Added to YB: 2024-11-14
Pitch date: 2024-11-13
AHT [bullish]
Ashford Hospitality Trust, Inc.
-66.63%
current return
Author Info
No bio for this author
Company Info
Ashford Hospitality Trust, Inc., together with its subsidiaries, is a real estate investment trust. While our portfolio currently consists of upscale hotels and upper upscale full-service hotels, our investment strategy is predominantly focused on investing in upper upscale full-service hotels in the United States that have revenue per available room generally less than twice the U.
Market Cap
$19.8M
Pitch Price
$9.77
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.03
P/E
-0.20
EV/Sales
2.29
Sector
Hotel and Resort REITs
Category
turnaround
Ashford Hospitality Trust: Deep Discount to NAV Presents Liquidation Potential and Restructuring Opportunity
AHT: Down 45% YTD but rebounding. Crystal City Marriott refi provides $31M excess, reducing Oaktree loan. Asset values exceed debt/preferred. Crystal City implies $29-50M NAV vs $37M mkt cap. Nashville + Crystal City NAV $165M at 70% LTV. 67 additional hotels. Potential liquidation play or mgmt fee restructure.
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