Ashford Hospitality Trust Announces 2025 Closure of Non-Listed Series J, K Offerings

Real estate investment trust Ashford Hospitality Trust Inc. (NYSE: AHT) plans to close its non-listed Series J and Series K offerings on March 31, 2025. Since launching the Series J and K stocks in 2022, the company raised approximately $180 million of gross proceeds from a network of 52 broker-dealers and registered investment advisers.

“Our non-traded preferred stock offering has allowed us to raise substantial capital during a challenging time in the capital markets,” commented Stephen Zsigray, president and chief executive officer of the REIT. “Given the success of this offering to date and our improved financial condition, we are pleased to announce the upcoming closing of the offering.”

In April 2024, the REIT closed on the sale of the Hilton Boston Back Bay for $171 million ($438,000 per key) in cash. The company said proceeds from the sale were used for debt reduction, including approximately $68 million to pay down its strategic financing.

“We are thrilled with the success of the Series J and K redeemable preferred offering and look forward to providing additional, differentiated alternative investments to financial advisers going forward,” said C. Jay Steigerwald III, CEO of Ashford Securities. “Since July 2021, we have raised over $658 million for the Ashford Group of Companies. We look forward to continuing our contributions to the Ashford Group of Companies growth plans.”

Ashford Hospitality Trust REIT is focused on investing predominantly in upper upscale, full-service hotels.

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