Ashford Hospitality Trust, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year Ended December 31, 2023
February 15, 2024 at 08:00 am EST
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Ashford Hospitality Trust, Inc. provided earnings guidance for the fourth quarter and full year ended December 31, 2023. for the quarter, the company expects net loss attributable to common stockholders of approximately $32.3 million to $30.3 million or $0.93 to $0.87 per share.
For the year, the company expects range of net loss attributable to common stockholders of approximately $194.7 million to $192.7 million or $5.64 to $5.58 per share.
Ashford Hospitality Trust, Inc. is a real estate investment trust (REIT). The Company's portfolio consists of upscale hotels and upper upscale full-service hotels. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP). The Company's hotel properties are primarily branded under the brands of Hilton, Hyatt, Marriott and Intercontinental Hotel Group. The Company operates through one segment: direct hotel investments. The Companyâs portfolio consists of 90 hotels with 20,549 rooms. It owns a 15.1 % ownership in OpenKey, Inc. The Company owns four consolidated operating hotel properties, which represent 405 total rooms owned through a 99.4% ownership interest in Stirling REIT OP, LP (Stirling OP). The Company also has an investment in an entity that owns the Meritage Resort and Spa and the Grand Reserve at the Meritage (the Meritage Investment) in Napa, California.
ASHFORD HOSPITALITY TRUST, INC. 
