Business Context and Reporting Period
Company: Ashford Hospitality Trust, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: April 19, 2006
Event: Regulation FD Disclosure regarding a material acquisition.
Key Financial Metrics
This filing reports a specific transaction rather than periodic financial performance. The filing text does not provide revenue, profit, cash flow, margins, debt, or liquidity metrics for the reporting period.
- Acquisition Cost: Approximately $95.0 million in cash.
- Asset Acquired: Pan Pacific San Francisco Hotel, San Francisco, California.
Material Changes
The Company announced the acquisition of the Pan Pacific San Francisco Hotel. This represents a material change in the Company's asset portfolio and a significant cash outflow of approximately $95.0 million.
Guidance, Outlook, and Risks
The filing text does not provide updated financial guidance, management commentary on future outlook, specific risk factors, or contingencies related to this transaction beyond the disclosure of the acquisition itself.
Investor Verification Checklist
- Verify the final purchase price and closing date of the Pan Pacific San Francisco Hotel acquisition.
- Confirm the source of the $95.0 million cash used for the transaction (e.g., existing cash reserves, new debt financing, or equity issuance).
- Review the press release (Exhibit 99.1) for details on the hotel's current occupancy rates and revenue performance.
- Assess the impact of this acquisition on the Company's leverage ratios and liquidity position.