Ashford Hospitality Trust, Inc. (NYSE:AHT) announced its preliminary expectations for Revenue Per Available Room (RevPAR) and Adjusted Funds from Operations (AFFO) for the third quarter ended September 30, 2011. The Company expects to report an increase of approximately 5.9% in RevPAR for all Legacy hotels in continuing operations and an increase of approximately 5.5% in RevPAR for all hotels in continuing operations in the Highland Hospitality Portfolio for the third quarter of 2011, compared with the previous year. Not including nonrecurring items, Ashford also expects to report AFFO of approximately $0.36 to $0.40 per diluted share for the third quarter of 2011, compared with $0.33 per diluted share in 2010. Ashford plans to issue its earnings release for the third quarter after the market closes on Wednesday, November 9, 2011, and will host a conference call on Thursday, November 10, 2011, at 11 a.m. ET. The number to call for this interactive teleconference is (480) 629-9818 .
Ashford Hospitality Trust, Inc. is a publicly owned real estate investment trust. The firm engages in investment and management of properties in the hospitality industry. It invests in the real estate markets of the United States.
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October 20th, 2011 at 01:44 pm