Ashford Hospitality Trust Extends Loan and Suspends Preferred Dividends
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 13 2026
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Source: PRnewswire
- Loan Extension: Ashford Hospitality Trust has extended its Highland mortgage loan secured by 18 hotels, reducing the loan balance by $10 million to $723.6 million, which is approximately 65% of appraised value, thereby enhancing the company's financial flexibility.
- Suspension of Preferred Dividends: To preserve liquidity, Ashford has suspended all preferred dividends, including those for Series D, F, G, H, I, J, K, L, and M, although the company intends to pay previously declared but unpaid dividends as soon as practicable, potentially impacting investor confidence.
- Strategic Evaluation: The decision to suspend dividends indicates potential liquidity pressures as the company evaluates strategic alternatives, with future financial decisions to be based on quarterly assessments, which may affect its long-term investment appeal.
- Market Positioning: As a REIT focused on upper upscale, full-service hotels, Ashford's loan extension and liquidity management strategies will directly influence its competitive position and operational capabilities in the fiercely competitive hotel market.
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About AHT
Ashford Hospitality Trust, Inc. is a real estate investment trust (REIT). The Company's portfolio consists of upscale hotels and upper upscale full-service hotels. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP). Its hotel properties are primarily branded under the brands of Hilton, Hyatt, Marriott and Intercontinental Hotel Group. The Company operates through one segment: direct hotel investments. It has a portfolio consisting of approximately 68 consolidated operating hotel properties, which represent over 16,736 total rooms. It owns a 15.1 % ownership in OpenKey, Inc. It owns four consolidated operating hotel properties, which represent 405 total rooms owned through a 99.0% ownership interest in Stirling REIT OP, LP (Stirling OP). The Company also has an investment in an entity that owns the Meritage Resort and Spa and the Grand Reserve at the Meritage (the Meritage Investment) in Napa, California.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Ashford Hospitality Trust Announces 2025 Preferred Share Dividend Information
- Dividend Amount Disclosure: Ashford Hospitality Trust announced its preferred share dividends for 2025, with Series D at $2.1124 per share and Series F and G at $1.8436 each, indicating the company's ongoing efforts to maintain stable cash flow.
- Tax Reporting Preparation: The company will issue Form 1099-DIV in compliance with IRS regulations, ensuring shareholders can accurately report the tax implications of the 2025 dividends, reflecting the company's commitment to compliance.
- Unpaid Dividend Statement: Dividends declared for shareholders of record as of December 31, 2025, remain unpaid, with expectations for prompt payment, which may impact shareholders' cash flow and investment decisions.
- Investor Consultation Advice: The company encourages shareholders to consult tax advisors regarding the federal and local tax implications of the dividends, demonstrating the company's focus on shareholder interests and support.
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Ashford Hospitality Trust Under Investigation for Securities Fraud
- Investigation Launched: Pomerantz LLP is investigating whether Ashford Hospitality Trust and its executives have engaged in securities fraud or other unlawful business practices, which could undermine investor confidence and lead to stock price volatility.
- Loan Extension: On January 13, 2026, Ashford announced it has extended its Highland mortgage loan secured by 18 hotels, aiming to evaluate strategic alternatives and preserve liquidity, indicating financial pressure on the company.
- Dividend Suspension: To maintain liquidity, the company has suspended preferred dividends, including those for Series D, F, G, H, I, J, K, L, and M preferred stock as of December 31, 2025, which may displease investors and affect future financing capabilities.
- Stock Price Decline: Following the dividend suspension announcement, Ashford's stock price fell by $0.35, or 8.1%, closing at $3.97 per share on January 13, 2026, reflecting market concerns regarding the company's financial health.
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