Name | Value |
---|---|
Revenues | 343.0M |
Cost of Revenue | 261.0M |
Gross Profit | 82.0M |
Operating Expense | 51.2M |
Operating I/L | 37.2M |
Other Income/Expense | -101.5M |
Interest Income | 1.9M |
Pretax | -64.3M |
Income Tax Expense | 0.1M |
Net Income/Loss | -63.6M |
Ashford Hospitality Trust is a real estate investment trust (REIT) specializing in upper upscale, full-service hotels. The company generates revenue by investing in these properties and earning income from hotel operations, including room bookings, food and beverage sales, and other hospitality services. Ashford Hospitality Trust focuses on maximizing the profitability of its hotel portfolio through strategic property acquisitions, asset management, and operational efficiency.