ASHFORD HOSPITALITY TRUST, INC. (NYSE:AHT) Files An 8-K Results of Operations and Financial ConditionITEM 2.02RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On March 1, 2018, Ashford Hospitality Trust, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter ended December 31, 2017. A copy of the press release is attached hereto as Exhibit 99.1.
The information in this Form 8-K and Exhibits attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.
ITEM 9.01FINANCIAL STATEMENTS AND EXHIBITS.
(d)Exhibits
Exhibit NumberDescription
ASHFORD HOSPITALITY TRUST INC ExhibitEX-99.1 2 aht2017q4earningsrelease.htm EXHIBIT 99.1 Exhibit EXHIBIT 99.1NEWS RELEASEContact:Deric EubanksJordan JenningsJoe Calabrese Chief Financial OfficerInvestor RelationsFinancial Relations Board (972) 490-9600(972) 778-9487(212) 827-3772ASHFORD TRUST REPORTS FOURTH QUARTER AND YEAR END 2017 RESULTSComparable RevPAR Increased 3.9% for all Hotels in the 4th QuarterComparable RevPAR Increased 5.8% for all Hotels Not Under Renovation in the 4th QuarterAdjusted EBITDA Increased by 10% in the 4th QuarterAFFO Per Share Increased by 50% in the 4th QuarterCompleted Refinancings of 26 Hotels for a Total of $919 MillionApproximately $20 million of Expected Annual Savings from Capital Markets TransactionsDALLAS,…To view the full exhibit click here
About ASHFORD HOSPITALITY TRUST, INC. (NYSE:AHT)
Ashford Hospitality Trust, Inc. (Ashford), together with its subsidiaries, is an externally advised real estate investment trust (REIT). The Company operates through direct hotel investments segment. It is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership, its operating partnership. Its hotels are operated under the brands of Hilton, Hyatt, Marriott, Starwood and Intercontinental Hotels Group. The Company’s hotels portfolio is asset-managed by Ashford LLC. The Company is focused on direct hotel investments and it may invest in a range of lodging-related assets. Its investments may include direct hotel investments; mezzanine financing through origination or acquisition; first-lien mortgage financing through origination or acquisition, and sale-leaseback transactions.