Business Context and Reporting Period
Company: Ashford Hospitality Trust, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: July 7, 2004
Reporting Period: Event-based disclosure regarding a specific transaction closed on July 7, 2004.
Key Financial Metrics
This filing is a Regulation FD disclosure regarding a specific acquisition and does not contain comprehensive financial statements (e.g., revenue, profit, cash flow, or debt totals) for the reporting period.
- Acquisition Cost: Approximately $16.7 million.
- Asset Acquired: One hotel property.
- Seller: Household OPEB I, Inc.
Material Changes
The Company closed on the acquisition of a hotel property previously announced on March 16, 2004. This transaction represents an expansion of the Company's real estate portfolio.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future performance, or specific risk factors beyond the standard disclosure of the acquisition event. The transaction was executed as previously disclosed.
Investor Verification Checklist
- Verify the specific location and operational status of the acquired hotel property.
- Confirm the financing terms used to fund the $16.7 million acquisition (e.g., cash on hand vs. new debt).
- Review the attached Press Release (Exhibit 99.32) for additional details on the property's characteristics.
- Check subsequent filings for the impact of this acquisition on the Company's leverage ratios and liquidity.