Ashford Hospitality Trust Raises $180M Through Preferred Stock
Ashford Hospitality ( (AHT) ) just unveiled an update.
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Ashford Hospitality Trust announced its successful non-traded preferred stock offering, set to close on March 31, 2025, raising about $180 million since its 2022 launch. This significant capital boost comes amid challenging market conditions, demonstrating the company’s strengthened financial position and resilience. As a real estate investment trust, Ashford focuses on investing in upscale, full-service hotels, leveraging this offering to enhance their market standing.
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