Why Shares of Ashford Hospitality Trust Are Up Today
Shares of Ashford Hospitality Trust (NYSE: AHT) were trading 10.6% higher as of 11:20 a.m. EDT today, after the company's advisor posted an investor presentation that provided strategic updates.
Ashford Hospitality Trust is a real estate investment trust (REIT) that primarily invests in upscale hotels. The company is advised by Ashford Inc. (NYSEMKT: AINC), which also advises another REIT called Braemar Hotels & Resorts (NYSE: BHR).
Recently, Ashford Inc. released a new investor presentation that describes four ways it can grow: with a recovery of the hospitality industry, an increase in assets under management, growth in third-party businesses, and the acquisition or incubation of new businesses.
Source Fool.com
