DALLAS, Dec. 3, 2024
/PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT)
("Ashford Trust" or the "Company") announced today that it plans to
close its offering of Series J and Series K non-traded preferred
stock on March 31, 2025. Since
launching the offering in 2022, the Company raised approximately
$180.0 million of gross proceeds from
the sale of its Series J and Series K non-traded preferred
stock.
"Our non-traded preferred stock offering has allowed us to raise
substantial capital during a challenging time in the capital
markets," commented Stephen Zsigray,
Ashford Trust's President and Chief Executive Officer. "Given the
success of this offering to date and our improved financial
condition, we are pleased to announce the upcoming closing of the
offering."
Ashford Hospitality Trust is a real estate investment trust
(REIT) focused on investing predominantly in upper upscale,
full-service hotels.
The issuer has filed a registration statement (including a
prospectus) with the Securities and Exchange Commission (the "SEC")
for the offering to which this communication relates. Before you
invest, you should read the prospectus in that registration
statement and other documents the issuer has filed with the SEC for
more complete information about the issuer and this offering.
You may get these documents for free by visiting EDGAR on the
SEC's web site at www.sec.gov. Alternatively, the issuer, the
dealer manager or any dealer participating in the offering will
arrange to send you the prospectus if you request it by calling
toll-free 1-877-787-9239.
The final prospectus and prospectus supplement no. 1 for the
Offering, dated May 4, 2022 and
September 14, 2022, respectively, can
be accessed through the following links:
-
https://www.sec.gov/Archives/edgar/data/1232582/000110465922056200/tm2213690-3_424b3.htm
-
https://www.sec.gov/Archives/edgar/data/1232582/000110465922100064/tm2225818-1_424b3.htm
Forward-Looking Statements
Certain statements and assumptions in this press release
contain or are based upon "forward-looking" information and are
being made pursuant to the safe harbor provisions of the federal
securities regulations. Forward-looking statements are generally
identifiable by use of forward-looking terminology such as "may,"
"will," "should," "potential," "intend," "expect," "anticipate,"
"estimate," "approximately," "believe," "could," "project,"
"predict," or other similar words or expressions. Additionally,
statements regarding the following subjects, among others, are
forward-looking by their nature: our business and investment
strategy; anticipated or expected purchases, sales or dispositions
of assets; our projected operating results; completion of any
pending transactions; our plan to pay off strategic financing; our
ability to restructure existing property-level indebtedness; our
ability to secure additional financing to enable us to operate our
business; our understanding of our competition; projected capital
expenditures; and the impact of technology on our operations and
business.. Such forward-looking statements are based on our
beliefs, assumptions, and expectations of our future performance
taking into account all information currently known to us. These
beliefs, assumptions, and expectations can change as a result of
many potential events or factors, not all of which are known to us.
If a change occurs, our business, financial condition, liquidity,
results of operations, plans, and other objectives may vary
materially from those expressed in our forward-looking statements.
You should carefully consider this risk when you make an investment
decision concerning our securities. These and other risk factors
are more fully discussed in the Company's filings with the
SEC.
The forward-looking statements included in this press release
are only made as of the date of this press release. Investors
should not place undue reliance on these forward-looking
statements. We will not publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or circumstances, changes in expectations or
otherwise except to the extent required by law.
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SOURCE Ashford Hospitality Trust, Inc.