Ashford Hospitality Trust, Inc.

Ashford Hospitality Trust, Inc. is a real estate investment trust (REIT) specializing in the ownership and management of upscale and upper-upscale full-service hotels across the United States. Established in 2003, the company focuses its investment strategy predominantly on full-service hotels that generate revenue per available room below twice the national average, targeting dominant branded properties under well-known names such as Marriott, Hilton, Hyatt, Crowne Plaza, and Sheraton. Operating through its subsidiary Ashford Hospitality Limited Partnership, the trust applies value-enhancing approaches in asset management, capital markets, and transactions to optimize long-term total returns. It additionally provides real estate investment services including mezzanine and mortgage financing and sales-leaseback arrangements. Despite challenges in profitability and financial strength, Ashford's portfolio is geographically diversified and strategically positioned within the hospitality sector, serving the lodging market with a suite of full-service hotel assets primarily in key U.S. markets.