Ashford Hospitality Trust Files 8-K
Ticker: AHT-PG · Form: 8-K · Filed: Jun 3, 2024 · CIK: 1232582
| Field | Detail |
|---|---|
| Company | Ashford Hospitality Trust Inc (AHT-PG) |
| Form Type | 8-K |
| Filed Date | Jun 3, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $87 million, $8.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financials, regulation-fd
Related Tickers: AHT
TL;DR
Ashford Hospitality Trust filed an 8-K on 5/31/24 regarding material agreements and financials.
AI Summary
On May 31, 2024, Ashford Hospitality Trust, Inc. entered into a material definitive agreement related to its preferred stock. The filing also includes Regulation FD disclosures and financial statements and exhibits.
Why It Matters
This filing provides updates on material agreements and financial information for Ashford Hospitality Trust, Inc., which could impact investor decisions.
Risk Assessment
Risk Level: low — The filing is a standard 8-K report detailing material agreements and financial information without immediate, significant negative or positive news.
Key Players & Entities
- Ashford Hospitality Trust, Inc. (company) — Registrant
- May 31, 2024 (date) — Date of earliest event reported
FAQ
What type of material definitive agreement did Ashford Hospitality Trust, Inc. enter into?
The filing indicates a material definitive agreement was entered into, but the specific details of the agreement are not provided in the summary text.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is May 31, 2024.
What other information is included in this 8-K filing besides the material definitive agreement?
The filing also includes Regulation FD disclosures and financial statements and exhibits.
Under which section of the Securities Exchange Act of 1934 is this report filed?
This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
What is the state of incorporation for Ashford Hospitality Trust, Inc.?
Ashford Hospitality Trust, Inc. is incorporated in Maryland.
Filing Stats: 758 words · 3 min read · ~3 pages · Grade level 12.5 · Accepted 2024-06-03 16:42:20
Key Financial Figures
- $87 million — Beach, Florida ("One Ocean Resort") for $87 million in cash, subject to customary pro-ratio
- $8.0 million — located in Manchester, Connecticut for $8.0 million and announcing that the Company has sig
Filing Documents
- tm2416282d1_8k.htm (8-K) — 41KB
- tm2416282d1_ex99-1.htm (EX-99.1) — 11KB
- tm2416282d1_ex99-1img001.jpg (GRAPHIC) — 6KB
- 0001104659-24-067823.txt ( ) — 301KB
- aht-20240531.xsd (EX-101.SCH) — 3KB
- aht-20240531_def.xml (EX-101.DEF) — 28KB
- aht-20240531_lab.xml (EX-101.LAB) — 38KB
- aht-20240531_pre.xml (EX-101.PRE) — 27KB
- tm2416282d1_8k_htm.xml (XML) — 9KB
01 Entry into
Item 1.01 Entry into a Material Definitive Agreement. On May 31, 2024, Ashford Atlantic Beach LP and Ashford TRS Atlantic Beach LLC, indirect wholly owned subsidiaries of Ashford Hospitality Trust, Inc. (the "Company"), entered into an Agreement of Purchase and Sale (the "One Ocean Agreement") with ACS One Ocean Propco LLC, as purchaser, for the sale of One Ocean Resort and Spa located in Atlantic Beach, Florida ("One Ocean Resort") for $87 million in cash, subject to customary pro-rations and adjustments. The sale of One Ocean Resort is expected to close in the second quarter of 2024, subject to customary closing conditions. The One Ocean Agreement contains terms, conditions, covenants, representations and warranties and indemnities from each of the respective parties that are customary and typical for a transaction of this nature. Several conditions to closing on the sale remain to be satisfied, and there can be no assurance that the sale transaction will be completed on the general terms described above or at all.
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On June 3, 2024, the Company issued a press release announcing that it has closed on the sale of the 90-room Courtyard located in Manchester, Connecticut for $8.0 million and announcing that the Company has signed a definitive agreement to sell the 193-room One Ocean Resort located in Atlantic Beach, Florida. The sale of One Ocean Resort is expected to be completed in the second quarter of 2024 and is subject to customary closing conditions. The Company also announced progress on its deleveraging plan. A copy of the press release is attached hereto as Exhibit 99.1. The information in this Item 7.01 of this Form 8-K and Exhibit 99.1 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.
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 June 3, 2024 104 Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101) SIGNATURE 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. Dated: June 3, 2024 ASHFORD HOSPITALITY TRUST, INC. By: /s/ Alex Rose Alex Rose Executive Vice President, General Counsel & Secretary