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ASHFORD HOSPITALITY TRUST INC FILES (8-K) Disclosing Regulation FD Disclosure, Financial Statements and Exhibits

July 29, 2014

ITEM 7.01 REGULATION FD DISCLOSURE On July 28, 2014, Ashford Hospitality Trust, Inc. (the "Company") announced that it has successfully refinanced three mortgage loans with an existing outstanding balance of approximately $325 million. The three previous mortgage loans that were refinanced included: the $135 million J.P. Morgan Floater loan with a final maturity date in May 2017, the $101 million UBS 1 loan with a final maturity date in December 2014 and the $89 million Merrill Lynch 3 loan with a final maturity date in February 2016. The new loans total $468.9 million and resulted in excess proceeds of approximately $104 million after closing costs and reserves. The $104 million in excess proceeds will be added to the Company's unrestricted cash balance and, as a result, this refinancing is neutral to the Company on a net debt basis. Also, as a result of the refinancing, the Homewood Suites Mobile and the Hampton Inn Terre Haute, Indiana are now unencumbered by debt.

The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.


99.1 Press Release of the Company, dated July 28, 2014, furnished under Item 7.01, announcing the three mortgage loan refinancings.


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Source: Edgar Glimpses

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