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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 base ....
More travel executives get their mission-critical industry news from Skift than any other source on the planet.Tell me more The floodgates opened this week on the second round of federally backed Paycheck Protection Program small business loans for companies struggling during the pandemic. But a hotel company embroiled in scrutiny during PPP 1.0 has found a different survival plan. Ashford Hospitality Trust was among a trio of companies tied to Dallas-based hotelier Monty Bennett that took fire for receiving tens of millions of dollars in PPP loans under a $2 trillion relief measure passed early in the pandemic. Critics chided Ashford Trust, a real estate trust owning Ritz-Carlton and W-branded properties, and Bennett, a wealthy businessman, of taking advantage of a program intended to help struggling mom and pop businesses in the global pandemic. ....