DALLAS, June 10,
2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc.
(NYSE: AHT) ("Ashford Trust" or the "Company") today announced that
Dave Johnson, a seasoned hospitality
and real estate executive, has joined the Board of Directors as a
new independent director as of the Company's recently held annual
shareholder meeting. Mr. Johnson was also appointed to serve
on the Board's Audit Committee as well as the Compensation
Committee.
"We are extremely pleased to welcome Dave to our Board of
Directors," said Monty J. Bennett,
Ashford Trust's Chairman. "He brings a wealth of experience in the
hotel industry, as well as a valuable perspective as both a CEO and
director of large, publicly traded companies. We look forward to
leveraging his broad experience as we continue to focus on
executing our strategy and delivering value for our
shareholders."
Mr. Johnson is the Co-Founder and Managing Director at Horizon
Capital Partners LLC ("Horizon Capital"), a commercial,
residential, and mixed-use land acquisition and development company
located in McKinney, Texas. Prior
to Horizon Capital, Mr. Johnson founded Aimbridge Hospitality, Inc.
and served as its Chief Executive Officer from 2003 to 2021.
Earlier, he spent 17 years at Wyndham International, as the
President of Wyndham Hotels, among other senior-level operations,
sales and marketing positions.
Mr. Johnson currently serves on the U.S. Travel Association
("USTA") board as a member of the Chairman's Circle and as a member
of USTA's CEO Roundtable. Mr. Johnson has served as a director of
Hilton Grand Vacations Inc. since 2017 and currently serves as the
Chairman of the Board of Sonida Senior
Living. Mr. Johnson previously served on several boards of
directors, including Strategic Hotels & Resorts, Inc., where he
was also a member of its audit committee and corporate governance
committee from 2012 to 2016. From 2009 to 2012, Mr. Johnson served
as a director of Gaylord Entertainment Company. He also serves on
several nonprofit boards, including the Juvenile Diabetes Research
Foundation and the Plano YMCA.
Mr. Johnson received his undergraduate degree in business
economics from Northeastern Illinois
University, graduating with highest honors.
Ashford Hospitality Trust is a real estate investment trust
(REIT) focused on investing predominantly in upper upscale,
full-service hotels.
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," "could,"
"plan," or similar expressions, we intend to identify
forward-looking statements. Such statements are subject to numerous
assumptions and uncertainties, many of which are outside of 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: our ability to raise sufficient capital to pay off our
strategic debt; 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 made only 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 these risks 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.