Ashford Hospitality Trust

Sonny Sra, Board Member of Ashford Hospitality Trust | Hotels 101 Episode 14 Today on Hotels 101, Rob Hays discussed the incredible journey of Sonny Sra, an industry icon and a personal friend with a remarkable career in the hospitality industry spanning more than 3 decades. Sonny shares his journey from India to the U.S., switching from a science background to an MBA in Information Systems, and eventually finding his footing in the hospitality industry as a night auditor in Savannah, Georgia. Sonny’s eventual decision to join Remington Hospitality was tied to a deal involving the hiring of his mentor. This marked the beginning of a successful career where Sonny has held roles from General Manager to Senior Vice President of the Independent Luxury Division. The conversation transitions to the evolution of the hospitality industry over the past 50 years. Sonny reflects on the transformation from rudimentary methods to sophisticated data and technology, arguing that despite these advancements, the core business of hospitality should not be neglected. He stresses the importance of leaders spending time engaging with their teams, especially in the post-pandemic landscape where new challenges arise. Join Rob and Sonny for an insightful discussion filled with personal stories, leadership philosophies, and a holistic conversation into what makes the hospitality industry both challenging and rewarding. https://lnkd.in/gwUQFknz

John Bourret, Managing Director of Eastdil Secured | Hotels 101 Episode 13 In this episode of 'Hotels 101', host Rob Hays interviews John Bourret, Managing Director of Eastdil Secured. Starting as a generalist analyst at HFF (now JLL Capital Markets), John was encouraged to dive into the hospitality sector. Despite entering the market during the 2007 financial crisis, John and his partner grew a successful hotel platform over the next decade. John joined Eastdil Secured in 2022 to focus on expanding its traditionally bi-coastal presence into the Sunbelt. Over the past 5 years, Dallas has grown to become the fourth largest office in the Eastdil system. John acknowledges several key figures who have shaped his professional approach and attitude. He attributes his success to hard work, humility, and authenticity, stressing the importance of building genuine relationships and trust in the business world. John also candidly discusses the best and worst aspects of working in hotel brokerage, highlighting the rewarding relationships and the challenges of constant availability and unsuccessful transactions. Join us for this insightful episode of Hotels 101 for valuable perspectives on the hotel investment landscape with industry veteran John Bourret! #hotels101 #eastdil #dallas #hospitality https://lnkd.in/gg2GfJKq

We are excited to announce that we advised Ashford Hospitality Trust (AHT) in the successful sale of the Residence Inn Salt Lake City Cottonwood (Residence Inn by Marriott) for $19.2 million. The institutional-quality Hotel is strategically located in Salt Lake City's desirable Cottonwood Heights submarket with accessibility to the nearby canyons and four different Utah ski resorts. For more information, please contact: Evan Hurd, Andrew Broad, Patrick Tan, Lucia Liu, or any member of the RobertDouglas team. #hotels #hospitality #residenceinn #marriott #investmentsales #capitalmarkets #saltlakecity #cottonwood #utah https://lnkd.in/es5WTniK

Congrats to Ashford Hospitality Trust (AHT)'s Renaissance Nashville Hotel for being named one of Cvent's Top Meeting Destinations!

We are pleased to report estimated preliminary results for our 2024 Annual Meeting of Stockholders and that Blackwells Capital's attempted withhold proxy campaign had no meaningful impact on the outcome. Based on estimated preliminary results, only 7% of outstanding shares voted on the Blackwells proxy card. #ashfordtrust #aht #reit #hotels #annualmeeting https://lnkd.in/dB9iKN2j

Yesterday, we announced the successful refinancing of the mortgage loan for the Nashville Renaissance, which had a final maturity date in March 2026. President & CEO Rob Hays commented on the news, stating, "We are pleased to announce the refinancing of the Renaissance Nashville on attractive terms with significant excess proceeds. We continue to make solid progress in paying off our strategic financing and have several assets in the market at various stages of the sales process. We look forward to providing more updates in the coming weeks." #ashfordtrust #aht #hotel #refinancing #nashville https://lnkd.in/gWQ_g6zf

From CoStar News: Ashford Hospitality Trust (AHT) CEO Rob Hays said the sales could bring a collective $625 million in proceeds to the company. https://bit.ly/4baiK8j #earnings #hospitalitynews #REIT

Today, we released our 1Q results and will host a conference call tomorrow at 11 AM ET. Rob Hays, President & CEO, commented on the results, "I’m very pleased with the progress we have made in paying off our strategic financing. The outstanding loan balance is down almost 50% from the original balance. Our first quarter operating performance was negatively impacted by a soft March due to the Easter Holiday shift, but we have seen a marked improvement for April. Between the excess proceeds from additional planned asset sales, excess proceeds from planned property refinancings, and proceeds from our non-traded preferred capital raise, we believe we have a viable path to pay off our strategic financing this year. As we look to the remainder of 2024, we believe our high-quality, geographically diverse portfolio remains well-positioned to outperform." https://lnkd.in/gPRSgikX For details on how to join the conference call, visit this link: https://lnkd.in/gHBrt5ED

This week, we released our preliminary first-quarter results for 2024. Join us next Wednesday, May 8 at 11 AM ET, for our earnings call. For further information and access to the call details, visit: visithttps://lnkd.in/gHBrt5ED #ashfordtrust #reit #q1 #earnings

Earlier this week we provided an update on asset sales and our deleveraging plan. Rob Hays, President & CEO, commented on the announcement, "We are pleased with the progress we have made on our deleveraging plan, including the transfer of the KEYS A&B loan pool assets to the receiver. We continue to have several assets in the market at various stages of the sales process and look forward to providing more updates in the coming weeks." #ashfordtrust #reit #hotels