ASHFORD HOSPITALITY TRUST INC
For the period ended Dec 31, 2023. Filed Mar 14, 2024.
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FY2023 · Filed Mar 14, 2024
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Item 2. Properties
OFFICES. We lease our headquarters located at 14185 Dallas Parkway, Suite 1200, Dallas, Texas 75254.
HOTEL PROPERTIES. As of December 31, 2023, our portfolio consisted of 90 hotel properties, four Stirling OP hotel properties and one hotel property under development that were included in our consolidated operations. Currently, all of our hotel properties are located in the United States. The following table presents certain information related to our hotel properties:
| Hotel Property · Location · Service Type · Total Rooms · % Owned · Owned Rooms · Year Ended December 31, 2023 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Occupancy · ADR · RevPAR | ||||||||
| Fee Simple Properties | ||||||||
| Embassy Suites | Austin, TX | Full service | 150 | 100 | 150 | 72.60% | $162.03 | $117.66 |
| Embassy Suites | Dallas, TX | Full service | 150 | 100 | 150 | 66.30% | $137.94 | $91.49 |
| Embassy Suites | Herndon, VA | Full service | 150 | 100 | 150 | 73.90% | $171.17 | $126.45 |
| Embassy Suites | Las Vegas, NV | Full service | 220 | 100 | 220 | 83.90% | $169.31 | $142.05 |
| Embassy Suites | Houston, TX | Full service | 150 | 100 | 150 | 68.10% | $152.16 | $103.60 |
| Embassy Suites | West Palm Beach, FL | Full service | 160 | 100 | 160 | 76.90% | $188.13 | $144.69 |
| Embassy Suites | Philadelphia, PA | Full service | 263 | 100 | 263 | 73.90% | $163.71 | $120.93 |
| Embassy Suites | Arlington, VA | Full service | 269 | 100 | 269 | 77.80% | $216.80 | $168.74 |
| Embassy Suites | Portland, OR | Full service | 276 | 100 | 276 | 56.90% | $166.44 | $94.71 |
| Embassy Suites | Santa Clara, CA | Full service | 258 | 100 | 258 | 59.80% | $227.67 | $136.21 |
| Embassy Suites | Orlando, FL | Full service | 174 | 100 | 174 | 86.90% | $169.13 | $146.97 |
| Hilton Garden Inn | Jacksonville, FL | Select service | 119 | 100 | 119 | 73.70% | $139.91 | $103.15 |
| Hilton Garden Inn | Austin, TX | Select service | 254 | 100 | 254 | 59.80% | $214.69 | $128.39 |
| Hilton Garden Inn | Baltimore, MD | Select service | 158 | 100 | 158 | 73.60% | $124.66 | $91.70 |
| Hilton Garden Inn | Virginia Beach, VA | Select service | 176 | 100 | 176 | 75.70% | $163.04 | $123.49 |
| Hilton | Houston, TX | Full service | 242 | 100 | 242 | 64.80% | $133.34 | $86.39 |
| Hilton | St. Petersburg, FL | Full service | 333 | 100 | 333 | 71.20% | $198.33 | $141.28 |
| Hilton | Santa Fe, NM | Full service | 158 | 100 | 158 | 77.30% | $224.16 | $173.31 |
| Hotel Property · Location · Service Type · Total Rooms · % Owned · Owned Rooms · Year Ended December 31, 2023 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Occupancy · ADR · RevPAR | ||||||||
| Hilton | Bloomington, MN | Full service | 300 | 100 | 300 | 57.10% | $131.91 | $75.25 |
| Hilton | Costa Mesa, CA | Full service | 486 | 100 | 486 | 79.80% | $152.34 | $121.61 |
| Hilton | Boston, MA | Full service | 390 | 100 | 390 | 90.90% | $290.84 | $264.27 |
| Hilton | Parsippany, NJ | Full service | 353 | 100 | 353 | 42.70% | $167.58 | $71.60 |
| Hilton | Tampa, FL | Full service | 238 | 100 | 238 | 81.20% | $175.67 | $142.73 |
| Hilton | Alexandria, VA | Full service | 252 | 100 | 252 | 65.10% | $210.87 | $137.27 |
| Hilton | Santa Cruz, CA | Full service | 178 | 100 | 178 | 76.90% | $182.98 | $140.67 |
| Hilton | Ft. Worth, TX | Full service | 294 | 100 | 294 | 67.20% | $182.03 | $122.33 |
| Hampton Inn (7) | Buford, GA | Select service | 92 | 100 | 92 | 86.46% | $152.79 | $132.10 |
| Hampton Inn | Lawrenceville, GA | Select service | 85 | 100 | 85 | 79.70% | $120.19 | $95.78 |
| Hampton Inn | Evansville, IN | Select service | 140 | 100 | 140 | 55.10% | $125.96 | $69.41 |
| Hampton Inn | Parsippany, NJ | Select service | 152 | 100 | 152 | 65.80% | $139.06 | $91.49 |
| Marriott | Beverly Hills, CA | Full service | 260 | 100 | 260 | 86.70% | $267.52 | $231.92 |
| Marriott | Arlington, VA | Full service | 703 | 100 | 703 | 75.30% | $208.99 | $157.40 |
| Marriott | Dallas, TX | Full service | 265 | 100 | 265 | 73.80% | $145.33 | $107.25 |
| Marriott | Fremont, CA | Full service | 357 | 100 | 357 | 67.90% | $156.62 | $106.29 |
| Marriott | Memphis, TN | Full service | 232 | 100 | 232 | 74.40% | $165.76 | $123.28 |
| Marriott | Irving, TX | Full service | 499 | 100 | 499 | 77.50% | $162.11 | $125.59 |
| Marriott | Omaha, NE | Full service | 300 | 100 | 300 | 56.40% | $142.15 | $80.21 |
| Marriott | Sugarland, TX | Full service | 300 | 100 | 300 | 81.90% | $153.70 | $125.84 |
| SpringHill Suites by Marriott | Baltimore, MD | Select service | 133 | 100 | 133 | 73.00% | $108.03 | $78.91 |
| SpringHill Suites by Marriott | Kennesaw, GA | Select service | 90 | 100 | 90 | 71.50% | $135.96 | $97.27 |
| SpringHill Suites by Marriott | Manhattan Beach, CA | Select service | 164 | 100 | 164 | 76.60% | $142.07 | $108.84 |
| SpringHill Suites by Marriott | Plymouth Meeting, PA | Select service | 199 | 100 | 199 | 47.20% | $116.10 | $54.83 |
| SpringHill Suites by Marriott (7) | Buford, GA | Select service | 97 | 100 | 97 | 70.19% | $137.67 | $96.56 |
| Fairfield Inn by Marriott | Kennesaw, GA | Select service | 86 | 100 | 86 | 65.10% | $124.67 | $81.10 |
| Courtyard by Marriott | Bloomington, IN | Select service | 117 | 100 | 117 | 69.60% | $146.49 | $102.01 |
| Courtyard by Marriott - Tremont | Boston, MA | Select service | 315 | 100 | 315 | 76.80% | $273.59 | $210.02 |
| Courtyard by Marriott | Columbus, IN | Select service | 90 | 100 | 90 | 39.70% | $104.60 | $41.56 |
| Courtyard by Marriott | Denver, CO | Select service | 202 | 100 | 202 | 88.00% | $155.43 | $136.71 |
| Courtyard by Marriott | Manchester, CT | Select service | 90 | 100 | 90 | 76.10% | $147.34 | $112.16 |
| Courtyard by Marriott | Gaithersburg, MD | Select service | 210 | 100 | 210 | 69.00% | $168.43 | $116.19 |
| Courtyard by Marriott | Crystal City, VA | Select service | 272 | 100 | 272 | 78.70% | $176.75 | $139.19 |
| Courtyard by Marriott | Overland Park, KS | Select service | 168 | 100 | 168 | 56.80% | $134.03 | $76.17 |
| Courtyard by Marriott | Foothill Ranch, CA | Select service | 156 | 100 | 156 | 76.80% | $151.48 | $116.41 |
| Courtyard by Marriott | Alpharetta, GA | Select service | 154 | 100 | 154 | 62.10% | $125.41 | $77.92 |
| Courtyard by Marriott | Oakland, CA | Select service | 156 | 100 | 156 | 74.40% | $135.58 | $100.81 |
| Courtyard by Marriott | Scottsdale, AZ | Select service | 180 | 100 | 180 | 72.30% | $183.17 | $132.40 |
| Courtyard by Marriott | Plano, TX | Select service | 153 | 100 | 153 | 51.60% | $146.29 | $75.43 |
| Courtyard by Marriott | Newark, CA | Select service | 181 | 100 | 181 | 71.70% | $125.72 | $90.17 |
| Courtyard by Marriott | Basking Ridge, NJ | Select service | 235 | 100 | 235 | 51.80% | $160.00 | $82.83 |
| Marriott Residence Inn | Evansville, IN | Select service | 78 | 100 | 78 | 80.20% | $111.23 | $89.18 |
| Marriott Residence Inn | Orlando, FL | Select service | 350 | 100 | 350 | 75.30% | $143.89 | $108.29 |
| Marriott Residence Inn | Falls Church, VA | Select service | 159 | 100 | 159 | 81.40% | $161.83 | $131.65 |
| Marriott Residence Inn | San Diego, CA | Select service | 150 | 100 | 150 | 82.60% | $197.08 | $162.84 |
| Marriott Residence Inn | Salt Lake City, UT | Select service | 144 | 100 | 144 | 54.70% | $149.29 | $81.61 |
| Marriott Residence Inn | Las Vegas, NV | Select service | 256 | 100 | 256 | 80.40% | $175.13 | $140.87 |
| Marriott Residence Inn | Phoenix, AZ | Select service | 200 | 100 | 200 | 67.70% | $138.05 | $93.52 |
| Marriott Residence Inn | Plano, TX | Select service | 126 | 100 | 126 | 58.70% | $104.10 | $61.06 |
| Marriott Residence Inn | Newark, CA | Select service | 168 | 100 | 168 | 79.50% | $140.55 | $111.73 |
| Marriott Residence Inn (7) | Jacksonville, FL | Select service | 120 | 100 | 120 | 71.66% | $138.54 | $99.27 |
| Marriott Residence Inn (7) | Manchester, CT | Select service | 96 | 100 | 96 | 79.84% | $155.64 | $124.26 |
| TownePlace Suites by Marriott | Manhattan Beach, CA | Select service | 143 | 100 | 143 | 78.00% | $150.42 | $117.26 |
| One Ocean | Atlantic Beach, FL | Full service | 193 | 100 | 193 | 67.30% | $266.40 | $179.30 |
| Sheraton Hotel | Minneapolis, MN | Full service | 220 | 100 | 220 | 53.20% | $135.30 | $72.03 |
| Sheraton Hotel | Indianapolis, IN | Full service | 378 | 100 | 378 | 56.40% | $163.30 | $92.05 |
| Hotel Property · Location · Service Type · Total Rooms · % Owned · Owned Rooms · Year Ended December 31, 2023 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Occupancy · ADR · RevPAR | ||||||||||||
| Sheraton Hotel | Anchorage, AK | Full service | 370 | 100 | 370 | 70.20% | $188.57 | $132.32 | ||||
| Sheraton Hotel | San Diego, CA | Full service | 260 | 100 | 260 | 83.30% | $159.38 | $132.71 | ||||
| Hyatt Regency | Coral Gables, FL | Full service | 254 | 100 | 254 | 73.20% | $242.70 | $177.64 | ||||
| Hyatt Regency | Hauppauge, NY | Full service | 358 | 100 | 358 | 60.60% | $163.48 | $99.03 | ||||
| Hyatt Regency | Savannah, GA | Full service | 351 | 100 | 351 | 91.40% | $225.61 | $206.11 | ||||
| Renaissance | Nashville, TN | Full service | 674 | 100 | 674 | 83.10% | $277.31 | $230.33 | ||||
| Annapolis Historic Inn | Annapolis, MD | Full service | 124 | 100 | 124 | 64.40% | $190.95 | $122.92 | ||||
| Lakeway Resort & Spa | Austin, TX | Full service | 168 | 100 | 168 | 54.30% | $246.52 | $133.90 | ||||
| Silversmith | Chicago, IL | Full service | 144 | 100 | 144 | 58.70% | $194.88 | $114.45 | ||||
| The Churchill | Washington, D.C. | Full service | 173 | 100 | 173 | 66.70% | $194.98 | $130.04 | ||||
| The Melrose | Washington, D.C. | Full service | 240 | 100 | 240 | 74.40% | $200.33 | $148.99 | ||||
| Le Pavillon (1) | New Orleans, LA | Full service | 226 | 100 | 226 | 45.80% | $157.69 | $72.28 | ||||
| The Ashton | Ft. Worth, TX | Full service | 39 | 100 | 39 | 61.10% | $182.91 | $111.84 | ||||
| Westin | Princeton, NJ | Full service | 296 | 100 | 296 | 69.20% | $181.29 | $125.46 | ||||
| Hotel Indigo | Atlanta, GA | Full service | 141 | 100 | 141 | 59.10% | $164.20 | $96.99 | ||||
| Ritz-Carlton | Atlanta, GA | Full service | 444 | 100 | 444 | 66.20% | $293.99 | $194.61 | ||||
| La Posada de Santa Fe | Santa Fe, NM | Full service | 157 | 100 | 157 | 77.90% | $284.32 | $221.44 | ||||
| Leasehold Properties | ||||||||||||
| La Concha Key West (2) (3) | Key West, FL | Full service | 160 | 100 | 160 | 67.70% | $352.12 | $238.26 | ||||
| Renaissance (4) | Palm Springs, CA | Full service | 410 | 100 | 410 | 70.40% | $196.15 | $138.13 | ||||
| Hilton (5) | Marietta, GA | Full service | 200 | 100 | 200 | 66.60% | $172.19 | $114.72 | ||||
| Le Meridien (6) | Fort Worth, TX | Full service | 188 | 33 | 61 | N/A | N/A | N/A | ||||
| Total | 21,142 | 21,015 | 70.71% | $184.53 | $130.48 | |||||||
(1) The Company entered into a new franchise agreement with Marriott to convert the Le Pavillon in New Orleans, Louisiana to a Tribute Portfolio property. The agreement with Marriott calls for the hotel to be converted to a Tribute Portfolio property by December 31, 2024.
(2) The ground lease expires in 2084.
(3)The Company entered into a franchise agreement with Marriott to convert the La Concha Key West Hotel in Key West, Florida to an Autograph Collection property. The agreement with Marriott calls for the hotel to operate under Marriott White Label beginning on November 15, 2023 and to be converted to an Autograph property by April 1, 2025.
(4)The ground lease expires in 2083.
(5)The lease expires in 2054 and includes the lease of the land, hotel and conference center (including the building, improvements, furniture, fixtures and equipment).
(6) The lease expires in 2120 and includes the lease of the land and building. The property is under development.
(7) Property owned by Stirling OP, but consolidated by the Company.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.