Ashford Hospitality Trust, a Dallas-based real estate investment trust, focuses on upscale hotels, owning 75 properties with 17,931 rooms and a 15.1% stake in OpenKey. It went public on August 26, 2003.
AHT has been in the news recently: Ashford Hospitality Trust, Inc. will conduct a 1-for-10 reverse stock split on October 25, 2024, decreasing its shares from approximately 54.6 million to 5.5 million. Additionally, UNITE HERE Local 11 is calling for an investigation into Ashford Hospitality Trust and Braemar Hotels for potential IRS rule violations related to their ownership of 14 hotels in California.
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