ADDED
As of March 18, 2026, the registrant had 6,476,491 shares of common stock issued and outstanding.
Form 10-K Summary 152 SIGNATURES This Annual Report is filed by Ashford Hospitality Trust, Inc., a Maryland corporation ( the Company ).
federal income tax purposes; changes in our dividend policy; our preferred stock purchase rights could hinder the market for our common stock; and future sales and issuances of our common stock or other securities which might result in dilution and could cause the price of our common stock to decline or cause our common stock to be delisted from the NYSE.
national average, and in all methods including direct real estate, equity and debt.
As of December 31, 2025, we held interests in the following assets: 67 consolidated operating hotel properties, which represent 16,445 total rooms; one consolidated operating hotel property, which represents 188 total rooms through a 29.3%-owned investment in a consolidated entity; and an investment in an entity that owns the Meritage Resort and Spa and the Grand Reserve at the Meritage (the Meritage Investment ) in Napa, California, with a carrying value of approximately $7.3 million.
As of December 31, 2025, our 68 operating hotel properties were leased by our wholly-owned or majority-owned subsidiaries, which are treated as taxable REIT subsidiaries for U.S.
Bennett acquired the right to direct votes, effective March 25, 2025, and as of December 31, 2025, those rights represented approximately 551,000 common shares.
Liquidity As of December 31, 2025, the Company held cash and cash equivalents of $66.8 million and restricted cash of $149.6 million (including amounts held for sale).
On December 15, 2025, our board of directors reviewed and approved our 2026 dividend policy.
Further, to preserve the Company s liquidity position as it evaluates strategic alternatives, preferred dividends have been suspended, including dividends previously declared for recordholders of the Company s Series D, F, G, H, I, J, K, L and M preferred stock as of December 31, 2025, and payable on January 15, 2026.
REMOVED
As of March 19, 2025, the registrant had 5,775,167 shares of common stock issued and outstanding.
Form 10-K Summary 142 SIGNATURES This Annual Report is filed by Ashford Hospitality Trust, Inc., a Maryland corporation (the Company ).
), our executive officers and our non-independent directors; changes in personnel of Ashford LLC or the lack of availability of qualified personnel; changes in governmental regulations, accounting rules, tax rates and similar matters; legislative and regulatory changes, including changes to the Internal Revenue Code of 1986, as amended (the Code ), and related rules, regulations and interpretations governing the taxation of real estate investment trusts ( REITs ); limitations imposed on our business and our ability to satisfy complex rules in order for us to qualify as a REIT for U.S.
federal income tax purposes; and future sales and issuances of our common stock or other securities which might result in dilution and could cause the price of our common stock to decline.
national average, and in all methods including direct real estate, equity, and debt.
As of December 31, 2024, we held interests in the following assets: 68 consolidated operating hotel properties, which represent 17,051 total rooms; one consolidated operating hotel property, which represents 188 total rooms through a 29.3% owned investment in a consolidated entity; Four consolidated operating hotel properties, which represent 405 total rooms owned through a 98.8% ownership interest in Stirling REIT OP, LP ( Stirling OP ), which was formed by Stirling Inc.
to acquire and own a diverse portfolio of stabilized income-producing hotels and resorts; and an investment in an entity that owns the Meritage Resort and Spa and the Grand Reserve at the Meritage (the Meritage Investment ) in Napa, CA, with a carrying value of approximately $7.6 million.
As of December 31, 2024, our 69 hotel properties and four Stirling OP hotel properties were leased or owned by our wholly owned or majority owned subsidiaries that are treated as taxable REIT subsidiaries for U.S.
Remington Hospitality, a subsidiary of Ashford Inc., manages 50 of our 69 3 hotel properties and three of the four Stirling OP hotel properties.
has filed a Rule 13e-3 Transaction Statement on Schedule 13E-3 and, on July 29, 2024, effected a reverse and forward stock split as part of a plan to deregister Ashford Inc.