Ashford Hospitality Trust announced its preliminary operational results for the third quarter of 2024, expecting occupancy of approximately 71%, an Average Daily Rate of approximately $187, and RevPAR of approximately $132. This comparable RevPAR reflects an approximate decrease of 1.6% compared to the third quarter of 2023.
Monthly comparable RevPAR figures showed a mixed trend, with July 2024 increasing approximately 0.3% versus July 2023, while August 2024 decreased approximately 2.1% and September 2024 decreased approximately 3.0% compared to the prior year periods.
Additionally, the company declared its routine preferred dividends for the fourth quarter ending December 31, 2024, for its Series D, F, G, H, I, J, and K preferred stock. As of September 30, 2024, Ashford Trust had raised approximately $167 million in gross proceeds from its Series J and K non-traded preferred stock offerings.
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