Dallas-based Braemar Hotels and Resorts Inc. is getting back into the hotel-buying business, spending nearly $80 million to acquire a 138-room hotel in.
Equity Real Estate Investment Trusts (REITs)
Ashford Hospitality Trust Inc. is a real estate investment trust that invests in full-service upscale and upper-upscale hotel properties in the U.S. The company owns and operates its assets through its operating partnership, Ashford Hospitality Limited Partnership. All of its hotels are located across the U.S. and operate under the Marriott, Hilton, Hyatt, Crowne Plaza, and Sheraton brands. Ashford s sole segment is Direct Hotel Investments, through which it owns hotels by acquisition or development. Ashford also provides rest estate investment services, such as mezzanine financing, first mortgage financing, and sales-leaseback transactions. Its revenue streams include Room revenue, Food and beverage revenue, and Other revenue. Room revenue accounts for the majority of total revenue.
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Bram Berkowitz mainly writes in the financials bureau covering the banking sector. Prior to The Motley Fool, he wrote about and covered community and regional banks in New England for The Warren Group. Follow @BramBerko
What happened
Shares of
Ashford Hospitality Trust (NYSE:AHT) were trading 10.6% higher as of 11:20 a.m. EDT today, after the company s advisor posted an investor presentation that provided strategic updates.
So what
Ashford Hospitality Trust is a real estate investment trust (REIT) that primarily invests in upscale hotels. The company is advised by
Ashford Inc. (NYSEMKT:AINC), which also advises another REIT called
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Aimbridge Hospitality, the leading, global, third-party hotel management company, announced that Jamelia Lehn has been promoted to Senior Vice President of Belonging, Inclusion & People Strategies where she will lead and manage all of Aimbridge Hospitality s diversity and inclusion efforts.
Lehn will build momentum around Aimbridge s commitment to a culture of diversity, inclusion, belonging, and soci al responsibility at all levels within the company. She will manage the implementation of strategy, best practices, programs, initiatives, and training to achieve a more diverse and inclusive workplace. Lehn will also act as a strong voice on behalf of diversity and inclusion for Aimbridge and the industry overall, in addition to working in tandem with Aimbridge s Talent Acquisition and Learning and Development teams to integrate all diversity and inclusion efforts throughout the employment experience.
Operator
Greetings. Welcome to Ashford Hospitality Trust first-quarter 2021 results conference call. [Operator instructions] Please note, this conference is being recorded. I will now turn the conference over to Jordan Jennings, investor relations for Ashford Hospitality.
Thank you. You may begin.
Jordan Jennings
Investor Relations
Good day, everyone, and welcome to today s call conference call to review the results for Ashford Hospitality Trust for the first quarter of 2021 and to update you on recent developments. On the call today will be Rob Hays, president and chief executive officer; Deric Eubanks, chief financial officer; and Jeremy Welter, chief operating officer. The results, as well as notice of the accessibility of this conference call on a listen-only basis over the Internet were distributed yesterday afternoon in a press release. At this time, let me remind you that certain statements and assumptions in this conference call contain or are based upon forward-loo