DALLAS, July 6, 2021 /PRNewswire/ -- Ashford
Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the
"Company") reported today preliminary RevPAR of approximately
$91.27 for June 2021, representing an approximate increase
of 256% versus June 2020 and a
decline of 37% versus June 2019. This compares to RevPAR of
$75.66 for May
2021, representing an approximate increase of 414% versus
May 2020 and a decline of 47% versus
May 2019, and RevPAR of $67.52 for April
2021, representing an approximate increase of 624% versus
April 2020 and a decline of 53%
versus April 2019. The Company expects to report RevPAR for
all hotels in the portfolio increased approximately 372% for the
second quarter of 2021 compared to the second quarter of 2020, and
decreased approximately 46% compared to the second quarter of
2019.
"I am pleased to report these improved preliminary RevPAR
results for the second quarter which are driven by pent-up leisure
demand," commented Rob Hays, Ashford
Trust's President and Chief Executive Officer. "We continue to be
pleased with the recovery trends we are seeing at our hotels, and
with our geographically diverse portfolio with high exposure to
transient leisure customers, we believe we are well positioned to
capitalize on this recovery."
Ashford Hospitality Trust is a real estate investment trust
(REIT) focused on investing predominantly in upper upscale,
full-service hotels.
Follow CEO Rob Hays on Twitter at
https://twitter.com/aht_rob or @aht_rob.
Forward-Looking Statements
Certain statements and assumptions in this press release
contain or are based upon "forward-looking" information and are
being made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements in this press release include, among others, statements
about the Company's strategy and future plans. These
forward-looking statements are subject to risks and uncertainties.
When we use the words "will likely result," "may," "anticipate,"
"estimate," "should," "expect," "believe," "intend," or similar
expressions, we intend to identify forward-looking statements. Such
statements are subject to numerous assumptions and uncertainties,
many of which are outside Ashford Trust's control.
These forward-looking statements are subject to known and
unknown risks and uncertainties, which could cause actual results
to differ materially from those anticipated, including, without
limitation: the impact of COVID-19, and the rate of adoption and
efficacy of vaccines to prevent COVID-19, on our business and
investment strategy; the timing and outcome of the Securities and
Exchange Commission's investigation; our ability to regain S-3
eligibility; our ability to repay, refinance or restructure our
debt and the debt of certain of our subsidiaries;
anticipated or expected purchases or sales of assets; our
projected operating results; completion of any pending
transactions; our understanding of our competition; market trends;
projected capital expenditures; the impact of technology on our
operations and business; general volatility of the capital
markets and the market price of our common stock and preferred
stock; availability, terms and deployment of capital; availability
of qualified personnel; changes in our industry and the markets in
which we operate, interest rates or the general economy; and the
degree and nature of our competition. These and other risk factors
are more fully discussed in Ashford Trust's filings with the
Securities and Exchange Commission.
The forward-looking statements included in this press release
are only made as of the date of this press release. Such
forward-looking statements are based on our beliefs, assumptions,
and expectations of our future performance taking into account all
information currently known to us. These beliefs, assumptions, and
expectations can change as a result of many potential events or
factors, not all of which are known to us. If a change occurs, our
business, financial condition, liquidity, results of operations,
plans, and other objectives may vary materially from those
expressed in our forward-looking statements. You should carefully
consider this risk when you make an investment decision concerning
our securities. Investors should not place undue reliance on
these forward-looking statements. The Company can give no assurance
that these forward-looking statements will be attained or that any
deviation will not occur. We are not obligated to publicly update
or revise any forward-looking statements, whether as a result of
new information, future events or circumstances, changes in
expectations, or otherwise, except to the extent required by
law.
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SOURCE Ashford Hospitality Trust, Inc.