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 | -48.0M |
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 market. Through property acquisitions, asset management, and strategic partnerships, Ashford Hospitality Trust aims to maximize the income potential of its hotel assets. The company's business model revolves around generating income from hotel operations, property appreciation, and potential asset sales, all within the upper upscale, full-service hotel sector.