Business
ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY FIRST QUARTER 2025 RESULTS
Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") reported today that the Company expects to report Occupancy of approximately 68% for the first quarter of 2025 with Average Daily Rate of approximately $196 resulting in RevPAR of approximately $133. This Comparable RevPAR reflects an approximate increase of 3.2% compared to the first quarter of 2024.
About this update from Ashford Hospitality Trust Inc
[{"type":"text","content":"DALLAS, April 16, 2025 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") reported today that the Company expects to report Occupancy of approximately 68% for the first quarter of 2025 with Average Daily Rate of approximately $196 resulting in RevPAR of approximately $133. This Comparable RevPAR reflects an approximate increase of 3.2% compared to the first quarter of 2024.","length":440,"tagName":"p"},{"type":"text","content":"Additionally, for the month of January 2025, Comparable RevPAR increased approximately 3.8% versus January 2024. For the month of February 2025, Comparable RevPAR increased approximately 4.3% versus February 2024. For the month of March 2025, Comparable RevPAR increased approximately 1.9% versus March 2024.","length":308,"tagName":"p"},{"type":"text","content":""We are very pleased with our RevPAR performance in the first quarter," said Stephen Zsigray, President and Chief Executive Officer of Ashford Trust. "We continue to see the benefits of our GRO AHT initiative across both the top and bottom lines. We also continue to make progress with extending and refinancing our loans. While the past few weeks have introduced some uncertainty to industry-wide forecasts, we believe our focus on maximizing revenues and minimizing expenses across our portfolio will help us continue to outperform."","length":555,"tagName":"p"},{"type":"text","content":"Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper-upscale, full-service hotels.","length":140,"tagName":"p"},{"type":"text","content":"Forward-Looking Statements","length":26,"tagName":"p"},{"type":"text","content":"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 exp...