Ashford Hospitality Trust Previews Improved Quarterly Results
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Ashford Hospitality Trust says its preliminary second quarter results show increased RevPAR year over year, despite a small dip in June.
The DJIA fell 31 points while Nasdaq was up 51, the S&P 500 rose 6 points and the 10-year treasury yield was basically flat at 4.27%. Lodging stocks were modestly higher.
Ashford Hospitality Trust announced preliminary 2Q24 results. AHT said they expect to report occupancy of around 75% for 2Q24 with ADR of $200, resulting in RevPAR of $150, an increase of 1.4% from the second quarter of 2023. April and May RevPAR were up 3% and 1.4%, respectively, year over year, but June was down 0.1%.
The Auburn, Alabama City Council has approved the construction of a new AC Marriott Hotel in downtown Auburn. As proposed by RAM Hotels, the hotel will have 129 guestrooms, two bars, and a restaurant.
The expansion of an existing hotel near the St. Louis Lambert International Airport in St. Louis, Missouri is expect
