Business Context and Reporting Period
Company: Ashford Hospitality Trust, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: July 13, 2006
Reporting Period: Event-based disclosure for the acquisition of a hotel property.
Key Financial Metrics
This filing is a current report regarding a specific corporate event and does not contain comprehensive financial statements, revenue, profit, cash flow, or margin data for a reporting period.
- Acquisition Cost: Approximately $107.0 million.
- Asset Acquired: Marriott Gateway hotel located in Arlington, Virginia.
Material Changes
The primary material change disclosed is the expansion of the Company's portfolio through the acquisition of the Marriott Gateway hotel. No comparative financial data or changes in debt levels resulting from this transaction are detailed in this specific filing text.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or contingencies beyond the announcement of the acquisition. The document serves strictly as a Regulation FD disclosure of the press release issued on July 13, 2006.
Investor Verification Checklist
- Verify the final closing date and exact purchase price of the Marriott Gateway hotel.
- Review the Company's subsequent 10-Q or 10-K filings to determine the funding source for the $107.0 million acquisition (e.g., cash on hand, debt issuance, or equity).
- Assess the impact of this acquisition on the Company's leverage ratios and liquidity position.
- Confirm the projected occupancy rates and revenue performance of the newly acquired Arlington, Virginia property.