AHT

Business Context and Reporting Period

Company: Ashford Hospitality Trust, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: March 24, 2006
Event: Completion of a disposition of assets.

Key Financial Metrics

This filing reports a specific asset sale transaction rather than periodic financial statements. Key transaction metrics include:

• Total Sales Price: Approximately $102.0 million.
• Debt Assumed by Buyer: Approximately $93.7 million.
• Net Proceeds (Implied): Approximately $8.3 million (Sales Price less Debt Assumed).
• Debt Interest Rate: 5.32%.
• Debt Maturity Date: July 1, 2015.

Material Changes

On March 24, 2006, the Company completed the sale of a portfolio of eight Residence Inn hotels to affiliates of Schuylkill, LLC. This transaction represents a material reduction in the Company's hotel portfolio and a corresponding reduction in its debt load due to the assumption of existing debt by the buyer. The sale was the result of an arms-length negotiation.

Outlook and Risks

The filing does not provide forward-looking guidance, management commentary on future strategy, or specific risk factors beyond the completion of the transaction. The transaction removes the specified assets and associated liabilities from the Company's balance sheet.

Important Facts for Investors to Verify

• Confirmation of the net cash proceeds received after the assumption of $93.7 million in debt.
• Impact of the sale on the Company's remaining portfolio occupancy and revenue per available room (RevPAR).
• Details on the use of proceeds from the transaction (e.g., debt repayment, capital expenditures, or dividends).
• Verification that the transaction was fully consummated as of the report date.

Assets Sold