SEC Filing Summary: Ashford Hospitality Trust, Inc.
Business Context and Reporting Period
This Form 8-K Current Report was filed by Ashford Hospitality Trust, Inc. on April 5, 2004, covering events occurring on April 2, 2004. The filing serves as a Regulation FD disclosure regarding a material corporate transaction.
Key Financial Metrics
The filing details a specific capital expenditure event rather than periodic financial performance metrics.
- Acquisition Cost: Approximately $23.1 million in cash.
- Transaction Type: Cash acquisition of a hotel property.
- Counterparty: Huron Jacksonville Limited Partnership.
The filing text does not provide clear values for revenue, profit, cash flow, margins, total debt, or liquidity positions for the reporting period.
Material Changes
The primary material change is the expansion of the Company's real estate portfolio through the acquisition of a hotel property. This transaction was previously announced in a Form 8-K filed on February 26, 2004, and was formally closed on April 5, 2004.
Outlook, Risks, and Management Commentary
Management commentary is limited to the confirmation of the transaction closure. The filing incorporates a press release (Exhibit 99.22) for further details. No specific guidance, risk factors, contingencies, or unusual items are disclosed within the text of this specific filing.
Investor Verification Checklist
- Verify the specific location and asset class of the hotel property acquired from Huron Jacksonville Limited Partnership.
- Confirm the impact of the $23.1 million cash outflow on the Company's current liquidity and debt covenants.
- Review the attached press release (Exhibit 99.22) for details on the property's projected performance or occupancy rates.
- Check subsequent filings for the integration status of the new asset.