Ashford Hospitality Trust, Inc. (NYSE: AHT) today announced that the
Board of Directors has authorized an additional $75 million of the
Company’s common stock that may be purchased
under its share repurchase program. The Company had recently completed
substantially all of the repurchase of the $50 million previously
allocated under its existing share repurchase program.
Repurchases under the share repurchase program will be exercised from
time to time, subject to market conditions and regulatory
considerations. Repurchases may be made under a Rule 10b5-1 plan
compliant with Rule 10b-18 of the Securities Exchange Act of 1934.
Ashford Hospitality Trust is a self-administered real estate investment
trust focused on investing in the hospitality industry across all
segments and at all levels of the capital structure, including direct
hotel investments, first mortgages, mezzanine loans and sale-leaseback
transactions. Additional information can be found on the Company's web
site at www.ahtreit.com.
Certain statements and assumptions in this press release contain or
are based upon "forward-looking" information and are being made pursuant
to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995.
These forward-looking statements are subject
to risks and uncertainties.
When we use the words "will likely
result," "may," "anticipate," "estimate," "should," "expect," "believe,"
"intend," or similar expressions, we intend to identify forward-looking
statements.
Such forward-looking statements include, but are not
limited to, the timing for closing, the impact of the transaction on our
business and future financial condition, our business and investment
strategy, our understanding of our competition and current market trends
and opportunities and projected capital expenditures.
Such
statements are subject to numerous assumptions and uncertainties, many
of which are outside Ashford's control.
These forward-looking statements are subject to known and unknown
risks and uncertainties, which could cause actual results to differ
materially from those anticipated, including, without limitation:
general
volatility of the capital markets and the market price of our common
stock; changes in our business or investment strategy; availability,
terms and deployment of capital; availability of qualified personnel;
changes in our industry and the market in which we operate, interest
rates or the general economy; and the degree and nature of our
competition.
These and other risk factors are more fully
discussed in Ashford's filings with the Securities and Exchange
Commission.
The forward-looking statements included in this press release are
only made as of the date of this press release.
Investors should
not place undue reliance on these forward-looking statements.
We
are not obligated to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or
circumstances, changes in expectations or otherwise.
