Rochester,NY 8/29/2009 12:36:03 AM
Ashford Hospitality Trust, Inc.,AHT-Recently filed Operating Results (10-Q)
Ashford Hospitality Trust, Inc.,
Aug 7, 2009, Ashford Hospitality Trust Inc. recently filed Quarterly Report for the period ended 2009-06-30.
Ashford Hospitality Trust Inc is a self advised Maryland corporation and real estate investment trust organized to take-up opportunities in the lodging industry. Initial assets consist of six hotels comprised of four Embassy Suites and two Radisson properties as well as eight asset management and consulting agreements. Ashford Hospitality Trust Inc. has a market cap of $295 million; its shares were traded at around $3.09 with a P/E ratio of 2.3 and P/S ratio of 0.3. Ashford Hospitality Trust Inc. had an annual average earning growth of 73.6% over the past 5 years.
Highlight of Business Operations:
Beginning in June 2009, we ceased making payments on the note payable of $29.1 million secured by the Hyatt Regency Dearborn hotel property, due to the fact that the operating cash flows from the hotel property are not anticipated to cover the principal and interest payments on the note and the related capital expenditures on the property.
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