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 September 13, 2004. The filing relates to the Company's effective Registration Statement on Form S-3 (File No. 333-114283), which became effective on September 2, 2004, registering the sale of up to $350,000,000 in debt and equity securities.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity for the reporting period. The document focuses on regulatory filings rather than financial performance data.
Material Changes and Events
- Securities Registration: The Company registered up to $350,000,000 in debt and equity securities under an effective Form S-3.
- Preferred Stock Offering: The filing references a prospectus supplement regarding the Company's Series A Preferred Stock.
- Accountant Consent: The primary purpose of this 8-K is to file the Consent of Independent Accountants allowing the incorporation by reference of historical summaries of revenue and direct operating expenses for four specific properties into the prospectus supplement.
Properties Referenced
The historical financial summaries covered by the accountant's consent relate to the following properties as of January 9, 2004:
- Hilton Garden Inn in Jacksonville, Florida
- SpringHill Suites by Marriott in Jacksonville, Florida
- Homewood Suites in Mobile, Alabama
- Hampton Inn in Atlanta/Lawrenceville, Georgia
Guidance, Outlook, and Risks
The filing text does not provide management commentary, future guidance, outlook, or specific risk factors. It is a procedural filing to satisfy disclosure requirements for the securities offering.
Investor Verification Checklist
- Verify the terms and pricing of the Series A Preferred Stock in the associated prospectus supplement.
- Review the full Registration Statement on Form S-3 (File No. 333-114283) for details on the $350,000,000 securities offering.
- Examine the historical revenue and direct operating expense summaries for the four listed properties to assess asset quality.
- Confirm the status of the Independent Accountants' consent (Exhibit 23.1) regarding the historical data.