Ashford Hospitality Trust Announces Offering of 7.5 Million Shares

Ashford Hospitality Trust, Inc. AHT today announced that it commenced an underwritten public offering of 7.5 million shares of its common stock. Deutsche Bank Securities Inc. is acting as the sole book-running manager for the offering. Ashford intends to use the net proceeds to repay a portion of its outstanding borrowings under its senior credit facility, although it may also use a portion of the net proceeds for general corporate purposes, including, without limitation, financing future hotel-related investments, capital expenditures and working capital or repayment of other debt or maturing obligations as they become due.