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DALLAS , Oct. 15, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") announced today that its Board of Directors unanimously approved a reverse split of the Company's common stock at a ratio of 1-for-10. As of the effective date of the reverse split, each share of the Company's issued and outstanding common stock and equivalents will be converted into 1/10th of a share of the Company's common stock.
DALLAS , Oct. 7, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") reported today that the Company expects to report Occupancy of approximately 71% for the third quarter of 2024 with Average Daily Rate of approximately $187 resulting in RevPAR of approximately $132. This Comparable RevPAR reflects an approximate decrease of 1.6% compared to the third quarter of 2023.
DALLAS , Oct. 7, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") announced today that its Board of Directors (the "Board") declared a dividend of $0.5281 per diluted share for the Company's 8.45% Series D Cumulative Preferred Stock for the fourth quarter ending December 31, 2024. The dividend is payable on January 15, 2025, to stockholders of record as of December 31, 2024.
DALLAS , Sept. 26, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it was notified by the New York Stock Exchange (the "NYSE") on September 23, 2024, that it is not in compliance with Section 802.01C of the NYSE's Listed Company Manual, which requires listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30 trading day period.
U.S. equity and bond markets exhibited a surprisingly muted response to the Federal Reserve's decision to cut interest rates by 50 basis points, a distinctly dovish pivot following its aggressive tightening cycle. Longer-term benchmark rates actually climbed modestly after the decision in a "curve steepening" trade, reflecting concern that the Fed's dovish tack could revive some inflationary pressures. Led by "pro-cyclical" market segments, the S&P 500 posted gains of 1.1% this week, breaching fresh record highs on Thursday before paring post-Fed gains late in the week.
Expanding the Company's suite of HR solutions, Würk and The Baldwin Group (formerly AHT Insurance) leverage decades of experience to help companies take control of their health insurance benefits DENVER , Sept. 17, 2024 /PRNewswire/ -- Würk, the leading human capital management (HCM) company in the cannabis industry, today announced a first-of-its-kind insurance collaboration with The Baldwin Group (formerly AHT Insurance) that will reshape legal cannabis companies' approach to evaluating health benefits.
LOS ANGELES--(BUSINESS WIRE)--On September 3, 2024, UNITE HERE Local 11 sent a letter to Montgomery Bennett, the Founder, Chairman, & Chief Executive Officer of Ashford Inc.; Founder and Chairman of Braemar Hotels & Resorts; and Founder and Chairman of Ashford Hospitality Trust and Sloan Dean, the Chief Executive Officer of Remington Hospitality, regarding the ongoing labor disputes at the Cameo Beverly Hills and the Marriott Beverly Hills. “As you may know, 70 hotels in Southern Califo.
Shares in Ashtead rose after the rental equipment provider published a solid first-quarter update and reiterated full-year profits estimates.
DALLAS , Aug. 29, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced details for the release of its results for the third quarter ended September 30, 2024. Ashford Trust plans to issue its earnings release for the third quarter after the market closes on Tuesday, November 5, 2024 and will host a conference call on Wednesday, November 6, 2024, at 11:00 a.m.
Ashford Hospitality Trust, Inc. (NYSE:AHT ) Q2 2024 Earnings Conference Call July 31, 2024 11:00 AM ET Company Participants Deric Eubanks - CFO Stephen Zsigray - President and CEO Chris Nixon - EVP and Head-Asset Management Conference Call Participants Jonathan Jenkins – Oppenheimer Michael Bellisario - Baird Operator Hello. And welcome to the Ashford Hospitality Trust Second Quarter 2024 Results Conference Call.