Ashford Hospitality Trust Expects To Report Occupancy Of Approximately 71% For Q3 With Average Daily Rate Of $187 Resulting In RevPAR Of Approximately $132
Portfolio Pulse from Benzinga Newsdesk
Ashford Hospitality Trust (AHT) reports a Q3 occupancy rate of 71% with an average daily rate of $187, resulting in a RevPAR of $132, a 1.6% decrease from Q3 2023. Monthly RevPAR changes for July, August, and September 2024 show slight fluctuations. The company also continues its Non-Traded Preferred Equity offering.
October 07, 2024 | 8:27 pm
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NEGATIVE IMPACT
Ashford Hospitality Trust reports a slight decrease in Q3 RevPAR compared to last year, with monthly fluctuations in RevPAR for July, August, and September 2024. The ongoing Non-Traded Preferred Equity offering may impact financial strategies.
The decrease in RevPAR indicates a slight decline in revenue performance, which could negatively impact short-term stock prices. The ongoing Non-Traded Preferred Equity offering suggests a focus on financial restructuring, which may not immediately boost investor confidence.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100