Ashford Hospitality Trust Inc. reported a funds from operations (FFO) loss of $12.4 million, or $2.21 per share, for the fourth quarter of 2024. This FFO loss follows a reported profit in the same period a year earlier.
The reported FFO loss contrasts with preliminary operational results announced in January, which indicated an expected comparable RevPAR increase of approximately 3.0% compared to the fourth quarter of 2023. Preliminary results also showed total hotel revenue increasing approximately 4.4% in Q4 and 6.9% in December, attributed to the 'GRO AHT' initiative's ancillary revenue streams.
The company continues to focus on maximizing performance and value of its assets and increasing shareholder value, particularly through the execution of its 'GRO AHT' strategy and the recent repayment of its corporate strategic financing.
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