Name | Value |
---|---|
Revenues | 319.9M |
Cost of Revenue | 291.2M |
Gross Profit | 28.7M |
Operating Expense | 33.8M |
Operating I/L | -5.1M |
Other Income/Expense | -26.2M |
Interest Income | 2.2M |
Pretax | -31.3M |
Income Tax Expense | -1.5M |
Net Income/Loss | -29.4M |
Ashford Hospitality Trust is a real estate investment trust (REIT) specializing in upper upscale, full-service hotels. The company generates revenue by investing in and owning a portfolio of hotel properties, primarily targeting the upper upscale segment of the hospitality industry. Ashford Hospitality Trust's business model revolves around acquiring, owning, and managing these hotel assets to generate income through room bookings, food and beverage services, event hosting, and other hospitality-related activities. By focusing on the upper upscale market, the company aims to capture the higher spending power of discerning travelers and maximize returns for its investors.