Ashford Hospitality Trust, a leading real estate investment trust (REIT) specializing in upscale hotels, will announce its third-quarter 2024 financial results on November 5th. A conference call to discuss the earnings will follow on November 6th.
Results for: Ashford Hospitality Trust
Ashford Hospitality Trust has announced the sale of the 193-room One Ocean Resort in Atlantic Beach, Florida. The proceeds will be used for debt reduction and general corporate purposes. The sale has improved the company’s net debt to gross assets ratio and reduced its strategic financing balance.
Ashford Hospitality Trust (AHT) has made significant moves, including the sale of a Georgia hotel, the relinquishment of control over 14 additional hotels, a leadership change, and the announcement of a financial restructuring plan. These actions are part of AHT’s ongoing efforts to address underperforming assets and strengthen its financial position.