ASHFORD HOSPITALITY TRUST INC
For the period ended Dec 31, 2024. Filed Mar 21, 2025.
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FY2024 · Filed Mar 21, 2025
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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, 2024, our portfolio consisted of 68 operating hotel properties, one consolidated operating hotel property through a 29.3% owned investment in a consolidated entity and four Stirling OP hotel properties 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, 2024 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Occupancy · ADR · RevPAR | ||||||||
| Fee Simple Properties | ||||||||
| Embassy Suites | Austin, TX | Full-service | 150 | 100 | 150 | 67.40% | $158.64 | $106.95 |
| Embassy Suites | Dallas, TX | Full-service | 150 | 100 | 150 | 59.00% | $139.55 | $82.27 |
| Embassy Suites | Herndon, VA | Full-service | 150 | 100 | 150 | 79.60% | $165.35 | $131.58 |
| Embassy Suites | Las Vegas, NV | Full-service | 220 | 100 | 220 | 86.80% | $176.29 | $152.94 |
| Embassy Suites | Houston, TX | Full-service | 150 | 100 | 150 | 71.60% | $150.53 | $107.74 |
| Embassy Suites | West Palm Beach, FL | Full-service | 160 | 100 | 160 | 73.30% | $192.42 | $141.06 |
| Embassy Suites | Philadelphia, PA | Full-service | 263 | 100 | 263 | 68.30% | $168.79 | $115.28 |
| Embassy Suites | Arlington, VA | Full-service | 269 | 100 | 269 | 79.50% | $225.50 | $179.32 |
| Embassy Suites | Portland, OR | Full-service | 276 | 100 | 276 | 59.30% | $166.51 | $98.66 |
| Embassy Suites | Santa Clara, CA | Full-service | 258 | 100 | 258 | 65.10% | $243.82 | $158.63 |
| Embassy Suites | Orlando, FL | Full-service | 174 | 100 | 174 | 88.90% | $167.14 | $148.55 |
| Hilton Garden Inn | Jacksonville, FL | Select-service | 119 | 100 | 119 | 64.80% | $136.15 | $88.25 |
| Hilton Garden Inn | Austin, TX | Select-service | 254 | 100 | 254 | 58.60% | $207.13 | $121.32 |
| Hilton Garden Inn | Baltimore, MD | Select-service | 158 | 100 | 158 | 74.70% | $127.25 | $95.08 |
| Hilton Garden Inn | Virginia Beach, VA | Select-service | 176 | 100 | 176 | 71.40% | $162.46 | $116.05 |
| Hilton | Houston, TX | Full-service | 242 | 100 | 242 | 68.60% | $138.08 | $94.74 |
| Hilton | St. Petersburg, FL | Full-service | 333 | 100 | 333 | 72.30% | $200.57 | $145.10 |
| Hilton | Santa Fe, NM | Full-service | 158 | 100 | 158 | 80.30% | $225.15 | $180.82 |
| Hilton | Bloomington, MN | Full-service | 300 | 100 | 300 | 58.60% | $129.87 | $76.16 |
| Hilton | Costa Mesa, CA | Full-service | 486 | 100 | 486 | 76.10% | $155.17 | $118.08 |
| Hilton | Parsippany, NJ | Full-service | 353 | 100 | 353 | 42.00% | $169.72 | $71.23 |
| Hilton | Tampa, FL | Full-service | 238 | 100 | 238 | 78.50% | $181.48 | $142.49 |
| Hilton | Alexandria, VA | Full-service | 252 | 100 | 252 | 66.20% | $217.08 | $143.61 |
| Hilton | Santa Cruz, CA | Full-service | 178 | 100 | 178 | 74.60% | $172.86 | $128.98 |
| Hilton | Ft. Worth, TX | Full-service | 294 | 100 | 294 | 65.30% | $187.25 | $122.19 |
| Hampton Inn (7) | Buford, GA | Select-service | 92 | 100 | 92 | 79.26% | $144.44 | $114.48 |
| Hampton Inn | Evansville, IN | Select-service | 140 | 100 | 140 | 59.50% | $126.55 | $75.24 |
| Hampton Inn | Parsippany, NJ | Select-service | 152 | 100 | 152 | 66.40% | $137.29 | $91.09 |
| Marriott | Beverly Hills, CA | Full-service | 260 | 100 | 260 | 91.90% | $261.45 | $240.33 |
| Marriott | Arlington, VA | Full-service | 703 | 100 | 703 | 75.00% | $222.67 | $166.93 |
| Marriott | Dallas, TX | Full-service | 265 | 100 | 265 | 65.20% | $158.83 | $103.58 |
| Marriott | Fremont, CA | Full-service | 357 | 100 | 357 | 68.30% | $162.73 | $111.22 |
| Marriott | Memphis, TN | Full-service | 232 | 100 | 232 | 71.20% | $161.68 | $115.12 |
| Marriott | Irving, TX | Full-service | 499 | 100 | 499 | 72.60% | $173.98 | $126.37 |
| Marriott | Omaha, NE | Full-service | 300 | 100 | 300 | 60.10% | $140.25 | $84.26 |
| Marriott | Sugarland, TX | Full-service | 303 | 100 | 303 | 72.20% | $161.79 | $116.78 |
| SpringHill Suites by Marriott (7) | Buford, GA | Select-service | 97 | 100 | 97 | 76.34% | $137.23 | $104.77 |
| Courtyard by Marriott | Bloomington, IN | Select-service | 117 | 100 | 117 | 60.20% | $163.00 | $98.09 |
| Courtyard by Marriott - Tremont | Boston, MA | Select-service | 315 | 100 | 315 | 77.80% | $286.76 | $223.10 |
| Courtyard by Marriott | Denver, CO | Select-service | 202 | 100 | 202 | 86.00% | $150.61 | $129.59 |
| Courtyard by Marriott | Gaithersburg, MD | Select-service | 210 | 100 | 210 | 67.30% | $174.59 | $117.56 |
| Courtyard by Marriott | Crystal City, VA | Select-service | 272 | 100 | 272 | 80.50% | $178.68 | $143.84 |
| Courtyard by Marriott | Overland Park, KS | Select-service | 168 | 100 | 168 | 55.50% | $136.37 | $75.68 |
| Courtyard by Marriott | Foothill Ranch, CA | Select-service | 156 | 100 | 156 | 75.30% | $146.28 | $110.19 |
| Courtyard by Marriott | Alpharetta, GA | Select-service | 154 | 100 | 154 | 58.90% | $115.91 | $68.22 |
| Marriott Residence Inn | Evansville, IN | Select-service | 78 | 100 | 78 | 67.90% | $110.17 | $74.78 |
| Marriott Residence Inn | Orlando, FL | Select-service | 350 | 100 | 350 | 74.20% | $147.08 | $109.15 |
| Hotel Property · Location · Service Type · Total Rooms · % Owned · Owned Rooms · Year Ended December 31, 2024 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Occupancy · ADR · RevPAR | ||||||||||||
| Marriott Residence Inn | Falls Church, VA | Select-service | 159 | 100 | 159 | 79.90% | $175.30 | $140.11 | ||||
| Marriott Residence Inn | San Diego, CA | Select-service | 150 | 100 | 150 | 85.50% | $192.47 | $164.47 | ||||
| Marriott Residence Inn (7) | Jacksonville, FL | Select-service | 120 | 100 | 120 | 74.62% | $137.09 | $102.29 | ||||
| Marriott Residence Inn (7) | Manchester, CT | Select-service | 96 | 100 | 96 | 73.79% | $155.88 | $115.03 | ||||
| Sheraton Hotel | Minneapolis, MN | Full-service | 220 | 100 | 220 | 45.70% | $144.30 | $66.02 | ||||
| Sheraton Hotel | Indianapolis, IN | Full-service | 378 | 100 | 378 | 58.60% | $186.02 | $109.07 | ||||
| Sheraton Hotel | Anchorage, AK | Full-service | 370 | 100 | 370 | 73.40% | $203.23 | $149.22 | ||||
| Sheraton Hotel | San Diego, CA | Full-service | 260 | 100 | 260 | 90.40% | $166.37 | $150.34 | ||||
| Hyatt Regency | Coral Gables, FL | Full-service | 254 | 100 | 254 | 76.50% | $243.09 | $185.86 | ||||
| Hyatt Regency | Hauppauge, NY | Full-service | 358 | 100 | 358 | 58.10% | $167.18 | $97.10 | ||||
| Hyatt Regency | Savannah, GA | Full-service | 351 | 100 | 351 | 89.30% | $221.68 | $197.89 | ||||
| Renaissance | Nashville, TN | Full-service | 674 | 100 | 674 | 78.20% | $286.17 | $223.78 | ||||
| Annapolis Historic Inn | Annapolis, MD | Full-service | 124 | 100 | 124 | 62.10% | $195.64 | $121.41 | ||||
| Lakeway Resort & Spa | Austin, TX | Full-service | 168 | 100 | 168 | 50.40% | $220.03 | $110.88 | ||||
| Silversmith | Chicago, IL | Full-service | 144 | 100 | 144 | 66.00% | $204.19 | $134.85 | ||||
| The Churchill | Washington, D.C. | Full-service | 173 | 100 | 173 | 62.60% | $205.17 | $128.51 | ||||
| The Melrose | Washington, D.C. | Full-service | 240 | 100 | 240 | 68.00% | $206.30 | $140.31 | ||||
| Le Pavillon (1) | New Orleans, LA | Full-service | 226 | 100 | 226 | 49.90% | $168.41 | $84.08 | ||||
| Westin | Princeton, NJ | Full-service | 296 | 100 | 296 | 69.50% | $186.28 | $129.40 | ||||
| Hotel Indigo | Atlanta, GA | Full-service | 141 | 100 | 141 | 54.40% | $157.87 | $85.95 | ||||
| Ritz-Carlton | Atlanta, GA | Full-service | 444 | 100 | 444 | 63.80% | $298.87 | $190.82 | ||||
| La Posada de Santa Fe | Santa Fe, NM | Full-service | 157 | 100 | 157 | 76.40% | $286.90 | $219.14 | ||||
| Leasehold Properties | ||||||||||||
| Autograph La Concha (2) (3) | Key West, FL | Full-service | 160 | 100 | 160 | 63.70% | $347.15 | $221.17 | ||||
| Renaissance (4) | Palm Springs, CA | Full-service | 410 | 100 | 410 | 68.00% | $200.23 | $136.13 | ||||
| Hilton (5) | Marietta, GA | Full-service | 200 | 100 | 200 | 64.20% | $173.58 | $111.46 | ||||
| Le Meridien (6) | Fort Worth, TX | Full-service | 188 | 29 | 55 | 46.10% | $206.18 | $95.07 | ||||
| Total | 17,644 | 17,511 | 69.60% | $190.76 | $132.85 | |||||||
(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 conversion was completed in November 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 conversion was completed in December 2024.
(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.
(7) Hotel 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.