Ashford Hospitality Trust is evaluating strategic alternatives to maximize shareholder value.
The Board of Directors has formed a Special Committee for this purpose.
The Company terminated the current offering of its Series L and M Non-Traded Preferred Stock.
Special Committee Formation
The Board formed a Special Committee to explore strategic alternatives.
Shareholder Value Maximization
The focus is maximizing shareholder value through potential transactions.
Asset Value Discrepancy
Concern over the gap between portfolio value and stock market value.
- The Company aims to bridge the gap between portfolio and stock value.
- Suspension of redemptions for non-traded preferred stock to impact operations.
- Focus on driving EBITDA growth and strengthening the balance sheet.
Ashford Hospitality Trust's decision to explore strategic alternatives signals a proactive approach to enhancing shareholder value and addressing discrepancies in market valuation.