ASHFORD HOSPITALITY TRUST (AHT) Company Report

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.

Jan 13, 2026, 2:48 AM

8-K

Ashford Hospitality Trust, Inc. Completes Sale of Le Pavillon Hotel

AHT

M&A

New Projects/Investments

On December 18, 2025, Ashford Hospitality Trust, Inc. completed the sale of the 226-room Le Pavillon hotel located in New Orleans, Louisiana.
The total consideration for the sale was approximately $41.3 million in cash, net of selling expenses , or $42.5 million in cash before customary pro-rations and adjustments.
As part of the transaction, the Company repaid the $37.0 million mortgage loan secured by the Le Pavillon.
Unaudited pro forma financial information reflecting the disposition has been prepared for the nine months ended September 30, 2025, and the year ended December 31, 2024.

Dec 23, 2025, 10:13 PM

8-K

Ashford Hospitality Trust, Inc. Establishes Series N Preferred Stock and Declares Shareholder Rights Plan

AHT

Dividends

Takeover Bid

Ashford Hospitality Trust, Inc. (AHT) has classified and designated 300,000 shares of Series N Junior Participating Preferred Stock.
The company declared a dividend of one preferred share purchase right for each outstanding share of common stock, with a record date of December 26, 2025. Each right allows the purchase of one one-thousandth of a Series N Preferred Stock share at a price of $20.00 per one one-thousandth of a share.
This Rights Agreement is designed to protect the company's Tax Benefits and defines an "Acquiring Person" as someone acquiring 4.99% or more of any class of Company Securities.
The Series N Preferred Stock is non-redeemable and carries substantial rights, including a minimum preferential quarterly dividend of the greater of $1.00 per share or 1,000 times the common stock dividend, and 1,000 votes per share. The Rights are scheduled to expire on December 14, 2026, unless redeemed or exchanged earlier.

Dec 16, 2025, 1:45 PM

8-K

Ashford Hospitality Trust Announces Agreements to Sell Three Assets

AHT

M&A

Ashford Hospitality Trust has signed definitive agreements to sell three hotel assets (Le Pavillon, New Orleans; Embassy Suites by Hilton Austin Arboretum; and Embassy Suites by Hilton Houston Near the Galleria) for an aggregate gross proceeds of approximately $69.5 million.
These sales are expected to generate over $2 million in annual cash flow improvement and $14.5 million in future capital expenditure savings.
The majority of the proceeds from these divestitures will be used to retire mortgage debt, which is part of the company's plan to deleverage and improve cash flow after debt service.
The sale of Le Pavillon is anticipated to close in December 2025, while the sale of the two Embassy Suites hotels is expected in January 2026.

Nov 20, 2025, 9:45 PM

Press Release

Ashford Hospitality Trust announces agreements to sell three hotel assets

AHT

M&A

Ashford Hospitality Trust, Inc. (AHT) has signed definitive agreements to sell three hotel assets for approximately $69.5 million in aggregate gross proceeds.
The assets being sold are Le Pavillon, New Orleans, for $42.5 million (expected to close in December 2025), and the Embassy Suites by Hilton Austin Arboretum and Embassy Suites by Hilton Houston Near the Galleria for $27.0 million (expected to close in January 2026).
These sales are projected to generate more than $2 million in annual cash flow improvement and $14.5 million in future capital expenditure savings for the company.
The majority of the proceeds from these sales will be deployed to retire mortgage debt, which is expected to improve cash flow after debt service and eliminate significant future capital expenditure obligations.

Nov 20, 2025, 9:23 PM

8-K

Ashford Hospitality Trust Reports Q3 2025 Results

AHT

Earnings

Guidance Update

M&A

For the third quarter of 2025, Ashford Hospitality Trust reported a net loss attributable to common stockholders of $(69.0) million, or $(11.35) per diluted share, and negative $(2.85) AFFO per diluted share.
The company achieved 2.0% comparable Hotel EBITDA growth and a 0.2% increase in comparable Total Revenue for Q3 2025, despite a 1.5% decrease in comparable Hotel RevPAR. The "GRO AHT" initiative contributed to a 46 basis point expansion in Hotel EBITDA margin.
Strategic dispositions included the sale of three properties for a combined blended cap rate of 5.3% on trailing 12-months net operating income, which is expected to improve annualized cash flow after debt service by approximately $2 million and save $36 million in projected capital expenditures. The company is also marketing 8 additional assets for sale.
Ashford Hospitality Trust anticipates spending between $70-$80 million on capital expenditures for 2025 and does not expect to reinstate a common dividend in 2025.

Nov 5, 2025, 6:46 PM

8-K

Ashford Hospitality Trust Reports Q3 2025 Net Loss and Operational Growth

AHT

Earnings

M&A

Guidance Update

Ashford Hospitality Trust reported a net loss attributable to common stockholders of $69 million, or $11.35 per diluted share, and negative $2.85 AFFO per diluted share for Q3 2025.
The company achieved 2% comparable hotel EBITDA growth and a 46 basis point expansion in hotel EBITDA margin in Q3 2025, driven by the GROW-AHT initiative despite a 1.5% decrease in comparable hotel RevPAR.
Ashford Hospitality Trust completed $75 million in asset dispositions (Hilton Houston NASA Clear Lake, Residence Inn Evansville, and Residence Inn San Diego Sorrento Mesa), which are expected to improve annualized cash flow after debt service by approximately $2 million and save $36 million in future capital expenditures. The company also refinanced the Renaissance Nashville, saving $2-$3 million per year in interest expense, and has $2.6 billion in loans, with 95% floating rate.
The company anticipates $70 million to $80 million in capital expenditures for 2025 and expects significant benefits from potential interest rate cuts, with each 25 basis point cut saving over $6 million annually. Additionally, 42% of the portfolio's room count is in 2026 FIFA World Cup host cities, anticipating a demand surge.

Nov 5, 2025, 4:00 PM

Transcript

Ashford Hospitality Trust Reports Q3 2025 Results

AHT

Earnings

M&A

Debt Issuance

Ashford Hospitality Trust reported a net loss attributable to common stockholders of $(69.0) million or $(11.35) per diluted share for the third quarter ended September 30, 2025.
For Q3 2025, the company's Adjusted EBITDAre was $45.4 million and Adjusted funds from operations (AFFO) was $(2.85) per diluted share.
Comparable Hotel EBITDA grew by 2.0% to $68.9 million in Q3 2025, although Comparable RevPAR decreased 1.5% to $128.
As of September 30, 2025, the company had total loans of $2.6 billion with a blended average interest rate of 8.0%, and approximately 95% of its consolidated debt is floating rate.
During the quarter, the company completed the sale of two non-core assets for a combined $33 million and signed an agreement to sell another for $42.0 million, which was completed in October 2025, as part of its strategy to deleverage the portfolio.

Nov 4, 2025, 9:18 PM

8-K

Ashford Hospitality Trust Completes Sale of Residence Inn San Diego

AHT

M&A

Ashford Hospitality Trust, Inc. completed the sale of the 150-room Residence Inn Sorrento Mesa in San Diego, California, on October 15, 2025.
The total consideration for the sale was $42 million in cash, subject to customary pro-rations and adjustments.
Approximately $41.3 million of the proceeds was paid to the mortgage lender, with 90% allocated toward loan repayment and 10% classified as restricted cash for loan reserves.
The 8-K filing includes unaudited pro forma financial information for the six months ended June 30, 2025, and the year ended December 31, 2024, reflecting the disposition.