Ashford Hospitality Trust Files 8-K
Ticker: AHT-PG · Form: 8-K · Filed: Feb 12, 2025 · CIK: 1232582
| Field | Detail |
|---|---|
| Company | Ashford Hospitality Trust Inc (AHT-PG) |
| Form Type | 8-K |
| Filed Date | Feb 12, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $580 million, $438.7 million, $72 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-reporting, preferred-stock, exhibits
Related Tickers: AHT
TL;DR
AHT filed an 8-K on Feb 12, 2025, detailing financial statements and preferred stock info.
AI Summary
Ashford Hospitality Trust, Inc. filed an 8-K on February 12, 2025, reporting on its financial statements and exhibits. The filing pertains to its common stock and preferred stock series D, F, G, H, and I. The company is incorporated in Maryland and its fiscal year ends on December 31.
Why It Matters
This filing provides an update on Ashford Hospitality Trust's financial reporting and capital structure, including details on its various preferred stock series.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of financial statements and exhibits, not indicating any immediate operational or financial distress.
Key Players & Entities
- Ashford Hospitality Trust, Inc. (company) — Registrant
- February 12, 2025 (date) — Filing Date
- Maryland (jurisdiction) — State of Incorporation
- Series D Preferred Stock (security) — Financial Instrument
- Series F Preferred Stock (security) — Financial Instrument
- Series G Preferred Stock (security) — Financial Instrument
- Series H Preferred Stock (security) — Financial Instrument
- Series I Preferred Stock (security) — Financial Instrument
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report on financial statements and exhibits, as indicated by the 'ITEM INFORMATION: Financial Statements and Exhibits' section.
What is the exact date of the earliest event reported in this filing?
The date of the earliest event reported is February 12, 2025.
In which state is Ashford Hospitality Trust, Inc. incorporated?
Ashford Hospitality Trust, Inc. is incorporated in Maryland.
What are the different series of preferred stock mentioned in the filing?
The filing mentions Series D, Series F, Series G, Series H, and Series I Preferred Stock.
What is the business address of Ashford Hospitality Trust, Inc.?
The business address is 14185 Dallas Parkway, Suite 1200, Dallas, Texas 75254.
Filing Stats: 659 words · 3 min read · ~2 pages · Grade level 12.2 · Accepted 2025-02-12 16:03:31
Key Financial Figures
- $580 million — ease announcing that it has closed on a $580 million refinancing secured by 16 hotels. The f
- $438.7 million — tstanding loan balance of approximately $438.7 million. The new financing is non-recourse, has
- $72 million — + 4.37%. The Company used approximately $72 million of the excess proceeds to completely pa
Filing Documents
- aht-20250212.htm (8-K) — 33KB
- ahtloanrefipr2-12x25.htm (EX-99.1) — 9KB
- image_1a.jpg (GRAPHIC) — 194KB
- 0001232582-25-000020.txt ( ) — 496KB
- aht-20250212.xsd (EX-101.SCH) — 3KB
- aht-20250212_def.xml (EX-101.DEF) — 17KB
- aht-20250212_lab.xml (EX-101.LAB) — 31KB
- aht-20250212_pre.xml (EX-101.PRE) — 18KB
- aht-20250212_htm.xml (XML) — 7KB
01 REGULATION FD DISCLOSURE
ITEM 7.01 REGULATION FD DISCLOSURE. On February 12, 2025, Ashford Hospitality Trust, Inc. (the "Company") issued a press release announcing that it has closed on a $580 million refinancing secured by 16 hotels. The financing includes the hotels that were previously part of the Company's KEYS Pool C Loan, KEYS Pool D Loan, KEYS Pool E Loan, and the BAML Pool 3 Loan, together with the Westin Princeton. The previous loans had a combined outstanding loan balance of approximately $438.7 million. The new financing is non-recourse, has a two-year term with three one-year extension options, subject to the satisfaction of certain conditions, and bears interest at a floating interest rate of SOFR + 4.37%. The Company used approximately $72 million of the excess proceeds to completely pay off the remaining balance on its strategic financing, including the exit fee. The remaining excess proceeds were used to fund transaction costs and reserves for future capital expenditures. 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 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 February 12, 2025 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: February 12, 2025 By: /s/ Deric S. Eubanks Deric S. Eubanks Chief Financial Officer