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EX-99.1 - EX-99.1 - ASHFORD HOSPITALITY TRUST INCd83219exv99w1.htm
 
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): June 29, 2011
ASHFORD HOSPITALITY TRUST, INC.
(Exact name of registrant as specified in its charter)
         
MARYLAND
(State of Incorporation)
  001-31775
(Commission File Number)
  86-1062192
(I.R.S. Employer Identification Number)
     
14185 Dallas Parkway, Suite 1100    
Dallas, Texas   75254
(Address of principal executive offices)   (Zip code)
Registrant’s telephone number, including area code: (972) 490-9600
Check the appropriate box if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Item 7.01. Other Events.
     On June 29, 2011, Ashford Hospitality Trust, Inc. (the “Company”) announced that it priced 7,000,000 shares of Common Stock at $12.50 per share, the closing of which is expected on July 5, 2011. The Company expects to use the net proceeds from the offering to repay its outstanding borrowings under its senior credit facility, for general corporate purposes, including, without limitation, financing future hotel-related investments, capital expenditures and working capital or repayment of other debt or obligations.
     The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
     (c) Exhibits
     
Exhibit No.   Description
 
   
99.1
  Press Release, issued by Ashford Hospitality Trust, Inc. on June 29, 2011.

 


 

SIGNATURE
Pursuant to the requirements of Section 12 of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: June 29, 2011
         
  ASHFORD HOSPITALITY TRUST, INC.
 
 
  By:   /s/ DAVID A. BROOKS    
    David A. Brooks   
    Chief Operating Officer and General Counsel