Ashford Hospitality Trust Enters Material Definitive Agreement

TL;DR

AHT signed a big deal on Dec 3rd. Details TBD.

AI Summary

On December 3, 2024, Ashford Hospitality Trust, Inc. entered into a material definitive agreement. The filing does not specify the nature of the agreement or any associated dollar amounts or specific parties involved beyond the registrant itself.

Why It Matters

This filing indicates a significant new contract or partnership for Ashford Hospitality Trust, which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — The lack of specific details in the filing regarding the material definitive agreement introduces uncertainty about its potential impact on the company.

Key Players & Entities

• Ashford Hospitality Trust, Inc. (company) — Registrant
• December 3, 2024 (date) — Date of earliest event reported
• Maryland (jurisdiction) — State of incorporation

FAQ

Key Financial Figures

• $123.0 million — wn located in Boston, Massachusetts for $123.0 million in cash, subject to customary pro-ratio
• $2.0 million — chaser made a non-refundable deposit of $2.0 million (the "Deposit"). The sale is expected t

Filing Documents

• aht-20241203.htm (8-K) — 34KB
• 0001232582-24-000155.txt ( ) — 218KB
• aht-20241203.xsd (EX-101.SCH) — 3KB
• aht-20241203_def.xml (EX-101.DEF) — 17KB
• aht-20241203_lab.xml (EX-101.LAB) — 31KB
• aht-20241203_pre.xml (EX-101.PRE) — 18KB
• aht-20241203_htm.xml (XML) — 7KB

01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. On November 27, 2024, HH FP Portfolio LLC, an indirect wholly owned subsidiary of Ashford Hospitality Trust, Inc. (the "Company"), entered into an Agreement of Purchase and Sale (the "Agreement") with 275 Tremont Owner, LLC, as purchaser (the "Purchaser"), to sell the Courtyard Boston Downtown located in Boston, Massachusetts for $123.0 million in cash, subject to customary pro-rations and adjustments (the "Purchase Price"). On December 3, 2024, the Purchaser made a non-refundable deposit of $2.0 million (the "Deposit"). The sale is expected to be completed in January 2025 and is subject to normal closing conditions. If the transaction closes as contemplated, the Deposit will be applied to the Purchase Price. The 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. Cautionary Note Regarding Forward-Looking Statements Certain statements and assumptions in this current report on Form 8-K contain or are based upon "forward-looking" information and are being made pursuant to the safe harbor provisions of the federal securities regulations. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "may," "will," "should," "potential," "intend," "expect," "anticipate," "estimate," "approximately," "believe," "could," "project," "predict," or other similar words or expressions. Additionally, statements regarding the following subjects are forward-looking by their nature: our business and investment strategy; anticipated or expected purchases, sales or dispositions of assets (including the expected completion date of the sale described herein); our

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: December 5, 2024 By: /s/ Alex Rose Alex Rose Executive Vice President, General Counsel & Secretary

View Full Filing

View this 8-K filing on SEC EDGAR