Ashford Hospitality Trust, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021
February 23, 2022 at 04:09 pm EST
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Ashford Hospitality Trust, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported sales was USD 195.86 million compared to USD 74.65 million a year ago. Revenue was USD 248.74 million compared to USD 90.25 million a year ago. Net loss was USD 55.98 million compared to USD 125.78 million a year ago. Basic loss per share from continuing operations was USD 1.75 compared to USD 22.92 a year ago. Diluted loss per share from continuing operations was USD 1.75 compared to USD 22.92 a year ago.
For the full year, sales was USD 655.12 million compared to USD 407.49 million a year ago. Revenue was USD 805.41 million compared to USD 508.24 million a year ago. Net loss was USD 267.01 million compared to USD 543.88 million a year ago. Basic loss per share from continuing operations was USD 12.37 compared to USD 329.97 a year ago. Diluted loss per share from continuing operations was USD 12.43 compared to USD 329.97 a year ago.
Ashford Hospitality Trust, Inc. is a real estate investment trust (REIT). The Company's portfolio consists of upscale hotels and upper upscale full-service hotels. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP). The Company's hotel properties are primarily branded under the brands of Hilton, Hyatt, Marriott and Intercontinental Hotel Group. The Company operates through one segment: direct hotel investments. The Companyâs portfolio consists of 90 hotels with 20,549 rooms. It owns a 15.1 % ownership in OpenKey, Inc. The Company owns four consolidated operating hotel properties, which represent 405 total rooms owned through a 99.4% ownership interest in Stirling REIT OP, LP (Stirling OP). The Company also has an investment in an entity that owns the Meritage Resort and Spa and the Grand Reserve at the Meritage (the Meritage Investment) in Napa, California.
ASHFORD HOSPITALITY TRUST, INC. 
