DALLAS, Jan. 6, 2022 /PRNewswire/ -- Ashford
Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the
"Company") reported today preliminary portfolio occupancy of 56%
for the month of December 2021 with
an average daily rate ("ADR") of approximately $149 resulting in RevPAR of approximately
$83. This RevPAR reflects an
approximate increase of 170% versus December
2020 and a decline of approximately 13% versus December 2019, which is the best monthly RevPAR
result versus 2019 since early 2020. The Company expects to
report occupancy of 60% for the fourth quarter of 2021 with an ADR
of approximately $157 resulting in
RevPAR of approximately $95. This
RevPAR reflects an approximate increase of 164% compared to the
fourth quarter of 2020 and a decline of approximately 21% compared
to the fourth quarter of 2019, a significant improvement from the
third quarter of 2021 when RevPAR was down 26% versus the same
period in 2019.
"We continue to be encouraged by the positive momentum in our
portfolio's operating performance and are pleased to report these
improved preliminary RevPAR results for the fourth quarter of
2021," commented Rob Hays, Ashford
Trust's President and Chief Executive Officer. "Looking ahead, we
believe the industry is poised for a solid recovery in 2022 and our
attractive hotel portfolio with its high exposure to transient
leisure customers remains well-positioned to capitalize on that
recovery."
Ashford Hospitality Trust is a real estate investment trust
(REIT) focused on investing predominantly in upper upscale,
full-service hotels.
Follow CEO Rob Hays on Twitter at
https://twitter.com/aht_rob or @aht_rob.
Forward-Looking Statements
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 Private
Securities Litigation Reform Act of 1995. Forward-looking
statements in this press release include, among others, statements
about the Company's strategy and future plans. These
forward-looking statements are subject to risks and uncertainties.
When we use the words "will likely result," "may," "anticipate,"
"estimate," "should," "expect," "believe," "intend," or similar
expressions, we intend to identify forward-looking statements. Such
statements are subject to numerous assumptions and uncertainties,
many of which are outside Ashford Trust's control.
These forward-looking statements are subject to known and
unknown risks and uncertainties, which could cause actual results
to differ materially from those anticipated, including, without
limitation: the impact of COVID-19, and the rate of adoption and
efficacy of vaccines to prevent COVID-19, on our business and
investment strategy; the timing and outcome of the Securities and
Exchange Commission's investigation; our ability to regain S-3
eligibility; our ability to repay, refinance, or restructure our
debt and the debt of certain of our subsidiaries; anticipated or
expected purchases or sales of assets; our projected operating
results; completion of any pending transactions; our understanding
of our competition; market trends; projected capital expenditures;
the impact of technology on our operations and business; general
volatility of the capital markets and the market price of our
common stock and preferred stock; availability, terms and
deployment of capital; availability of qualified personnel; changes
in our industry and the markets in which we operate, interest rates
or the general economy; and the degree and nature of our
competition. These and other risk factors are more fully discussed
in Ashford Trust's filings with the Securities and Exchange
Commission.
The forward-looking statements included in this press release
are only made as of the date of this press release. Such
forward-looking statements are based on our beliefs, assumptions,
and expectations of our future performance taking into account all
information currently known to us. These beliefs, assumptions, and
expectations can change as a result of many potential events or
factors, not all of which are known to us. If a change occurs, our
business, financial condition, liquidity, results of operations,
plans, and other objectives may vary materially from those
expressed in our forward-looking statements. You should carefully
consider these risks when you make an investment decision
concerning our securities. Investors should not place undue
reliance on these forward-looking statements. The Company can give
no assurance that these forward-looking statements will be attained
or that any deviation will not occur. We are not obligated to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or circumstances,
changes in expectations, or otherwise, except to the extent
required by law.
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SOURCE Ashford Hospitality Trust, Inc.