Ashford Hospitality Trust Files 8-K
Ticker: AHT-PG · Form: 8-K · Filed: Apr 29, 2024 · CIK: 1232582
| Field | Detail |
|---|---|
| Company | Ashford Hospitality Trust Inc (AHT-PG) |
| Form Type | 8-K |
| Filed Date | Apr 29, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $8.1 million, $95,300, $180.7 million, $174.4 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: sec-filing, 8-k, regulation-fd
Related Tickers: AHT
TL;DR
AHT filed an 8-K on 4/29 for events on 4/26 - check for updates.
AI Summary
Ashford Hospitality Trust, Inc. filed an 8-K on April 29, 2024, reporting on events that occurred on April 26, 2024. The filing includes information related to Regulation FD Disclosure and Financial Statements and Exhibits. Specific details regarding financial performance or significant transactions are not elaborated in the provided text.
Why It Matters
This filing indicates that Ashford Hospitality Trust is providing updates to the SEC, which could contain material information for investors regarding the company's financial status or regulatory compliance.
Risk Assessment
Risk Level: low — The provided text is a standard SEC filing notification and does not contain specific financial or operational risks.
Key Players & Entities
- ASHFORD HOSPITALITY TRUST INC (company) — Registrant
- April 29, 2024 (date) — Report Date
- April 26, 2024 (date) — Earliest Event Date
- 14185 Dallas Parkway, Suite 1200 (address) — Company Business Address
- Dallas, Texas 75254 (address) — Company Business Address
FAQ
What is the primary purpose of this 8-K filing?
This 8-K filing serves as a Current Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, reporting on events that occurred on April 26, 2024, and filed as of April 29, 2024.
What are the main items disclosed in this filing?
The filing indicates disclosures related to Regulation FD (Fair Disclosure) and Financial Statements and Exhibits.
What is the company's legal jurisdiction and fiscal year end?
Ashford Hospitality Trust, Inc. is incorporated in Maryland and its fiscal year ends on December 31.
What is the company's SEC file number and IRS employer identification number?
The SEC file number is 001-31775 and the IRS employer identification number is 86-1062192.
Where is Ashford Hospitality Trust, Inc. located?
The company's business and mailing address is 14185 Dallas Parkway, Suite 1200, Dallas, Texas 75254.
Filing Stats: 776 words · 3 min read · ~3 pages · Grade level 13.6 · Accepted 2024-04-26 20:01:49
Key Financial Figures
- $8.1 million — mpton Inn in Lawrenceville, Georgia for $8.1 million ($95,300 per key). The sale price repre
- $95,300 — awrenceville, Georgia for $8.1 million ($95,300 per key). The sale price represented a
- $180.7 million — ol of the hotel properties securing the $180.7 million KEYS A Loan Pool and the $174.4 million
- $174.4 million — $180.7 million KEYS A Loan Pool and the $174.4 million KEYS B Loan Pool to a court-appointed r
Filing Documents
- aht-20240429.htm (8-K) — 37KB
- ahtupdate4-29pr.htm (EX-99.1) — 15KB
- image_1aa.jpg (GRAPHIC) — 194KB
- 0001232582-24-000055.txt ( ) — 507KB
- aht-20240429.xsd (EX-101.SCH) — 3KB
- aht-20240429_def.xml (EX-101.DEF) — 17KB
- aht-20240429_lab.xml (EX-101.LAB) — 31KB
- aht-20240429_pre.xml (EX-101.PRE) — 18KB
- aht-20240429_htm.xml (XML) — 7KB
01 REGULATION FD DISCLOSURE
ITEM 7.01 REGULATION FD DISCLOSURE. On April 29, 2024, Ashford Hospitality Trust, Inc. (the "Company") issued a press release announcing that it has closed on the sale of the 85-room Hampton Inn in Lawrenceville, Georgia for $8.1 million ($95,300 per key). The sale price represented a 6.0% capitalization rate on trailing 12-month net operating income through March 2024. All of the net proceeds from the sale will be used for general corporate purposes including paying down the Company's strategic financing. The Company also announced the transfer of the Company's possession and control of the hotel properties securing the $180.7 million KEYS A Loan Pool and the $174.4 million KEYS B Loan Pool to a court-appointed receiver. The Company has been fully cooperating with the servicer for a consensual foreclosure or deed in lieu of foreclosure on these properties since July 2023. As a result of the transfer, the Company has no further economic interest in the operations of these hotels: KEYS A Loan Pool Hotels : Courtyard Columbus Tipton Lakes – Columbus, IN Courtyard Old Town – Scottsdale, AZ Residence Inn Hughes Center – Las Vegas, NV Residence Inn Phoenix Airport – Phoenix, AZ Residence Inn San Jose Newark – Newark, CA SpringHill Suites Manhattan Beach – Hawthorne, CA SpringHill Suites Plymouth Meeting – Plymouth Meeting, PA KEYS B Loan Pool Hotels : Courtyard Basking Ridge – Basking Ridge, NJ Courtyard Newark Silicon Valley – Newark, CA Courtyard Oakland Airport – Oakland, CA Courtyard Plano Legacy Park – Plano, TX Residence Inn Plano – Plano, TX SpringHill Suites BWI Airport – Baltimore, MD TownePlace Suites Manhattan Beach – Hawthorne, CA A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. 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
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits Exhibit Number Description 99.1 Press Release of the Company, dated April 29, 2024 104 Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ASHFORD HOSPITALITY TRUST, INC. Dated: April 29, 2024 By: /s/ Alex Rose Alex Rose Executive Vice President, General Counsel & Secretary