Ashford Hospitality Trust Sets First Quarter Earnings Release And Conference Call Dates

 Ashford Hospitality Trust Sets First Quarter Earnings Release And Conference
                                  Call Dates

PR Newswire

DALLAS, April 16, 2013

DALLAS, April 16, 2013 /PRNewswire/ --Ashford Hospitality Trust, Inc. (NYSE:
AHT) today announced details for the release of its results for the first
quarter ended March 31, 2013.

Ashford plans to issue its earnings release for the first quarter after the
market closes on Wednesday, May 8, 2013, and will host a conference call on
Thursday, May 9, 2013, at 11:00 a.m. ET. The number to call for this
interactive teleconference is (480) 629-9692. A replay of the conference call
will be available through Thursday May 16, 2013, by dialing (303) 590-3030 and
entering the confirmation number, 4613572.

The live broadcast of Ashford Hospitality Trust's quarterly conference call
will be available online at the Company's web site, on
Thursday May 9, 2013, beginning at 11:00 a.m. ET. The online replay will
follow shortly after the call and continue for approximately one year.

Ashford is a self-administered real estate investment trust focused on
investing in the hospitality industry across all segments and at all levels of
the capital structure. Additional information can be found on the Company's
website at

Certain statements and assumptions in this press release contain or are based
upon "forward-looking" information and are being made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are subject to risks and uncertainties. When
we use the words "will likely result," "may," "anticipate," "estimate,"
"should," "expect," "believe," "intend," or similar expressions, we intend to
identify forward-looking statements. Such forward-looking statements include,
but are not limited to, the timing for closing, the impact of the transaction
on our business and future financial condition, our business and investment
strategy, our understanding of our competition and current market trends and
opportunities and projected capital expenditures. Such statements are subject
to numerous assumptions and uncertainties, many of which are outside Ashford's

These forward-looking statements are subject to known and unknown risks and
uncertainties, which could cause actual results to differ materially from
those anticipated, including, without limitation: general volatility of the
capital markets and the market price of our common stock; changes in our
business or investment strategy; availability, terms and deployment of
capital; availability of qualified personnel; changes in our industry and the
market in which we operate, interest rates or the general economy; and the
degree and nature of our competition. These and other risk factors are more
fully discussed in Ashford's filings with the Securities and Exchange
Commission. EBITDA is defined as net income before interest, taxes,
depreciation and amortization. EBITDA yield is defined as trailing twelve
month EBITDA divided by the purchase price. A capitalization rate is
determined by dividing the property's annual net operating income by the
purchase price. Net operating income is the property's funds from operations
minus a capital expense reserve of either 4% or 5% of gross revenues. Funds
from operations ("FFO"), as defined by the White Paper on FFO approved by the
Board of Governors of the National Association of Real Estate Investment
Trusts ("NAREIT") in April 2002, represents net income (loss) computed in
accordance with generally accepted accounting principles ("GAAP"), excluding
gains (or losses) from sales of properties and extraordinary items as defined
by GAAP, plus depreciation and amortization of real estate assets, and net of
adjustments for the portion of these items related to unconsolidated entities
and joint ventures.

The forward-looking statements included in this press release are only made as
of the date of this press release. Investors should not place undue reliance
on these forward-looking statements. We are not obligated to publicly update
or revise any forward-looking statements, whether as a result of new
information, future events or circumstances, changes in expectations or

SOURCE Ashford Hospitality Trust, Inc.

Contact: David Kimichik, Chief Financial Officer, (972) 490-9600, or Elise
Chittick, Investor Relations (972) 778-9487; or Scott Eckstein, Financial
Relations Board, (212) 827-3766
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