Ashford Hospitality Trust, Inc. 8.45% Series D

Ashford Hospitality Trust, Inc. is a real estate investment trust, which invests in the hospitality industry. The company is headquartered in Dallas, Texas and currently employs 82 full-time employees. The company went IPO on 2003-08-26. The firm owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP). Its hotel properties are primarily under the upscale and upper upscale brands of Hilton, Hyatt, Marriott and Intercontinental Hotel Group. The company operates in one business segment within the hotel lodging industry: direct hotel investments. The company has a portfolio consisting of approximately 63 consolidated operating hotel properties, which represent approximately 15,543 total rooms. The firm owns four consolidated operating hotel properties, which represent 405 total rooms owned through a 98.7% 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.