measurements for Occupancy, Average Daily Rate (ADR), Revenue Per Available Room (RevPAR), and Hotel EBITDA are comparable assuming each of the hotel properties in the Company's hotel portfolio as of March 31, 2016 were owned as of the beginning of each of the periods presented. Unless otherwise stated, all reported results compare the first quarter ended March 31, 2016, with the first quarter ended March 31, 2015 (see discussion below). The reconciliation of non-GAAP financial measures is included in the financial tables accompanying this press release. AHT: 5.43 (-0.15)
Ashford Reports First Quarter 2016 Results
PR Newswire - Thu May 05, 3:15PM CDT
Ashford (NYSE MKT: AINC) (the "Company"
today reported the following results and performance measures for the first quarter ended March 31, 2016. For the first quarter, the Company has consolidated the financial position and operating results of the private investment funds managed by Ashford Investment Management. The financial impact from this consolidation is adjusted out of the Company's financials through the noncontrolling interests in consolidated entities line items on the Company's income statement and balance sheet. Unless otherwise stated, all reported results compare the first quarter ended March 31, 2016, with the first quarter ended March 31, 2015 (see discussion below). The reconciliation of non-GAAP financial measures is included in the financial tables accompanying this press release. AHT: 5.43 (-0.15), AINC: 55.53 (-1.69), AHP: 14.52 (-0.24)
Ashford Trust Announces Planned Sale Of 5-Hotel Select-Service Portfolio
PR Newswire - Mon Apr 18, 5:55AM CDT
Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company"
announced today that it has entered into a definitive agreement to sell a 5-hotel, 1,396-room portfolio of select-service hotels for $142 million in cash ($102,000 per key) to Noble Investment Group ("Noble". The portfolio is comprised of the 146-room Courtyard Edison in Edison, NJ; the 150-room Residence Inn Buckhead in Atlanta, GA; and the 312-room Courtyard Lake Buena Vista, 388-room Fairfield Inn Lake Buena Vista and 400-room Springhill Suites Lake Buena Vista in Orlando, FL. The three Orlando properties are managed by Marriott and the other two properties are managed by Remington Lodging. AHT: 5.43 (-0.15)
Ashford Trust Sets First Quarter Earnings Release And Conference Call Dates
PR Newswire - Tue Apr 05, 10:30AM CDT
Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company"
today announced details for the release of its results for the first quarter ended March 31, 2016. AHT: 5.43 (-0.15)
Ashford Trust Declares Dividends For First Quarter Of 2016
PR Newswire - Mon Mar 14, 3:15PM CDT
Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company"
announced today that its Board of Directors declared a quarterly cash dividend of $0.12 per diluted share for the Company's common stock for the first quarter ending March 31, 2016. The dividend, which equates to an annual rate of $0.48 per share, is payable on April 15, 2016, to shareholders of record as of March 31, 2016. AHT: 5.43 (-0.15)
Downgrade Alert for Ashford Hospitality Trust (AHT)
Comtex SmarTrend(R) - Mon Feb 01, 7:15AM CST
Ashford Hospitality Trust (NYSE:AHT) was downgraded from Buy to Hold at Canaccord Genuity today. The stock closed yesterday at $5.56 on volume of 741,000 shares, below average daily volume of 961,000. Ashford Hospitality Trust is a self-advised real estate investment trust focusing on the lodging industry. The Company owns several hotel properties in primary, secondary, and resort markets throughout the United States.
AHT: 5.43 (-0.15)
Ashford Hospitality Trust Announces Tax Reporting Information For 2015 Common And Preferred Share Distributions
PR Newswire - Fri Jan 29, 5:52PM CST
Ashford Hospitality Trust, Inc. (NYSE: AHT) today announced the tax reporting (Federal Form 1099-DIV) information for the 2015 distributions on its common shares and its Series A, D, and E preferred shares.
AHT: 5.43 (-0.15), AHP: 14.52 (-0.24)
Ashford Trust refinances three mortgage loans
M2 - Thu Jan 28, 4:51AM CST
Ashford Hospitality Trust, Inc. (NYSE: AHT) has successfully refinanced three mortgage loans with existing balances of approximately USD268 million, the company said. The previous mortgage loans that were refinanced include: o USD91 million UBS 2 loan with a final maturity date in December 2015 o USD103 million Merrill 2 loan with a final maturity date in February 2016 o USD74 million Merrill 7 loan with a final maturity date in February 2016 o The new loan totals USD375 million and resulted in excess proceeds of approximately USD81 million after closing costs and reserves. The next hard debt maturity for the company is in April 2017. The company also announced that it is no longer marketing the 24-hotel select-service hotel portfolio as a single portfolio, but will instead pursue the sale of these assets in smaller groups and individually. Further, the company will pursue the opportunistic sales of its other 38 select-service hotels over time. This past quarter, the market for large portfolios of select-service assets changed, resulting in reduced bids that the company's management and board of directors believe does not capture the full portfolio value for shareholders. The refined sales process in the form of smaller portfolios and/or individual assets is expected to garner higher values in the current market environment. Previous mortgage loans were refinanced through one new mortgage loan pool with a two-year initial term and four one-year extension options, subject to the satisfaction of certain conditions. The loan is interest only and provides for a floating interest rate of LIBOR + 4.87 percent. The loan is secured by seventeen hotels. Through this refinancing, the SpringHill Suites Jacksonville is now unencumbered by debt. Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing opportunistically in the hospitality industry in upper upscale, full-service hotels.
AHT: 5.43 (-0.15)
