ASHFORD HOSPITALITY TRUST (AHT) Company Report

Ashford Hospitality Trust reported a net loss attributable to common stockholders of $(215.0) million or $(35.99) per diluted share for the full year 2025, and a net loss of $(78.3) million or $(12.33) per diluted share for Q4 2025.
The company's Board formed a Special Committee to evaluate strategic alternatives to maximize shareholder value, including a potential transaction, aiming to bridge the gap between the value of its underlying portfolio and the market value of its common stock.
AHT completed the sale of six hotels for approximately $145 million and announced agreements to sell three more hotels for a total of $194.5 million, while also marketing or negotiating transactions for 18 additional hotels.
The company announced a maturity default on its $325 million JPM8 mortgage loan, secured by 8 hotels, and extended its Highland mortgage loan in January 2026 after a $10 million paydown.
Despite industry headwinds, the portfolio delivered 2.4% growth in comparable Hotel EBITDA and 0.8% growth in comparable total revenues for the full year 2025, with GRO AHT initiatives contributing over $40 million in EBITDA improvement.

4 days ago

8-K

Ashford Hospitality Trust Reports Q4 and Full Year 2025 Results

AHT

Earnings

M&A

Demand Weakening

Ashford Hospitality Trust reported a net loss attributable to common stockholders of $78.3 million or $12.33 per diluted share for Q4 2025, and a full-year 2025 net loss of $215 million or $35.99 per diluted share. Adjusted EBITDAre for Q4 2025 was $40.4 million, and $221.3 million for the full year.
The company formed a special committee to evaluate strategic alternatives and completed the sale of six hotels for approximately $145 million. They also announced agreements to sell three additional hotels for a total of $194.5 million and are marketing or negotiating transactions for 18 more hotels. Additionally, a maturity default was announced on a $325 million JPM8 mortgage loan secured by 8 hotels.
Despite industry headwinds, the portfolio achieved 2.4% growth in comparable hotel EBITDA and 0.8% growth in total revenue for the full year 2025, with hotel EBITDA margin expanding by over 40 basis points. The GRO AHT initiatives contributed over $40 million in EBITDA improvement in 2025.
The company holds $2.6 billion in loans with a blended average interest rate of 7.7%, with 95% of this debt being floating rate. Capital expenditures for 2025 totaled approximately $71 million, with an anticipated spend of $90 million to $110 million for 2026.

4 days ago

Transcript

Ashford Hospitality Trust Reports Q4 and Full Year 2025 Results, Details Strategic Dispositions and Debt Default

AHT

Earnings

M&A

Debt Issuance

Ashford Hospitality Trust reported a net loss attributable to common stockholders of $78.3 million or $12.33 per diluted share for Q4 2025, and a full-year net loss of $215 million or $35.99 per diluted share.
The company formed a special committee to evaluate strategic alternatives and has been actively pursuing dispositions, completing sales of six hotels for $145 million and announcing agreements to sell three more for $194.5 million.
The GRO AHT initiatives contributed over $40 million in EBITDA improvement for 2025, and the company anticipates spending between $90 million and $110 million on capital expenditures in 2026.
The company also announced a maturity default on its $325 million JPM8 mortgage loan secured by 8 hotels.

4 days ago

Transcript

Ashford Hospitality Trust Reports Q4 and Full Year 2025 Results, Pursues Strategic Alternatives and Asset Dispositions

AHT

Earnings

M&A

Ashford Hospitality Trust reported a net loss attributable to common stockholders of $78.3 million or $12.33 per diluted share for Q4 2025, and a full-year net loss of $215 million or $35.99 per diluted share. Full-year Adjusted EBITDAre was $221.3 million.
A special committee was formed in early December 2025 to evaluate strategic alternatives to maximize shareholder value.
The company completed the sale of six hotels for $145 million and announced agreements to sell three more for a combined $194.5 million, with proceeds primarily used to pay down mortgage debt and eliminate anticipated capital expenditures. The company is also marketing or negotiating transactions for 18 additional hotels.
The GRO AHT initiatives contributed over $40 million in EBITDA improvement in 2025, with full-year hotel EBITDA increasing 2.4% and hotel EBITDA margin expanding by over 40 basis points.
The company announced a maturity default on its $325 million JPM8 mortgage loan secured by eight hotels and extended its Highland mortgage loan in January 2026 by paying down $10 million to $723.6 million.

4 days ago

Transcript

Ashford Hospitality Trust Reports Q4 and Full Year 2025 Results

AHT

Earnings

M&A

Debt Issuance

Ashford Trust reported a net loss attributable to common stockholders of $(78.3) million or $(12.33) per diluted share for the fourth quarter ended December 31, 2025, and $(215.0) million or $(35.99) per diluted share for the full year 2025.
Adjusted EBITDAre was $40.4 million for Q4 2025 and $221.3 million for the full year 2025, with Comparable RevPAR decreasing 1.8% to $123 in Q4 2025 and 0.7% to $132 for the full year 2025.
The company's Board of Directors formed a Special Committee to evaluate strategic alternatives to maximize shareholder value, and it signed definitive agreements to sell three hotels expected to generate approximately $69.5 million in aggregate gross proceeds.
As of December 31, 2025, Ashford Trust had cash and cash equivalents of $66.8 million, restricted cash of $149.6 million, and net working capital of $103.2 million.

5 days ago

8-K

Ashford Hospitality Trust Announces Multiple Hotel Sales and Closings

AHT

M&A

Ashford Hospitality Trust (AHT) has entered into definitive agreements to sell La Posada de Santa Fe Resort & Spa for $57.5 million and Hilton St. Petersburg Bayfront for $96 million, with both sales expected to close in March 2026.
The company successfully closed on the sales of two previously announced properties, Embassy Suites by Hilton Houston Near the Galleria and Embassy Suites by Hilton Austin Arboretum, generating $27 million in gross proceeds.
These strategic transactions are part of the company's ongoing strategy to deleverag, increase liquidity, and improve cash flow, primarily by using proceeds to retire debt.
Together, these four sales are expected to contribute to more than $2 million in annual cash flow improvement and $55.5 million in future capital expenditure savings.

7 days ago

Press Release

Ashford Hospitality Trust completes sale of Embassy Suites Austin

AHT

M&A

Ashford Hospitality Trust, Inc. (AHT) completed the sale of the 150-room Embassy Suites Austin in Austin, Texas, on February 17, 2026.
The total consideration for the sale was approximately $13.2 million in cash, net of selling expenses.
Approximately $13.0 million was paid to the mortgage lender associated with the property.
Unaudited pro forma financial information for the nine months ended September 30, 2025, and the year ended December 31, 2024, was provided to reflect the disposition.

Feb 20, 2026, 9:56 PM

8-K

Ashford Hospitality Trust Completes Sale of Embassy Suites Houston

AHT

M&A

Ashford Hospitality Trust, Inc. completed the sale of the 150-room Embassy Suites Houston on February 9, 2026.
The sale generated approximately $13.1 million in cash, net of selling expenses, and the company paid approximately $12.9 million to the mortgage lender.
Unaudited pro forma financial information has been prepared for the nine months ended September 30, 2025, and the year ended December 31, 2024, to reflect the removal of the hotel's assets, liabilities, and operations.
This pro forma information for the year ended December 31, 2024, includes an estimated non-recurring gain on the disposition of $4,937 thousand.

Feb 12, 2026, 9:35 PM

8-K

Ashford Hospitality Trust Extends Highland Loan and Suspends Preferred Dividends

AHT

Dividends

Debt Issuance

Ashford Hospitality Trust (AHT) announced the extension of its Highland mortgage loan, which was paid down by $10 million to a current balance of $723.6 million, with a new final maturity date of July 9, 2026.
To preserve liquidity, the company suspended preferred dividends, including those previously declared for recordholders as of December 31, 2025, and payable on January 15, 2026.
The company intends to pay these previously declared but unpaid dividends as soon as reasonably practicable and will continue to evaluate potential future dividends on a quarterly basis.

Jan 13, 2026, 1:00 PM

Press Release

Ashford Hospitality Trust Extends Loan and Suspends Preferred Dividends

AHT

Dividends

Ashford Hospitality Trust, Inc. (AHT) announced the extension of its Highland mortgage loan, secured by 18 hotels, with a new final maturity date of July 9, 2026.
As a condition for the extension, the loan was paid down by $10 million, resulting in a current balance of $723.6 million, which is approximately 65% of the appraised value.
To preserve liquidity, AHT has suspended preferred dividends, including those previously declared for recordholders of Series D, F, G, H, I, J, K, L and M preferred stock as of December 31, 2025, which were payable on January 15, 2026.
The company intends to pay these previously declared but unpaid dividends as soon as reasonably practicable and will continue to evaluate potential future dividends on a quarterly basis.