AHT 8-K

Ashford Hospitality Trust Inc (AHT)

8-K 2026-08-06 For: 2026-07-31

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Added on August 06, 2026


	ASHFORD HOSPITALITY TRUST, INC.

Dated: August 6, 2026	By:	/s/ Justin Coe
		Justin Coe
		Chief Accounting Officer


	Ashford Trust Consolidated Historical (A)		Hyatt Long Island (B)		Adjustments			Ashford Trust Consolidated Pro Forma
ASSETS
Investments in hotel properties, gross ($82,787 attributable to VIEs)	$	2,617,922	$	26,165	$	—		$	2,591,757
Accumulated depreciation ($(6,594) attributable to VIEs)	(810,924)		(703)		—			(810,221)
Investments in hotel properties, net ($76,193 attributable to VIEs)	1,806,998		25,462		—			1,781,536
Contract asset	335,979		—		—			335,979
Cash and cash equivalents ($1,011 attributable to VIEs)	78,042		1,002		26,164		(C) (i)	76,132
					(1,363)		(C) (i)
					(25,709)		(C) (ii)
Restricted cash ($4,203 attributable to VIEs)	141,203		—		—			141,203

Accounts receivable ($170 attributable to VIEs), net of allowance of $435	43,426		1,641		—			41,785
Inventories ($34 attributable to VIEs)	3,106		60		—			3,046
Notes receivable, net	12,486		—		—			12,486


Investments in unconsolidated entities	7,063		—		—			7,063


Deferred costs, net ($79 attributable to VIEs)	1,210		31		—			1,179

Derivative assets	1,212		—		—			1,212
Operating lease right-of-use assets	41,035		606		—			40,429
Prepaid expenses and other assets ($153 attributable to VIEs)	53,235		1,146		—			52,089




Due from third-party hotel managers	24,535		—		—			24,535
Assets held for sale	55,779		—		—			55,779
Total assets	$	2,605,309	$	29,948	$	(908)		$	2,574,453
LIABILITIES AND EQUITY/DEFICIT
Liabilities:
Indebtedness, net ($15,910 attributable to VIEs)	$	2,287,163	$	25,709	$	—		$	2,261,454
Debt associated with hotels in receivership	252,000		—		—			252,000
Finance lease liability	17,417		—		—			17,417

Accounts payable and accrued expenses ($15,427 attributable to VIEs)	140,837		4,199		—			136,638
Accrued interest payable ($151 attributable to VIEs)	31,787		163		—			31,624
Accrued interest associated with hotels in receivership	83,979		—		—			83,979
Dividends and distributions payable	4,247		—		—			4,247

Due to Ashford Inc., net	65,638		—		—			65,638

Due to related parties, net ($3,517 attributable to VIEs)	12,319		850		—			11,469
Due to third-party hotel managers	1,306		—		—			1,306

Operating lease liabilities	44,042		606		—			43,436

Other liabilities ($28,919 attributable to VIEs)	36,695		—		—			36,695
Liabilities related to assets held for sale	66,613		—		—			66,613
Total liabilities	3,044,043		31,527		—			3,012,516
Commitments and contingencies
Redeemable noncontrolling interests in operating partnership	19,945		—		—			19,945
Series J Redeemable Preferred Stock, $0.01 par value, 7,684,197 shares issued and outstanding at March 31, 2026	183,655		—		—			183,655
Series K Redeemable Preferred Stock, $0.01 par value, 731,102 shares issued and outstanding at March 31, 2026	18,591		—		—			18,591
Series L Redeemable Preferred Stock, $0.01 par value, 238,191 shares issued and outstanding at March 31, 2026	5,547		—		—			5,547
Series M Redeemable Preferred Stock, $0.01 par value, 550,888 shares issued and outstanding at March 31, 2026	13,831		—		—			13,831
Equity (deficit):
Preferred stock, $0.01 par value, 55,000,000 shares authorized:
Series D Cumulative Preferred Stock, 1,111,127 shares issued and outstanding at March 31, 2026	11		—		—			11
Series F Cumulative Preferred Stock, 1,037,044 shares issued and outstanding at March 31, 2026	10		—		—			10
Series G Cumulative Preferred Stock, 1,470,948 shares issued and outstanding at March 31, 2026	15		—		—			15
Series H Cumulative Preferred Stock, 1,037,956 shares issued and outstanding at March 31, 2026	10		—		—			10
Series I Cumulative Preferred Stock, 1,034,303 shares issued and outstanding at March 31, 2026	11		—		—			11
Common stock, $0.01 par value, 395,000,000 shares authorized, 6,476,491 shares issued and outstanding at March 31, 2026	65		—		—			65
Additional paid-in capital	2,402,044		(1,579)		25,493		(C) (i)	2,402,044
					(1,363)		(C) (i)
					(25,709)		(C) (ii)
Accumulated deficit	(3,097,325)		—		671		(C) (i)	(3,096,654)

Total stockholders’ equity (deficit) of the Company	(695,159)		(1,579)		(908)			(694,488)
Noncontrolling interest in consolidated entities	14,856		—		—			14,856
Total equity (deficit)	(680,303)		(1,579)		(908)			(679,632)
Total liabilities and equity/deficit	$	2,605,309	$	29,948	$	(908)		$	2,574,453


	Ashford Trust Consolidated Historical (A)		Hyatt Long Island (B)		Adjustments			Ashford Trust Consolidated Pro Forma
REVENUE
Rooms	$	825,623	$	14,316	$	—		$	811,307
Food and beverage	207,588		6,168		—			201,420
Other hotel revenue	69,643		792		—			68,851
Total hotel revenue	1,102,854		21,276		—			1,081,578
Other	1,534		—		—			1,534
Total revenue	1,104,388		21,276		—			1,083,112
EXPENSES
Hotel operating expenses:
Rooms	198,106		3,497		—			194,609
Food and beverage	139,828		3,842		—			135,986
Other expenses	392,070		8,544		—			383,526
Management fees	38,264		636		—			37,628
Total hotel expenses	768,268		16,519		—			751,749
Property taxes, insurance and other	59,793		1,718		—			58,075
Depreciation and amortization	141,295		1,703		—			139,592

Impairment charges	67,648		—		—			67,648

Advisory services fee	49,039		—		—			49,039
Corporate, general and administrative	20,783		—		—			20,783
Total operating expenses	1,106,826		19,940		—			1,086,886
Gain (loss) on consolidation of VIE and disposition of assets and hotel properties	79,799		—		671		(C) (i)	80,470
Gain (loss) on derecognition of assets	39,054		—		—			39,054
OPERATING INCOME (LOSS)	116,415		1,336		671			115,750
Equity in earnings (loss) of unconsolidated entities	(325)		—		—			(325)
Interest income	4,739		—		—			4,739

Interest expense and amortization of discounts and loan costs	(256,229)		(2,999)		—			(253,230)
Interest expense associated with hotels in receivership	(39,038)		—		—			(39,038)
Write-off of premiums, loan costs and exit fees	(8,853)		(80)		—			(8,773)
Gain (loss) on extinguishment of debt	335		—		—			335

Realized and unrealized gain (loss) on derivatives	(5,346)		—		—			(5,346)
INCOME (LOSS) BEFORE INCOME TAXES	(188,302)		(1,743)		671			(185,888)
Income tax (expense) benefit	143		—		—			143




NET INCOME (LOSS)	(188,159)		(1,743)		671			(185,745)
(Income) loss attributable to noncontrolling interest in consolidated entities	5,058		—		—			5,058
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership	3,262		—		(35)		(C) (iii)	3,227
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY	(179,839)		(1,743)		636			(177,460)
Preferred dividends	(28,216)		—		—			(28,216)
Deemed dividends on redeemable preferred stock	(6,949)		—		—			(6,949)

NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	$	(215,004)	$	(1,743)	$	636		$	(212,625)
INCOME (LOSS) PER SHARE - BASIC:
Net income (loss) attributable to common stockholders	$	(35.99)						$	(35.59)
Weighted average common shares outstanding—basic	5,974							5,974
INCOME (LOSS) PER SHARE - DILUTED:
Net income (loss) attributable to common stockholders	$	(35.99)						$	(35.59)
Weighted average common shares outstanding—diluted	5,974							5,974


	Ashford Trust Consolidated Historical (A)		Hyatt Long Island (B)		Adjustments			Ashford Trust Consolidated Pro Forma
REVENUE
Rooms	$	200,025	$	2,320	$	—		$	197,705
Food and beverage	51,570		1,075		—			50,495
Other hotel revenue	15,983		208		—			15,775
Total hotel revenue	267,578		3,603		—			263,975
Other	154		—		—			154
Total revenue	267,732		3,603		—			264,129
EXPENSES
Hotel operating expenses:
Rooms	46,190		774		—			45,416
Food and beverage	34,383		867		—			33,516
Other expenses	91,273		1,530		—			89,743
Management fees	9,284		108		—			9,176
Total hotel expenses	181,130		3,279		—			177,851
Property taxes, insurance and other	14,894		455		—			14,439
Depreciation and amortization	32,006		428		—			31,578

Impairment charges	112,649		1,233		—			111,416

Advisory services fee	20,023		—		—			20,023
Corporate, general and administrative	1,602		—		—			1,602
Total operating expenses	362,304		5,395		—			356,909
Gain (loss) on disposition of assets and hotel properties	100,030		—		—			100,030
Gain (loss) on derecognition of assets	7,790		—		—			7,790
OPERATING INCOME (LOSS)	13,248		(1,792)		—			15,040
Equity in earnings (loss) of unconsolidated entities	(202)		—		—			(202)
Interest income	922		—		—			922
Other income (expense)	3,223		—		—			3,223
Interest expense and amortization of discounts and loan costs	(73,554)		(601)		—			(72,953)
Interest expense associated with hotels in receivership	(7,820)		—		—			(7,820)
Write-off of premiums, loan costs and exit fees	(1,254)		(19)		—			(1,235)
Gain (loss) on extinguishment of debt	(25)		—		—			(25)

Realized and unrealized gain (loss) on derivatives	757		—		—			757
INCOME (LOSS) BEFORE INCOME TAXES	(64,705)		(2,412)		—			(62,293)
Income tax (expense) benefit	(752)		—		(12)		(C) (ii)	(764)




NET INCOME (LOSS)	(65,457)		(2,412)		(12)			(63,057)
(Income) loss attributable to noncontrolling interest in consolidated entities	655		—		—			655
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership	1,030		—		(34)		(C) (iii)	996
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY	(63,772)		(2,412)		(46)			(61,406)
Preferred dividends	(2,714)		—		—			(2,714)
Deemed dividends on redeemable preferred stock	(4,600)		—		—			(4,600)

NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	$	(71,086)	$	(2,412)	$	(46)		$	(68,720)
INCOME (LOSS) PER SHARE - BASIC:
Income (loss) attributable to common stockholders	$	(11.03)						$	(10.67)
Weighted average common shares outstanding—basic	6,442							6,442
INCOME (LOSS) PER SHARE - DILUTED:
Income (loss) attributable to common stockholders	$	(11.03)						$	(10.67)
Weighted average common shares outstanding—diluted	6,442							6,442