Ashford Hospitality Trust Declares Dividends For Second Quarter Of 2013

   Ashford Hospitality Trust Declares Dividends For Second Quarter Of 2013

PR Newswire

DALLAS, June 14, 2013

DALLAS, June 14, 2013 /PRNewswire/ --Ashford Hospitality Trust, Inc. (NYSE:
AHT) today announced that its Board of Directors declared a quarterly cash
dividend of $0.12 per diluted share for the Company's common stock for the
second quarter ending June 30, 2013. The dividend, which equates to an annual
rate of $0.48 per share, is payable on July 15, 2013, to shareholders of
record as of June 28, 2013.

The Board declared a quarterly cash dividend of $0.5344 per diluted share for
the Company's 8.55% Series A Cumulative Preferred Stock for the second quarter
ending June 30, 2013. The dividend, which equates to an annual rate of $2.1375
per share, is payable on July 15, 2013, to shareholders of record as of June
28, 2013.

The Board declared a quarterly cash dividend of $0.5281 per diluted share for
the Company's 8.45% Series D Cumulative Preferred Stock for the second quarter
ending June 30, 2013. The dividend, which equates to an annual rate of $2.1125
per share, is payable on July 15, 2013, to shareholders of record as of June
28, 2013.

The Board declared a quarterly cash dividend of $ 0.5625 per diluted share for
the Company's 9.00% Series E Cumulative Preferred Stock for the second quarter
ending June 30, 2013. The dividend, which equates to an annual rate of $2.25
per share, is payable on July 15, 2013, to shareholders of record as of June
28, 2013.

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 www.ahtreit.com.

Follow Chairman and CEO Monty Bennett on Twitter at
www.twitter.com/MBennettAshford or @MBennettAshford.

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
control.

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. EBITDA multiple is defined as the
purchase price divided by the annual EBITDA. 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
otherwise.

SOURCE Ashford Hospitality Trust, Inc.

Website: http://www.ahtreit.com
Contact: David Kimichik, Chief Financial Officer, (972) 490-9600, Elise
Chittick, Investor Relations, (972) 778-9487, Scott Eckstein, Financial
Relations Board, (212) 827-3766
 
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