DALLAS, Feb. 12,
2025 /PRNewswire/ -- Ashford Hospitality Trust, Inc.
(NYSE: AHT) ("Ashford Trust" or the "Company") announced today that
it has fully paid off its strategic financing, including the exit
fee. This financing dates back to early 2021 and was
instrumental in helping the Company recover from the impacts of the
COVID pandemic.
"We are extremely pleased to announce the full pay off of our
strategic financing," commented Stephen
Zsigray, Ashford Trust's President and Chief Executive
Officer. "Completely eliminating our corporate-level debt fortifies
the Company and, along with our recently announced "GRO AHT" initiative, positions Ashford Trust
well going forward. We will continue to focus on maximizing the
performance and value of our assets and increasing shareholder
value."
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 federal
securities regulations. Forward-looking statements are generally
identifiable by use of forward-looking terminology such as "may,"
"will," "should," "potential," "intend," "expect," "anticipate,"
"estimate," "approximately," "believe," "could," "project,"
"predict," or other similar words or expressions. Additionally,
statements regarding the following subjects are forward-looking by
their nature: Our business and investment strategy; anticipated or
expected purchases, sales or dispositions of assets; our projected
operating results; completion of any pending transactions; our
ability to restructure existing property-level indebtedness; our
ability to secure additional financing to enable us to operate our
business; our understanding of our competition; projected capital
expenditures; and the impact of technology on our operations and
business.. 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. These and other risk factors
are more fully discussed in the Company's filings with the
SEC.
The forward-looking statements included in this press release
are only made as of the date of this press release. Investors
should not place undue reliance on these forward-looking
statements. We will not 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.