DALLAS, Oct. 7, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") reported today that the Company expects to report Occupancy of approximately 71% for the third quarter of 2024 with Average Daily Rate of approximately $187 resulting in RevPAR of approximately $132. This Comparable RevPAR reflects an approximate decrease of 1.6% compared to the third quarter of 2023.
Additionally, for the month of July 2024, Comparable RevPAR increased approximately 0.3% versus July 2023. For the month of August 2024, Comparable RevPAR decreased approximately 2.1% versus August 2023. For the month of September 2024, Comparable RevPAR decreased approximately 3.0% versus September 2023.
Further, as previously announced, the Company commenced the offering of its Non-Traded Preferred Equity during the third quarter of 2022. As of September 30, 2024, the Company has 6,158,835 shares of its Series J non-traded preferred stock outstanding and 526,708 shares of its Series K non-traded preferred stock outstanding and has raised approximately $167 million of gross proceeds.
Ashford Hospitality Trust is a real ...
