Brief: Ashford Hospitality Trust Says Comparable RevPAR Growth For Q1 2023 Expected To Be About 30%

Ashford Hospitality Trust

11/04/2023 22:34

April 11 (Reuters) - Ashford Hospitality Trust Inc
 AHT.N :
    * ASHFORD HOSPITALITY TRUST - COMPARABLE REVPAR GROWTH FOR
Q1 2023
EXPECTED TO BE ABOUT 30%
    * ASHFORD HOSPITALITY TRUST INC - SUBSEQUENT TO END OF FIRST
QUARTER, EXTENDED ITS BAML HIGHLAND POOL LOAN UNTIL APRIL 2024
    * ASHFORD HOSPITALITY TRUST - EXPECTS TO REPORT OCCUPANCY OF
ABOUT
68% FOR Q1 WITH AVERAGE DAILY RATE OF ABOUT $184 RESULTING IN
REVPAR OF ABOUT $125
    * ASHFORD HOSPITALITY TRUST INC - AS PART OF EXTENSION OF
POOL
LOAN, PAID DOWN EXISTING LOAN BALANCE BY $45 MILLION
    * ASHFORD HOSPITALITY TRUST INC - ALSO WORKING WITH A LENDER
ON
REFINANCING OF THE LA POSADA DE SANTA FE AND THE HILTON
ALEXANDRIA LOANS
    * ASHFORD HOSPITALITY TRUST - ANTICIPATES 60% OF ITS HOTELS
ARE
NOW OUT OF CASH TRAPS

Source text for Eikon:  ID: 
Further company coverage:  AHT.N 

 ((Reuters.Brief@thomsonreuters.com;))