- CEO
- Stephen Zsigray
- Full Time Employees
- 82
- Sector
- Real Estate
- Industry
- REIT - Hotel & Motel
- Address
- 14185 Dallas Parkway Dallas TX United States of America 75254
- IPO Date
- Nov 10, 2017
- Business
- Ashford Hospitality Trust, Inc. (NYSE: AHT, AHT-PI) operates as a real estate investment trust focused on owning and managing upper-upscale, full-service hotels and select-service properties across the United States; its portfolio includes dominant branded assets operating under flags such as Marriott, Hilton, Hyatt, Crowne Plaza, Sheraton, Tribute Portfolio, and Embassy Suites, with revenue streams encompassing room bookings, food and beverage services, and ancillary offerings; the company also pursues mezzanine financing, first mortgage loans, and sales-leaseback transactions in the hospitality sector, primarily targeting convention, urban, and resort markets through direct hotel investments. Headquartered in Dallas, Texas, and founded in 2003, Ashford Hospitality Trust maintains a geographically diversified portfolio of approximately 65 consolidated operating hotel properties representing over 16,000 rooms, plus interests in additional assets like the Meritage Resort and Spa in Napa, California, and four properties held via a 98.7% stake in Stirling REIT OP, LP. Recent strategic actions include agreements to sell three non-core assets—Le Pavillon in New Orleans for $42.5 million (expected December 2025), and Embassy Suites Austin Arboretum and Houston Near the Galleria for $27.0 million combined (expected January 2026)—projected to generate $69.5 million in gross proceeds, over $2 million in annual cash flow improvement, and $14.5 million in capital expenditure savings, with proceeds allocated to mortgage debt reduction; the company completed sales of Hilton Houston NASA Clear Lake for $27 million and Residence Inn Evansville East for $6 million earlier in 2025, alongside refinancing its 673-room Renaissance Nashville hotel with a $218.1 million non-recourse loan at improved SOFR + 2.26% terms and extending its $733.6 million Highland mortgage pool to January 2026. These divestitures and refinancings support the ongoing GRO AHT performance initiative aimed at deleveraging, enhancing liquidity, and optimizing shareholder value amid a shift toward portfolio optimization and opportunistic transactions.