- PR Newswire•9 hours ago
External Management Fees Negate Synergies. AHT's proposal for a one-year guarantee of $18 million in cost and operating synergies would be more than offset by external management fees to its external advisor, Ashford Inc., in excess of $25 million. Further, AHT has only offered to guarantee synergies for the first year, whereas these external management fees will be paid every year. Moreover, transferring hotel management to its affiliate, Remington Hotels, would further increase the fees paid to Ashford Inc. after it completes its pending acquisition of Remington. Value Transfer to External Manager. A potential combination would result in a significant value transfer to Ashford Inc. in the form of future external management fees and property management fees, for which neither FelCor nor AHT shareholders would be compensated. Under its external management contract, AHT paid Ashford Inc. over $46 million in fees during the twelve-month period ending September 30, 2016. Bringing FelCor assets under that same external management contract would increase those fees, at a minimum, by more than $25 million annually. Tellingly, the shares that have benefitted the most to date since AHT made its offer public have been the shares of Ashford Inc., not FelCor or AHT.
- PR Newswire•22 hours ago
DALLAS, Feb. 23, 2017 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today reported financial results and performance measures for the ...
- Reuters•3 days ago
Lodging real estate investment trust Ashford Hospitality Trust Inc offered to buy FelCor Lodging Trust Inc in a deal valued at about $1.27 billion and launched a proxy battle for the control of the company's board. FelCor said on Tuesday it would review Ashford Hospitality's proposal. The companies have been in talks since "several months" and that it had formed a transaction committee in December, FelCor said.
AHT : Summary for Ashford Hospitality Trust Inc C - Yahoo Finance
Ashford Hospitality Trust, Inc. (AHT)
NYSE - NYSE Delayed Price. Currency in USD
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|Day's Range||6.32 - 7.27|
|52 Week Range||4.79 - 8.23|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||-9.08|
|Dividend & Yield||0.48 (6.40%)|
|1y Target Est||N/A|