ASHFORD HOSPITALITY TRUST INC

Based in Dallas, Texas, Ashford Hospitality Trust is a real estate investment trust that owns and operates upscale and upper upscale full-service hotels across the United States. The company generates revenue primarily through room rentals, food and beverage services, and other ancillary hotel operations at its portfolio properties. The REIT structure allows the company to own real estate assets while delegating day-to-day operational management to third-party hotel operators.

The company's investment strategy focuses on upper upscale full-service hotels positioned in the midscale segment, specifically targeting properties with revenue per available room below twice the U.S. national average. Ashford Hospitality conducts its business through Ashford Hospitality Limited Partnership, its operating partnership, with Ashford OP General Partner LLC serving as the sole general partner. The company pursues investments through multiple channels, including direct real estate ownership, equity investments, and debt instruments.

The trust maintains a distributed capital structure typical of REITs, with preferred and common equity. As of recent reporting, the company operates a portfolio of upscale hotel properties across the United States, though specific property counts and detailed financial scale metrics are subject to change based on ongoing portfolio management activities.