Added to YB: 2024-11-14
Pitch date: 2024-11-13
AHT [bullish]
Ashford Hospitality Trust, Inc.
-12.38%
current return
Author Info
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Company Info
Ashford Hospitality Trust, Inc., together with its subsidiaries (“Ashford Trust”), is a real estate investment trust (“REIT”).
Market Cap
$58.9M
Pitch Price
$9.77
Price Target
N/A
Dividend
N/A
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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