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Ashford Hospitality Trust Inc   (AHT)
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Ashford Hospitality Trust Inc

Business Description


Ashford Hospitality Trust Inc. (AHT) is a real estate investment trust (REIT) that specializes in investing in upscale and full-service hotels in the United States. The company focuses on acquiring and managing hotels in the top 50 metropolitan statistical areas with strong growth potential and prime locations in major markets. AHT?s primary goal is to generate stable long-term income for its shareholders through strategic investments and management of its hotel portfolio.

The company was founded in 2003 and is headquartered in Dallas, Texas. Since its inception, AHT has been focused on acquiring and improving hotel properties across the United States. Currently, the company owns and operates around 100 hotel properties, with over 26,000 guest rooms in 24 states.

AHT?s portfolio consists of primarily upscale or upper-midscale branded hotels such as Marriott, Hilton, and Hyatt. The company?s holdings include full-service hotels, resorts, and select-service hotels. AHT?s portfolio is diversified across multiple segments of the hospitality industry, including urban, suburban, and resort properties. The company also operates hotels under the Proprietary brands of Ashford, Remington, and Lonestar.

AHT?s investment strategy is focused on acquiring and repositioning hotels in markets with the potential for strong growth, either through renovations or acquisition. The company strongly emphasizes its asset management, as it manages its properties proactively to increase revenue and profitability, while also reducing expenses. AHT?s management team is comprised of experienced professionals in the hospitality industry, with a proven track record of success in maximizing the value of the company*s portfolio.

As of December 31, 2020, AHT had a market capitalization of approximately $283 million. The company?s financial highlights for 2020 demonstrate the challenges the hospitality industry faced during the COVID-19 pandemic, with a net loss of $561 million, and revenue plummeted 70% to $358 million. However, the company showed resilience and received $245 million from CARES Act debt relief and opened more than half of its hotels to prepare for the return of travel demand.

In conclusion, AHT is a hospitality REIT with a diverse portfolio of premium branded and independent hotels located in prime markets. While the COVID-19 pandemic greatly impacted the company*s financial performance, AHT*s management team has remained committed to proactively managing their assets to maximize long-term value for their shareholders.



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