Activist investor takes aim at Ashford Hospitality CEO Monty Bennett [Yahoo! Finance]
Ashford Hospitality Trust Inc (AHT)
Last ashford hospitality trust inc earnings: 2/25 04:15 pm
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Source: Yahoo! Finance
Blackwells alleges that shares of Ashford Hospitality Trust and Braemar Hotels and Resorts are performing poorly as a result of a “self-dealing external advisory agreement that makes Montgomery Bennett rich at the expense of stockholders.” Blackwells is asking shareholders of both Ashford Hospitality Trust and Braemar not to re-elect Bennett and the rest of the board later this month. The relationship between Ashford, Braemar and Bennett is convoluted but central to Blackwells' complaint. Braemar is a publicly traded investor in luxury hotels and resorts. As part of an agreement with Ashford Hospitality Advisors, Ashford advises Braemar for an annual fee. Last year, Braemar paid Ashford $48.9 million for its services, according to the trust's most recent annual filing. Bennett is the chairman of both companies' boards, and the CEO and Chairman of Ashford Inc, which advises both. Blackwells holds a little over 10,000 shares of Braemar and 1,000 shares of Ashford Hospitality Tr
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News
- Blackwells Campaign Successfully Forces Ashford Hospitality Trust, Inc.'s Chairman Monty J. Bennett and Director Kamal Jafarnia to Resign [Yahoo! Finance]Yahoo! Finance
- Blackwells Campaign Successfully Forces Ashford Hospitality Trust, Inc.’s Chairman Monty J. Bennett and Director Kamal Jafarnia to ResignGlobeNewswire
- ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY RESULTS OF ITS 2024 ANNUAL MEETING OF STOCKHOLDERS 'ACTIVIST' BLACKWELLS EFFORTS THWARTED [Yahoo! Finance]Yahoo! Finance
- ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY RESULTS OF ITS 2024 ANNUAL MEETING OF STOCKHOLDERS 'ACTIVIST' BLACKWELLS EFFORTS THWARTEDPR Newswire
- ASHFORD HOSPITALITY TRUST COMPLETES REFINANCING OF MORTGAGE LOAN FOR THE RENAISSANCE NASHVILLE [Yahoo! Finance]Yahoo! Finance
AHT
Earnings
- 5/8/24 - Miss
AHT
Sec Filings
- 5/15/24 - Form 3
- 5/15/24 - Form 4
- 5/15/24 - Form 8-K
- AHT's page on the SEC website