Ashford Hospitality Trust to Close Non-Traded Preferred Stock Offering Soon

Ashford Hospitality Trust Announces Closing of Preferred Stock Offering

In a significant announcement, Ashford Hospitality Trust, Inc. (NYSE: AHT), commonly referred to as Ashford Trust, has indicated its plans to shut down the offering of Series J and Series K non-traded preferred stock by March 31, 2025. Since it initiated this offering in 2022, the company has successfully raised approximately $180 million in gross proceeds.

"Our initiative for the non-traded preferred stock was instrumental in securing necessary capital during uncertain market conditions," remarked Stephen Zsigray, the President and Chief Executive Officer of Ashford Trust. He elaborated, saying, "Given the favorable outcome of this offering thus far, along with an enhancement in our financial standing, we are optimistic about the upcoming closure of the offering."

Ashford Hospitality Trust, a reputable real estate investment trust (REIT), specializes in investing primarily in upper upscale, full-service hotels. The company’s ability to attract significant capital amidst challenging times is indicative of both its strategic planning and the trust it has built with investors.

The issuer has duly filed a registration statement, along with a prospectus, with the Securities and Exchange Commission (SEC) for this offering. Investment considerations should entail a thorough review of this prospectus and other pertinent documents filed with the SEC to fully understand the offering and its implications. These documents can be accessed for free via the SEC's EDGAR database at www.sec.gov. Investors can also request the prospectus from the issuer or dealer manager for detailed insights.

Important links to the final prospectus and prospectus supplement can be found as follows:

In the realm of securities, it is crucial to be wary of forward-looking statements, which are often characterized by predictions and expectations related to future performance. Such statements involve a level of uncertainty and should be treated with caution. Potential investors are encouraged to meticulously consider associated risks before making financial commitments related to Ashford Trust's securities.

The information shared here is specifically relevant as the company navigates the current financial landscape, demonstrating resilience and strategic direction. As the closure of the preferred stock offering approaches, stakeholders are eager to monitor how Ashford Hospitality Trust continues to evolve and respond to market dynamics in the hotel and real estate sectors.