>Ashford Hospitality Trust Reports Fourth Quarter Results

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>FINANCIAL HIGHLIGHTS AND LIQUIDITY

— Corporate unrestricted cash at the end of the quarter was $165.2 million

— Total revenue decreased 18.3% to $234.6 million from $287.3 million

— RevPAR decreased 13.5% for the quarter

— Operating profit margin decreased 297 basis points

— Net loss available to common shareholders was $76.9 million, or $1.30

per diluted share, compared with net income of $135.1 million, or $1.34

per diluted share, in the prior-year quarter

— Adjusted funds from operations (AFFO) was $0.32 per diluted share

— Cash available for distribution (CAD) was $0.22 per diluted share

— Fixed charge coverage ratio was 1.69x under the senior credit facility

covenant versus a required minimum of 1.25x

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