Ashford Hospitality Trust (AHT) Registration Filing summary

Company overview and business model

• Externally advised REIT focused on investing in upper upscale full-service hotels in the U.S., primarily below twice the national average RevPAR.

• Portfolio includes 68 consolidated hotels (17,051 rooms), additional interests in other properties, and investments in hotel entities.

• Hotels are branded under Hilton, Hyatt, Marriott, and IHG, and are managed by third-party or affiliated managers.

• Operates through Ashford Hospitality Limited Partnership; all services provided by Ashford LLC, with no direct employees.

• Principal executive offices in Dallas, Texas; common stock trades on NYSE under symbol "AHT."

Financial performance and metrics

• Aggregate market value of common stock held by non-affiliates is $47.2 million as of April 29, 2025.

• $8,371,000 of securities sold in the prior 12 months under Form S-3.

Use of proceeds and capital allocation

• Net proceeds will be contributed to the operating partnership for property acquisitions, development, general corporate purposes, dividends, debt repayment, and capital expenditures.

• Pending use, proceeds may be invested in interest-bearing accounts and securities consistent with REIT status.