AHT.PRI / Ashford Hospitality Trust, Inc. - Preferred Stock - Depositi SEC, Relazione annuale, dichiarazione di delega

11,200,000 Shares of Series L Redeemable Preferred Stock 4,800,000 Shares of Series M Redeemable Preferred Stock (Liquidation Preference $25.00 per share)

Filed Pursuant to Rule 424(b)(3) Registration No. 333-283802 PROSPECTUS SUPPLEMENT NO. 8, DATED AUGUST 27, 2025 TO THE PROSPECTUS, DATED FEBRUARY 7, 2025 11,200,000 Shares of Series L Redeemable Preferred Stock 4,800,000 Shares of Series M Redeemable Preferred Stock (Liquidation Preference $25.00 per share) This prospectus supplement no. 8 (this “Supplement”) is part of and should be read in conju

ASHFORD HOSPITALITY TRUST, INC. AND SUBSIDIARIES UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET June 30, 2025 (in thousands, except share and per share amounts)

EXHIBIT 99.1 On August 22, 2025, Ashford Hospitality Trust, Inc. (“Ashford Trust” or the “Company”) completed the sale of the 242-room Hilton Houston NASA Clear Lake located in Houston, Texas (“Hilton NASA Clear Lake”) for total consideration of approximately $27.5 million in cash, net of selling expenses. Additionally, the Company repaid approximately $26.4 million on the mortgage loan, of which

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A (Amendment No. 1) CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): August 22, 20

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A (Amendment No. 1) CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): August 22, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction o

ASHFORD HOSPITALITY TRUST, INC. AND SUBSIDIARIES UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET June 30, 2025 (in thousands, except share and per share amounts)

EXHIBIT 99.1 On August 22, 2025, Ashford Hospitality Trust, Inc. (“Ashford Trust” or the “Company”) completed the sale of the 242-room Hilton Houston NASA Clear Lake located in Houston, Texas (“Hilton NASA Clear Lake”) for total consideration of approximately $27.5 million in cash, net of selling expenses. Additionally, the Company repaid approximately $26.4 million on the mortgage loan, of which

11,200,000 Shares of Series L Redeemable Preferred Stock 4,800,000 Shares of Series M Redeemable Preferred Stock (Liquidation Preference $25.00 per share)

Filed Pursuant to Rule 424(b)(3) Registration No. 333-283802 PROSPECTUS SUPPLEMENT NO. 7, DATED AUGUST 26, 2025 TO THE PROSPECTUS, DATED FEBRUARY 7, 2025 11,200,000 Shares of Series L Redeemable Preferred Stock 4,800,000 Shares of Series M Redeemable Preferred Stock (Liquidation Preference $25.00 per share) This prospectus supplement no. 7 (this “Supplement”) is part of and should be read in conju

ASHFORD HOSPITALITY TRUST ANNOUNCES STRATEGIC PORTFOLIO SALES

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Allison Beach Joe Calabrese Chief Financial Officer Media Contact Financial Relations Board (972) 490-9600 (972) 490-9600 (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES STRATEGIC PORTFOLIO SALES DALLAS, August 25, 2025 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Company”) today announced the completion of the sale of the Hilton Houston NASA

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): August 22, 2025 ASHFORD HOSPITALI

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): August 22, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or o

ASHFORD HOSPITALITY TRUST ANNOUNCES STRATEGIC PORTFOLIO SALES

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Allison Beach Joe Calabrese Chief Financial Officer Media Contact Financial Relations Board (972) 490-9600 (972) 490-9600 (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES STRATEGIC PORTFOLIO SALES DALLAS, August 25, 2025 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Company”) today announced the completion of the sale of the Hilton Houston NASA

Amendment No. 5 to the Third Amended and Restated Advisory Agreement, dated as of August 14, 2025, by and among Ashford Hospitality Trust, Inc., Ashford Hospitality Limited Partnership, Ashford TRS Corporation, Ashford Inc., and Ashford Hospitality Advisors LLC

EXHIBIT 10.5 AMENDMENT NO. 5 TO THE THIRD AMENDED AND RESTATED ADVISORY AGREEMENT This AMENDMENT NO. 5 TO THE THIRD AMENDED AND RESTATED ADVISORY AGREEMENT (this “Amendment”) is entered into as of August 14, 2025, by and among ASHFORD HOSPITALITY TRUST, INC. (the “Company”), ASHFORD HOSPITALITY LIMITED PARTNERSHIP (the “Operating Partnership”), ASHFORD TRS CORPORATION (“TRS”), ASHFORD INC. (“AINC”

11,200,000 Shares of Series L Redeemable Preferred Stock 4,800,000 Shares of Series M Redeemable Preferred Stock (Liquidation Preference $25.00 per share)

Filed Pursuant to Rule 424(b)(3) Registration No. 333-283802 PROSPECTUS SUPPLEMENT NO. 6, DATED AUGUST 14, 2025 TO THE PROSPECTUS, DATED FEBRUARY 7, 2025 11,200,000 Shares of Series L Redeemable Preferred Stock 4,800,000 Shares of Series M Redeemable Preferred Stock (Liquidation Preference $25.00 per share) This prospectus supplement no. 6 (this “Supplement”) is part of and should be read in conju

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-31775 ASHFORD HOSPITALITY T

Amendment No. 5 to the Third Amended and Restated Advisory Agreement, dated as of August 14, 2025, by and among Ashford Hospitality Trust, Inc., Ashford Hospitality Limited Partnership, Ashford TRS Corporation, Ashford Inc., and Ashford Hospitality Advisors LLC

EXHIBIT 10.5 AMENDMENT NO. 5 TO THE THIRD AMENDED AND RESTATED ADVISORY AGREEMENT This AMENDMENT NO. 5 TO THE THIRD AMENDED AND RESTATED ADVISORY AGREEMENT (this “Amendment”) is entered into as of August 14, 2025, by and among ASHFORD HOSPITALITY TRUST, INC. (the “Company”), ASHFORD HOSPITALITY LIMITED PARTNERSHIP (the “Operating Partnership”), ASHFORD TRS CORPORATION (“TRS”), ASHFORD INC. (“AINC”

Master Line of Credit Promissory Note, dated as of August 1, 2025, by and among Ashford Hospitality Limited Partnership and Ashford Hospitality Advisors LLC

Exhibit 10.6 Master Line of Credit Promissory Note AMOUNT $20,000,000.00 PROMISSORY NOTE DATE August 1, 2025 MATURITY DATE August 15, 2026 1.Promise to Pay. On or before the Maturity Date, FOR VALUE RECEIVED, ASHFORD HOSPITALITY LIMITED PARTNERSHIP, a Delaware limited partnership, (“Borrower”), promises to pay to the order of ASHFORD HOSPITALITY ADVISORS LLC, a Delaware limited liability company (

, 2025, by and among Ashford Hospitality Limited Partnership and Ashford Hospitality Advisors LLC

Exhibit 10.6 Master Line of Credit Promissory Note AMOUNT $20,000,000.00 PROMISSORY NOTE DATE August 1, 2025 MATURITY DATE August 15, 2026 1.Promise to Pay. On or before the Maturity Date, FOR VALUE RECEIVED, ASHFORD HOSPITALITY LIMITED PARTNERSHIP, a Delaware limited partnership, (“Borrower”), promises to pay to the order of ASHFORD HOSPITALITY ADVISORS LLC, a Delaware limited liability company (

11,200,000 Shares of Series L Redeemable Preferred Stock 4,800,000 Shares of Series M Redeemable Preferred Stock (Liquidation Preference $25.00 per share)

Filed Pursuant to Rule 424(b)(3) Registration No. 333-283802 PROSPECTUS SUPPLEMENT NO. 5, DATED JULY 31, 2025 TO THE PROSPECTUS, DATED FEBRUARY 7, 2025 11,200,000 Shares of Series L Redeemable Preferred Stock 4,800,000 Shares of Series M Redeemable Preferred Stock (Liquidation Preference $25.00 per share) This prospectus supplement no. 5 (this “Supplement”) is part of and should be read in conjunc

Second Quarter 2025 Earnings Release of the Company, dated July 30, 2025

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Allison Beach Joe Calabrese Chief Financial Officer Media Contact Financial Relations Board (972) 490-9600 (972) 490-9600 (212) 827-3772 ASHFORD TRUST REPORTS SECOND QUARTER 2025 RESULTS DALLAS – July 30, 2025 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) today reported financial results and performance measures fo

ASHFORD HOSPITALITY TRUST Second Quarter 2025 Conference Call July 31, 2025 10 a.m. CT

EXHIBIT 99.1 ASHFORD HOSPITALITY TRUST Second Quarter 2025 Conference Call July 31, 2025 10 a.m. CT Introductory Comments – Deric Eubanks Good morning and welcome to today’s conference call to review results for Ashford Hospitality Trust for the second quarter of 2025 and to update you on recent developments. On the call today will also be: Stephen Zsigray, President and Chief Executive Officer; a

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): July 31, 2025 ASHFORD HOSPITALITY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): July 31, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or org

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): July 30, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or org

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): July 30, 2025 ASHFORD HOSPITALITY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): July 30, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or org

ASHFORD TRUST REPORTS SECOND QUARTER 2025 RESULTS

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Allison Beach Joe Calabrese Chief Financial Officer Media Contact Financial Relations Board (972) 490-9600 (972) 490-9600 (212) 827-3772 ASHFORD TRUST REPORTS SECOND QUARTER 2025 RESULTS DALLAS – July 30, 2025 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) today reported financial results and performance measures fo

ASHFORD HOSPITALITY TRUST ANNOUNCES EXTENSION OF HIGHLAND LOAN

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Allison Beach Joseph Calabrese Chief Financial Officer Media Contact Financial Relations Board (972) 490-9600 (972) 490-9600 (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES EXTENSION OF HIGHLAND LOAN DALLAS, July 30, 2025– Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) announced today that it has extended its Highl

ASHFORD TRUST DECLARES PREFERRED DIVIDENDS FOR THE THIRD QUARTER OF 2025

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Allison Beach Joseph Calabrese Chief Financial Officer Media Contact Financial Relations Board (972) 490-9600 [email protected] (212) 827-3772 ASHFORD TRUST DECLARES PREFERRED DIVIDENDS FOR THE THIRD QUARTER OF 2025 DALLAS, July 11, 2025 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) announced today that its Boa

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): July 11, 2025 ASHFORD HOSPITALITY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): July 11, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or org

Filing Fee Table.

Exhibit 107 Calculation of Filing Fee Tables Form S-8 (Form Type) Ashford Hospitality Trust, Inc.

As filed with the Securities and Exchange Commission on June 11, 2025

As filed with the Securities and Exchange Commission on June 11, 2025 Registration No.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): May 20, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or orga

ASHFORD HOSPITALITY TRUST ANNOUNCES AGREEMENT TO SELL THE HILTON HOUSTON NASA CLEAR LAKE

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Joseph Calabrese Chief Financial Officer Financial Relations Board (972) 490-9600 (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES AGREEMENT TO SELL THE HILTON HOUSTON NASA CLEAR LAKE DALLAS – May 23, 2025 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) announced today that it has signed a definitive agreement to s

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): May 23, 2025 ASHFORD HOSPITALITY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): May 23, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or orga

11,200,000 Shares of Series L Redeemable Preferred Stock 4,800,000 Shares of Series M Redeemable Preferred Stock (Liquidation Preference $25.00 per share)

Filed Pursuant to Rule 424(b)(3) Registration No. 333-283802 PROSPECTUS SUPPLEMENT NO. 4, DATED MAY 23, 2025 TO THE PROSPECTUS, DATED FEBRUARY 7, 2025 11,200,000 Shares of Series L Redeemable Preferred Stock 4,800,000 Shares of Series M Redeemable Preferred Stock (Liquidation Preference $25.00 per share) This prospectus supplement no. 4 (this “Supplement”) is part of and should be read in conjunct

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): May 13, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or orga

Amendment No. 4 to the Third Amended and Restated Advisory Agreement, dated as of May 12, 2025, by and among Ashford Hospitality Trust, Inc., Ashford Hospitality Limited Partnership, Ashford TRS Corporation, Ashford Inc., and Ashford Hospitality Advisors LLC (incorporated by reference to Exhibit 10.4 to the Registrant's Form 10-Q filed on March 14, 2025) (File No. 001-31775)

EXHIBIT 10.4 AMENDMENT NO. 4 TO THE THIRD AMENDED AND RESTATED ADVISORY AGREEMENT This AMENDMENT NO. 4 TO THE THIRD AMENDED AND RESTATED ADVISORY AGREEMENT (this “Amendment”) is entered into as of May 12, 2025, by and among ASHFORD HOSPITALITY TRUST, INC. (the “Company”), ASHFORD HOSPITALITY LIMITED PARTNERSHIP (the “Operating Partnership”), ASHFORD TRS CORPORATION (“TRS”), ASHFORD INC. (“AINC”),

Amendment No. 4 to the Third Amended and Restated Advisory Agreement, dated as of May 12, 2025, by and among Ashford Hospitality Trust, Inc., Ashford Hospitality Limited Partnership, Ashford TRS Corporation, Ashford Inc., and Ashford Hospitality Advisors LLC

EXHIBIT 10.4 AMENDMENT NO. 4 TO THE THIRD AMENDED AND RESTATED ADVISORY AGREEMENT This AMENDMENT NO. 4 TO THE THIRD AMENDED AND RESTATED ADVISORY AGREEMENT (this “Amendment”) is entered into as of May 12, 2025, by and among ASHFORD HOSPITALITY TRUST, INC. (the “Company”), ASHFORD HOSPITALITY LIMITED PARTNERSHIP (the “Operating Partnership”), ASHFORD TRS CORPORATION (“TRS”), ASHFORD INC. (“AINC”),

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-31775 ASHFORD HOSPITALITY

11,200,000 Shares of Series L Redeemable Preferred Stock 4,800,000 Shares of Series M Redeemable Preferred Stock (Liquidation Preference $25.00 per share)

Filed Pursuant to Rule 424(b)(3) Registration No. 333-283802 PROSPECTUS SUPPLEMENT NO. 3, DATED MAY 14, 2025 TO THE PROSPECTUS, DATED FEBRUARY 7, 2025 11,200,000 Shares of Series L Redeemable Preferred Stock 4,800,000 Shares of Series M Redeemable Preferred Stock (Liquidation Preference $25.00 per share) This prospectus supplement no. 3 (this “Supplement”) is part of and should be read in conjunct

11,200,000 Shares of Series L Redeemable Preferred Stock 4,800,000 Shares of Series M Redeemable Preferred Stock (Liquidation Preference $25.00 per share)

Filed Pursuant to Rule 424(b)(3) Registration No. 333-283802 PROSPECTUS SUPPLEMENT NO. 2, DATED MAY 12, 2025 TO THE PROSPECTUS, DATED FEBRUARY 7, 2025 11,200,000 Shares of Series L Redeemable Preferred Stock 4,800,000 Shares of Series M Redeemable Preferred Stock (Liquidation Preference $25.00 per share) This prospectus supplement no. 2 (this “Supplement”) is part of and should be read in conjunct

COMMON STOCK PREFERRED STOCK DEPOSITARY SHARES DEBT SECURITIES WARRANTS RIGHTS UNITS

TABLE OF CONTENTS  Filed Pursuant to Rule 424(b)(3)  Registration No. 333-286826 COMMON STOCK PREFERRED STOCK DEPOSITARY SHARES DEBT SECURITIES WARRANTS RIGHTS UNITS This prospectus relates to common stock, preferred stock, depositary shares, debt securities, warrants, rights and units that we may sell from time to time in one or more offerings up to a total dollar amount of $500,000,000 on terms

First Quarter 2025 Earnings Release of the Company, dated May 6, 2025

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Joseph Calabrese Chief Financial Officer Financial Relations Board (972) 490-9600 (212) 827-3772 ASHFORD TRUST REPORTS FIRST QUARTER 2025 RESULTS DALLAS – May 6, 2025 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) today reported financial results and performance measures for the first quarter ended March 31, 2025. T

ASHFORD HOSPITALITY TRUST First Quarter 2025 Conference Call May 7, 2025 10 a.m. CT

EXHIBIT 99.1 ASHFORD HOSPITALITY TRUST First Quarter 2025 Conference Call May 7, 2025 10 a.m. CT Introductory Comments – Deric Eubanks Good morning and welcome to today’s conference call to review results for Ashford Hospitality Trust for the first quarter of 2025 and to update you on recent developments. On the call today will also be: Stephen Zsigray, President and Chief Executive Officer; and C

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): May 7, 2025 ASHFORD HOSPITALITY T

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): May 7, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or organ

ASHFORD TRUST REPORTS FIRST QUARTER 2025 RESULTS

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Joseph Calabrese Chief Financial Officer Financial Relations Board (972) 490-9600 (212) 827-3772 ASHFORD TRUST REPORTS FIRST QUARTER 2025 RESULTS DALLAS – May 6, 2025 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) today reported financial results and performance measures for the first quarter ended March 31, 2025. T

Ashford Hospitality Trust, Inc. 14185 Dallas Parkway, Suite 1200 Dallas, Texas 75254

Ashford Hospitality Trust, Inc. 14185 Dallas Parkway, Suite 1200 Dallas, Texas 75254 May 6, 2025 VIA EDGAR U.S. Securities and Exchange Commission Division of Corporation Finance 100 F Street, N.E. Washington, D.C. 20549 Attention: Stacy Gorman Re: Ashford Hospitality Trust, Inc. (CIK No. 0001232582) Registration Statement on Form S-3 (File No. 333-286826) Ladies and Gentleman: Pursuant to Rule 46

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): May 6, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or organ

As filed with the Securities and Exchange Commission on April 29, 2025

TABLE OF CONTENTS As filed with the Securities and Exchange Commission on April 29, 2025 Registration No.

Form of Senior Indenture

EXHIBIT 4.4 ASHFORD HOSPITALITY TRUST, INC. AND [●] Trustee INDENTURE DATED AS OF [●], 20[●] SENIOR DEBT SECURITIES ASHFORD HOSPITALITY TRUST, INC. RECONCILIATION AND TIE BETWEEN TRUST INDENTURE ACT OF 1939, AS AMENDED, AND INDENTURE, DATED AS OF [●], 20[●] TRUST INDENTURE ACT SECTION INDENTURE SECTION Section 310(a)(1) 6.9 (a)(2) 6.9 (a)(3) Not Applicable (a)(4) Not Applicable (a)(5) 6.9 (b) 6.8

Form of Subordinated Indenture

EXHIBIT 4.5 ASHFORD HOSPITALITY TRUST, INC. AND [●] Trustee INDENTURE DATED AS OF [●], 20[●] SUBORDINATED DEBT SECURITIES ASHFORD HOSPITALITY TRUST, INC. RECONCILIATION AND TIE BETWEEN TRUST INDENTURE ACT OF 1939, AS AMENDED, AND INDENTURE, DATED AS OF [●], 20[●] TRUST INDENTURE ACT SECTION INDENTURE SECTION Section 310(a)(1) 6.9 (a)(2) 6.9 (a)(3) Not Applicable (a)(4) Not Applicable (a)(5) 6.9 (b

Calculation of Filing Fee Table

Exhibit 107 Calculation of Filing Fee Tables Form S-3 (Form Type) Ashford Hospitality Trust, Inc.

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): April 16, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or or

ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY FIRST QUARTER 2025 RESULTS

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Joseph Calabrese Chief Financial Officer Financial Relations Board (972) 490-9600 (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY FIRST QUARTER 2025 RESULTS DALLAS – April 16, 2025 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) reported today that the Company expects to report Occupancy of approximate

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): April 14, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or or

ASHFORD HOSPITALITY TRUST ANNOUNCES EXTENSION OF MORTGAGE LOAN SECURED BY 17 HOTELS

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Joseph Calabrese Chief Financial Officer Financial Relations Board (972) 490-9600 (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES EXTENSION OF MORTGAGE LOAN SECURED BY 17 HOTELS DALLAS – April 14, 2025 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) announced today that it has successfully extended its Morgan Stan

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): April 10, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or or

ASHFORD TRUST DECLARES PREFERRED DIVIDENDS FOR THE SECOND QUARTER OF 2025

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Joseph Calabrese Chief Financial Officer Financial Relations Board (972) 490-9600 (212) 827-3772 ASHFORD TRUST DECLARES PREFERRED DIVIDENDS FOR THE SECOND QUARTER OF 2025 DALLAS – April 10, 2025 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) announced today that its Board of Directors (the “Board”) declared a divide

Form of Selected Advisor Agreement

Exhibit 1.4 FORM OF SELECTED INVESTMENT ADVISOR AGREEMENT WHEN THERE IS A BROKER OF RECORD ASHFORD HOSPITALITY TRUST, INC. THIS SELECTED INVESTMENT ADVISOR AGREEMENT is made and entered into as of the date indicated on Exhibit A attached hereto (this “Agreement”), among Ashford Securities LLC, a Delaware limited liability company (the “Dealer Manager”), Ashford Hospitality Trust, Inc., a Maryland

Dealer Manager Agreement

Exhibit 1.1 ASHFORD SECURITIES LLC DEALER MANAGER AGREEMENT March 10, 2025 Ashford Securities LLC 14185 Dallas Parkway, Suite 780 Dallas, Texas 75254 RE: Ashford Hospitality Trust, Inc. Ladies and Gentlemen: Ashford Hospitality Trust, Inc. (the “Company”) is a Maryland corporation that qualified to be taxed as a real estate investment trust (a “REIT”) for federal income tax purposes beginning with

Form of Participating Broker-Dealer Agreement

Exhibit 1.3 FORM OF PARTICIPATING BROKER-DEALER AGREEMENT WITH ASHFORD SECURITIES LLC To:       RE: ASHFORD HOSPITALITY TRUST, INC. Ladies and Gentlemen: Ashford Securities LLC (the “Dealer Manager”) entered into an amended and restated dealer manager agreement, dated as of April , 2025 (the “Dealer Manager Agreement”), with Ashford Hospitality Trust, Inc, a Maryland corporation (the “Company”), u

As filed with the Securities and Exchange Commission on April 2, 2025

TABLE OF CONTENTS As filed with the Securities and Exchange Commission on April 2, 2025 Registration No.

Form of Amended and Restated Dealer Manager Agreement

Exhibit 1.2 ASHFORD SECURITIES LLC FORM OF AMENDED AND RESTATED DEALER MANAGER AGREEMENT April , 2025 Ashford Securities LLC 14185 Dallas Parkway, Suite 780 Dallas, Texas 75254 RE: Ashford Hospitality Trust, Inc. Ladies and Gentlemen: Ashford Hospitality Trust, Inc. (the “Company”) is a Maryland corporation that qualified to be taxed as a real estate investment trust (a “REIT”) for federal income

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ☒ Filed by a Party other than the Registrant   ☐ Check the appropriate box:  ☐ Preliminary Proxy Statement  ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☒ D

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ☒ Filed by a Party other than the Registrant  ☐ Check the appropriate box:  ☐ Preliminary Proxy Statement  ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☐ De

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): March 31, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or or

Series J Redeemable Preferred Stock Series K Redeemable Preferred Stock (Liquidation Preference $25.00 per share) Maximum of 20,000,000 Shares in Primary Offering Maximum of 8,000,000 Shares Pursuant to Dividend Reinvestment Plan

Filed pursuant to Rule 424(b)(3) Registration No. 333-263323 PROSPECTUS SUPPLEMENT NO. 2, DATED MARCH 28, 2025 TO THE PROSPECTUS, DATED MAY 4, 2022 Series J Redeemable Preferred Stock Series K Redeemable Preferred Stock (Liquidation Preference $25.00 per share) Maximum of 20,000,000 Shares in Primary Offering Maximum of 8,000,000 Shares Pursuant to Dividend Reinvestment Plan This prospectus supple

Deferred Cash Award Agreement

EXHIBIT 10.2.2.3 Deferred Cash Award Agreement This Deferred Cash Award Agreement (this “Award Agreement”) is made and entered into as of April 1, 2025 (the “Grant Date”) by and between Ashford Hospitality Trust, Inc., a Maryland corporation (the “Company”), and [ ] (the “Participant”). All capitalized terms in this Award Agreement shall have the meanings assigned to them herein. Capitalized terms

Registrant’s Special Purpose Entities Listing as of December 31, 2024

EXHIBIT 21.2 SPECIAL PURPOSE ENTITIES LIST AS OF DECEMBER 31, 2024 Annapolis Maryland Hotel Limited Partnership Ashford Alpharetta Limited Partnership Ashford Anchorage LP Ashford Austin LPƒ Ashford Basking Ridge LP Ashford Bloomington LP Ashford BWI Airport LP Ashford CM Partners LP Ashford Coral Gables LP Ashford Crystal City Partners LP Ashford Crystal City Limited Partnership Ashford Crystal G

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-31775 ASHFORD HOSPITALITY TRUST

Policy on Insider Trading and Compliance

EXHIBIT 19.1 Ashford Hospitality Trust, Inc. Policy on Insider Trading and Compliance It is the policy of Ashford Hospitality Trust, Inc. (together with its subsidiaries, the “Company”) to comply fully, and to assist its directors, officers, employees and related persons in complying fully with all federal and state securities laws applicable to transactions, such as purchases and sales, in the Co

ASHFORD HOSPITALITY TRUST ANNOUNCES EXPECTED REDUCTION IN BASE ADVISORY FEE PAID TO ASHFORD INC.

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Joseph Calabrese Chief Financial Officer Financial Relations Board (972) 490-9600 (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES EXPECTED REDUCTION IN BASE ADVISORY FEE PAID TO ASHFORD INC. DALLAS – March 21, 2025 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) announced today that, as part of its “GRO AHT” initi

Agreement of Purchase and Sale by and between 275 Tremont Owner, LLC and HH FP Portfolio LLC dated November 27, 2024

EXHIBIT 10.73 AGREEMENT OF PURCHASE AND SALE by and between 275 TREMONT OWNER, LLC a Delaware limited liability company (“Purchaser”) and HH FP PORTFOLIO LLC a Delaware limited liability company (“Seller”) Courtyard Boston Downtown, 275 Tremont Street, Boston, MA 02116 41554043v.8 TABLE OF CONTENTS Page 1.1. Definitions 1 ARTICLE II. PURCHASE AND SALE; DEPOSIT; PAYMENT OF PURCHASE PRICE; STUDY PER

Policy relating to recovery of erroneously awarded compensation, as required by applicable listing standards adopted pursuant to 17 CFR 240.10D-1

Exhibit 97.1 Ashford Hospitality Trust, Inc. Policy on Recoupment of Incentive Compensation (Effective October 2, 2023) This policy (“Policy”) sets forth the terms and conditions under which Ashford Hospitality Trust, Inc. (the “Company”) will seek reimbursement of certain incentive compensation paid or payable to certain current or former executive officers of the Company. This Policy as amended

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): March 21, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or or

Registrant’s Subsidiaries Listing as of December 31, 2024

EXHIBIT 21.1 SUBSIDIARIES LISTING AS OF DECEMBER 31, 2024 All the subsidiaries listed below are incorporated in Delaware except that Ashford Hospitality Trust, Inc. is incorporated in Maryland and 815 Commerce Construction Manager LLC is organized in Texas. Ashford Hospitality Trust, Inc. 815 Commerce Construction Manager LLC 815 Commerce LLC 815 Commerce Managing Member LLC 815 Commerce Master Te

Description of Securities

EXHIBIT 4.10 DESCRIPTION OF SECURITIES REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 As of December 31, 2024, Ashford Hospitality Trust Inc. (“we,” “us,” “our” and the “Company”) has six classes of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”): (1) our Common Stock; (2) our Series D Preferred Stock; (3) our

ASHFORD HOSPITALITY TRUST ANNOUNCES PROPERTY-LEVEL WORKFORCE ADJUSTMENTS AND EXPENSE REDUCTIONS

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Joseph Calabrese Chief Financial Officer Financial Relations Board (972) 490-9600 (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES PROPERTY-LEVEL WORKFORCE ADJUSTMENTS AND EXPENSE REDUCTIONS DALLAS – March 20, 2025 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) announced today that Remington, its largest property

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): March 20, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or or

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): March 10, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or or

Limited Waiver Under Advisory Agreement, dated as of March 10 2025, by and among Ashford Hospitality Trust, Inc., Ashford Hospitality Limited Partnership, Ashford TRS Corporation, Ashford Inc. and Ashford Hospitality Advisors LLC (incorporated by reference to Exhibit 10.2 to the Registrant’s Form 8-K filed on March 13, 2025 (File No. 001-31775)

EXHIBIT 10.2 LIMITED WAIVER UNDER ADVISORY AGREEMENT This LIMITED WAIVER UNDER ADVISORY AGREEMENT (this “Waiver”) is entered into as of March 10, 2025, by and among ASHFORD HOSPITALITY TRUST, INC. (the “Company”), ASHFORD HOSPITALITY LIMITED PARTNERSHIP (the “Operating Partnership”), ASHFORD TRS CORPORATION (“TRS”), ASHFORD INC. (“AINC”), and ASHFORD HOSPITALITY ADVISORS LLC (“Ashford LLC” and, to

Amendment No. 3 To the Third Amended and Restated Advisory Agreement, dated March 10, 2025, by and among Ashford Hospitality Trust, Inc., Ashford Hospitality Limited Partnership, Ashford TRS Corporation, Ashford Inc., and Ashford Hospitality Advisors LLC (incorporated by reference to Exhibit 10.3 to the Registrant’s Form 8-K filed on March 13, 2025 (File No. 001-31775)

EXHIBIT 10.3 AMENDMENT NO. 3 TO THE THIRD AMENDED AND RESTATED ADVISORY AGREEMENT This AMENDMENT NO. 3 TO THE THIRD AMENDED AND RESTATED ADVISORY AGREEMENT (this “Amendment”) is entered into as of March 10, 2025, by and among ASHFORD HOSPITALITY TRUST, INC. (the “Company”), ASHFORD HOSPITALITY LIMITED PARTNERSHIP (the “Operating Partnership”), ASHFORD TRS CORPORATION (“TRS”), ASHFORD INC. (“AINC”)

ASHFORD HOSPITALITY TRUST ANNOUNCES REDUCTIONS IN CORPORATE ADMINISTRATIVE & GENERAL EXPENSES

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Joseph Calabrese Chief Financial Officer Financial Relations Board (972) 490-9600 (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES REDUCTIONS IN CORPORATE ADMINISTRATIVE & GENERAL EXPENSES DALLAS – March 12, 2025 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) today announced reductions in corporate administrative

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): March 12, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or or

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): February 27, 2025 ASHFORD HOSPITA

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): February 27, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or

ASHFORD HOSPITALITY TRUST ANNOUNCES APPROVED REDUCTION IN BOARD AND MANAGEMENT COMPENSATION

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Joseph Calabrese Chief Financial Officer Financial Relations Board (972) 490-9600 (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES APPROVED REDUCTION IN BOARD AND MANAGEMENT COMPENSATION DALLAS – February 27, 2025 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) announced today that the Board of Directors has approv

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): February 26, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): February 25, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or

Second Amended and Restated Bylaws, as amended by Amendment No. 1 on October 26, 2014, by Amendment No. 2 on October 19, 2015, by Amendment No. 3 on August 2, 2016, by Amendment No. 4 on March 17, 2022, by Amendment No. 5 on February 23, 2023, by Amendment No. 6 on August 8, 2023, by Amendment No. 7 on February 27, 2024 and by Amendment No. 8 on February 25, 2025, adopted on February 25, 2025 (incorporated by reference to Exhibit 3.2 to the Registrant’s Form 8-K, filed on February 26, 2025) (File No. 01-31775)

EXHIBIT 3.2 ASHFORD HOSPITALITY TRUST, INC. SECOND AMENDED AND RESTATED BYLAWS February 25, 2025 as amended by Amendment No. 1 on October 26, 2014, by Amendment No. 2 on October 19, 2015, by Amendment No. 3 on August 2, 2016, by Amendment No. 4 on March 17, 2022 by Amendment No. 5 on February 23, 2023 by Amendment No. 6 on August 8, 2023 by Amendment No. 7 on February 27, 2024 and by Amendment No.

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): February 26, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or

ASHFORD HOSPITALITY TRUST ANNOUNCES EXTENSION OF MORTGAGE LOAN SECURED BY THE HOTEL INDIGO ATLANTA MIDTOWN

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Joseph Calabrese Chief Financial Officer Financial Relations Board (972) 490-9600 (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES EXTENSION OF MORTGAGE LOAN SECURED BY THE HOTEL INDIGO ATLANTA MIDTOWN DALLAS – February 26, 2025 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) announced today that it has successfull

ASHFORD HOSPITALITY TRUST Fourth Quarter 2024 Conference Call February 26, 2025 10 a.m. CT

EXHIBIT 99.1 ASHFORD HOSPITALITY TRUST Fourth Quarter 2024 Conference Call February 26, 2025 10 a.m. CT Introductory Comments – Deric Eubanks Good morning and welcome to today’s conference call to review results for Ashford Hospitality Trust for the fourth quarter and full year 2024 and to update you on recent developments. On the call today will also be: Stephen Zsigray, President and Chief Execu

Amendment No. 8 to Second Amended and Restated Bylaws of Ashford Hospitality Trust, Inc., as amended, adopted February 25, 2025

EXHIBIT 3.1 Amendment No. 8 To Second Amended and Restated Bylaws of Ashford Hospitality Trust, Inc. as amended by Amendment No. 1 on October 26, 2014, by Amendment No. 2 on October 19, 2015, by Amendment No. 3 on August 2, 2016, by Amendment No. 4 on March 17, 2022, by Amendment No. 5 on February 23, 2023, Amendment No. 6 on August 8, 2023 and Amendment No. 7 on February 27, 2024 Section 6 of Art

ASHFORD TRUST REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Joseph Calabrese Chief Financial Officer Financial Relations Board (972) 490-9600 (212) 827-3772 ASHFORD TRUST REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS DALLAS – February 25, 2025 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) today reported financial results and performance measures for the fourth quarter a

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): February 25, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or

ASHFORD HOSPITALITY TRUST ANNOUNCES CLOSING OF $580 MILLION MORTGAGE LOAN SECURED BY 16 HOTELS

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Joseph Calabrese Chief Financial Officer Financial Relations Board (972) 490-9600 (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES CLOSING OF $580 MILLION MORTGAGE LOAN SECURED BY 16 HOTELS DALLAS – February 12, 2025 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) announced today that it has closed on a $580 millio

ASHFORD HOSPITALITY TRUST ANNOUNCES FULL PAY OFF OF STRATEGIC FINANCING

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Joseph Calabrese Chief Financial Officer Financial Relations Board (972) 490-9600 (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES FULL PAY OFF OF STRATEGIC FINANCING DALLAS – February 12, 2025 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) announced today that it has fully paid off its strategic financing, includ

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): February 12, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): February 12, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or

11,200,000 Shares of Series L Redeemable Preferred Stock 4,800,000 Shares of Series M Redeemable Preferred Stock (Liquidation Preference $25.00 per share)

TABLE OF CONTENTS  Filed pursuant to Rule 424(b)(3)  Registration No. 333-283802 PROSPECTUS 11,200,000 Shares of Series L Redeemable Preferred Stock 4,800,000 Shares of Series M Redeemable Preferred Stock (Liquidation Preference $25.00 per share) We are offering a maximum of 12,000,000 shares, consisting of 8,400,000 shares of our Series L Redeemable Preferred Stock, par value $0.01 per share (the

Ashford Hospitality Trust, Inc. 14185 Dallas Parkway, Suite 1200 Dallas, Texas 75254

Ashford Hospitality Trust, Inc. 14185 Dallas Parkway, Suite 1200 Dallas, Texas 75254 February 5, 2025 VIA EDGAR U.S. Securities and Exchange Commission Division of Corporation Finance 100 F Street, N.E. Washington, D.C. 20549 Attention: Pearlyne Paulemon Re:  Ashford Hospitality Trust, Inc. Registration Statement on Form S-11, as amended File No. 333-283802 Dear Ms. Paulemon: On behalf of Ashford

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): February 3, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or

ASHFORD HOSPITALITY TRUST ANNOUNCES COMPLETION OF FOUR PROJECTS RELATED TO “GRO AHT” INITIATIVE

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Joseph Calabrese Chief Financial Officer Financial Relations Board (972) 490-9600 (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES COMPLETION OF FOUR PROJECTS RELATED TO “GRO AHT” INITIATIVE DALLAS – February 3, 2025 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) announced today that several revenue-focused initia

Material Modification to Rights of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): January 22, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or

ASHFORD HOSPITALITY TRUST ANNOUNCES TAX REPORTING INFORMATION FOR 2024 PREFERRED SHARE DISTRIBUTIONS

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Joseph Calabrese Chief Financial Officer Financial Relations Board (972) 490-9600 (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES TAX REPORTING INFORMATION FOR 2024 PREFERRED SHARE DISTRIBUTIONS DALLAS, January 27, 2025 - Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) today announced the tax reporting (Federal Form

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): January 27, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): January 24, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or

Articles Supplementary establishing the Series L Preferred Stock, accepted for record and certified by the SDAT on January 22, 2025 (incorporated by reference to Exhibit 4.11 to Amendment No. 1 to the Registration Statement on Form S-11 filed with the SEC on January 23, 2025) (File No. 333-283802)

Exhibit 4.11 ASHFORD HOSPITALITY TRUST, INC. ARTICLES SUPPLEMENTARY ESTABLISHING AND FIXING THE RIGHTS AND PREFERENCES OF A SERIES OF PREFERRED STOCK January 22, 2025 Ashford Hospitality Trust, Inc., a Maryland corporation (the “Corporation”), having its principal office in Baltimore City, Maryland and its corporate office in Dallas, Texas certifies to the State Department of Assessments and Taxat

Form of Selected Advisor Agreement

Exhibit 1.3 FORM OF SELECTED INVESTMENT ADVISOR AGREEMENT WHEN THERE IS A BROKER OF RECORD ASHFORD HOSPITALITY TRUST, INC. THIS SELECTED INVESTMENT ADVISOR AGREEMENT is made and entered into as of the date indicated on Exhibit A attached hereto (this “Agreement”), among Ashford Securities LLC, a Delaware limited liability company (the “Dealer Manager”), Ashford Hospitality Trust, Inc., a Maryland

Form of Participating Broker-Dealer Agreement

Exhibit 1.2 FORM OF PARTICIPATING BROKER-DEALER AGREEMENT WITH ASHFORD SECURITIES LLC To: RE: ASHFORD HOSPITALITY TRUST, INC. Ladies and Gentlemen: Ashford Securities LLC (the “Dealer Manager”) entered into a dealer manager agreement, dated as of , 20 (the “Dealer Manager Agreement”), with Ashford Hospitality Trust, Inc, a Maryland corporation (the “Company”), under which the Dealer Manager agreed

As filed with the Securities and Exchange Commission on January 23, 2025

TABLE OF CONTENTS As filed with the Securities and Exchange Commission on January 23, 2025 Registration No.

Amendment No. 13 to Seventh Amended and Restated Agreement of Limited Partnership of Ashford Hospitality Limited Partnership, dated as of January 22, 2025 (incorporated by reference to Exhibit 10.1.14 to Amendment No. 1 to the Registration Statement on Form S-11 filed with the SEC on January 23, 2025) (File No. 333-283802)

Exhibit 10.1.14 AMENDMENT NO. 13 TO SEVENTH AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF ASHFORD HOSPITALITY LIMITED PARTNERSHIP JANUARY 22, 2025 This Amendment No. 13 to the Seventh Amended and Restated Agreement of Limited Partnership of Ashford Hospitality Limited Partnership (this “Amendment”) is made as of January 22, 2025, by Ashford OP General Partner LLC, a Delaware limited lia

Articles Supplementary, accepted for record and certified by the SDAT on January 22, 2025 (incorporated by reference to Exhibit 4.10 to Amendment No. 1 to the Registration Statement on Form S-11 filed with the SEC on January 23, 2025) (File No. 333-283802)

Exhibit 4.10 ASHFORD HOSPITALITY TRUST, INC. ARTICLES SUPPLEMENTARY January 22, 2025 Ashford Hospitality Trust, Inc., a Maryland corporation (the “Corporation”), having its principal office in Baltimore City, Maryland and its corporate office in Dallas, Texas certifies to the State Department of Assessments and Taxation of Maryland (the “Department”) that: FIRST: Under a power contained in Section

Articles Supplementary establishing the Series M Preferred Stock, accepted for record and certified by the SDAT on January 22, 2025 (incorporated by reference to Exhibit 4.12 to Amendment No. 1 to the Registration Statement on Form S-11 filed with the SEC on January 23, 2025) (File No. 333-283802)

  Exhibit 4.12   ASHFORD HOSPITALITY TRUST, INC.   ARTICLES SUPPLEMENTARY ESTABLISHING AND FIXING THE RIGHTS AND PREFERENCES OF A SERIES OF PREFERRED STOCK   January 22, 2025   Ashford Hospitality Trust, Inc., a Maryland corporation (the “Corporation”), having its principal office in Baltimore City, Maryland and its corporate office in Dallas, Texas certifies to the State Department of Assessments

ASHFORD HOSPITALITY TRUST, INC. 14185 Dallas Parkway, Suite 1200, Dallas, TX 75254

ASHFORD HOSPITALITY TRUST, INC. 14185 Dallas Parkway, Suite 1200, Dallas, TX 75254 Via EDGAR January 23, 2025 U.S. Securities and Exchange Commission Division of Corporation Finance Office of Real Estate & Construction Washington, D.C. 20549 Attn: Pearlyne Paulemon Jeffrey Gabor Re: Ashford Hospitality Trust, Inc. Registration Statement on Form S-11 Filed December 13, 2024 File No. 333-283802 Ladi

Form of Dealer Manager Agreement

Exhibit 1.1 ASHFORD SECURITIES LLC FORM OF DEALER MANAGER AGREEMENT , 20 Ashford Securities LLC 14185 Dallas Parkway, Suite 780 Dallas, Texas 75254 RE: Ashford Hospitality Trust, Inc. Ladies and Gentlemen: Ashford Hospitality Trust, Inc. (the “Company”) is a Maryland corporation that qualified to be taxed as a real estate investment trust (a “REIT”) for federal income tax purposes beginning with t

Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A (Amendment No. 1) CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): January 10, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): January 10, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or

ASHFORD HOSPITALITY TRUST, INC. AND SUBSIDIARIES UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET September 30, 2024 (in thousands, except share and per share amounts)

EXHIBIT 99.2 On January 10, 2025, Ashford Hospitality Trust, Inc. (“Ashford Trust” or the “Company”) completed the sale of the 315-room Courtyard Boston Downtown located in Boston, Massachusetts (“CY Boston”) for $121.5 million in cash, net of selling expenses, respectively. Additionally, the Company repaid approximately $118.4 million on the mortgage loan, of which CY Boston was one of 19 hotels

ASHFORD HOSPITALITY TRUST ANNOUNCES SALE OF THE COURTYARD BOSTON DOWNTOWN

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Laken Avonne Rapier Joseph Calabrese Chief Financial Officer Media Contact Financial Relations Board (972) 490-9600 [email protected] (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES SALE OF THE COURTYARD BOSTON DOWNTOWN DALLAS – January 14, 2025 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) announced today

ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY FOURTH QUARTER 2024 RESULTS

EXHIBIT 99.1 FOR IMMEDIATE RELEASE Contact: Deric Eubanks Laken Avonne Rapier Joseph Calabrese Chief Financial Officer Media Contact Financial Relations Board (972) 490-9600 [email protected] (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY FOURTH QUARTER 2024 RESULTS DALLAS – January 13, 2025 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) repor

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): January 13, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): January 13, 2025 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or

ASHFORD TRUST DECLARES PREFERRED DIVIDENDS FOR THE FIRST QUARTER OF 2025

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Laken Avonne Rapier Joseph Calabrese Chief Financial Officer Media Contact Financial Relations Board (972) 490-9600 [email protected] (212) 827-3772 ASHFORD TRUST DECLARES PREFERRED DIVIDENDS FOR THE FIRST QUARTER OF 2025 DALLAS – January 13, 2025 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) announced today t

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): December 26, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or

ASHFORD HOSPITALITY TRUST ANNOUNCES EXTENSION OF MORTGAGE LOAN SECURED BY THE LE PAVILLON HOTEL

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Laken Avonne Rapier Joseph Calabrese Chief Financial Officer Media Contact Financial Relations Board (972) 490-9600 [email protected] (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES EXTENSION OF MORTGAGE LOAN SECURED BY THE LE PAVILLON HOTEL DALLAS – December 19, 2024 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Com

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): December 19, 2024 ASHFORD HOSPITA

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): December 19, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or

ASHFORD HOSPITALITY TRUST ANNOUNCES “GRO AHT” INITIATIVE A STRATEGIC PLAN TO DRIVE OUTSIZED EBITDA GROWTH ADVISOR ASHFORD INC. STEPS UP TO AID EFFORTS $50 MILLION IN INCREMENTAL EBITDA TARGETED OAKTREE FINANCING TARGETED FOR EARLY Q1 PAYOFF

EXHIBIT 99.1 FOR IMMEDIATE RELEASE Contact: Deric Eubanks Laken Avonne Rapier Joseph Calabrese Chief Financial Officer Media Contact Financial Relations Board (972) 490-9600 [email protected] (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES “GRO AHT” INITIATIVE A STRATEGIC PLAN TO DRIVE OUTSIZED EBITDA GROWTH ADVISOR ASHFORD INC. STEPS UP TO AID EFFORTS $50 MILLION IN INCREMENTAL EBITDA TAR

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): December 17, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or

Calculation of Filing Fee Table (incorporated by reference to Exhibit 107.1 to the Registrant’s Registration Statement on Form S-11 filed on December 13, 2024)

Exhibit 107.1 Calculation of Filing Fee Tables Form S-11 (Form Type) ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Table 1: Newly Registered and Carry Forward Securities Security Type Security Class Title Fee Calculation or Carry Forward Rule Amount Registered(2) Proposed Maximum Offering Price Per Unit Maximum Aggregate Offering Price(1) Fee Rate Amount of

Form of Participating Broker-Dealer Agreement

Exhibit 1.2 FORM OF PARTICIPATING BROKER-DEALER AGREEMENT WITH ASHFORD SECURITIES LLC To: RE: ASHFORD HOSPITALITY TRUST, INC. Ladies and Gentlemen: Ashford Securities LLC (the “Dealer Manager”) entered into a dealer manager agreement, dated as of , 20 (the “Dealer Manager Agreement”), with Ashford Hospitality Trust, Inc, a Maryland corporation (the “Company”), under which the Dealer Manager agreed

Agreement of Purchase and Sale between HH FP Portfolio LLC and 275 Tremont Owner, LLC dated November 27, 2024 (incorporated by reference to Exhibit 10.70 to the Registrant’s Registration Statement on Form S-11 filed on December 13, 2024)

Exhibit 10.70 EXECUTION VERSION AGREEMENT OF PURCHASE AND SALE by and between 275 TREMONT OWNER, LLC a Delaware limited liability company (“Purchaser”) and HH FP PORTFOLIO LLC a Delaware limited liability company (“Seller”) Courtyard Boston Downtown, 275 Tremont Street, Boston, MA 02116 TABLE OF CONTENTS Page ARTICLE I. DEFINITIONS 1 1.1. Definitions 1 ARTICLE II. PURCHASE AND SALE; DEPOSIT; PAYME

Form of Subscription Agreement

Exhibit 4.12 Subscription Agreement For help completing this form, please call Ashford Securities Investor Services at (888) 490-4292 1 The undersigned hereby tenders this subscription agreement and applies for purchase of the dollar amount of Shares set forth below. 1. INVESTMENT 2. OWNERSHIP (select only one) We, Ashford Hospitality Trust, Inc., a Maryland corporation (the “Company”), are sellin

As filed with the Securities and Exchange Commission on December 13, 2024

TABLE OF CONTENTS As filed with the Securities and Exchange Commission on December 13, 2024 Registration No.

Amendment to Amendment No. 3 to Credit Agreement, dated as of November 5, 2024, by and among Ashford Hospitality Trust, Inc., Ashford Hospitality Limited Partnership, OPPS AHT Holdings, LLC, ROF8 AHT PT, LLC, Oaktree Phoenix Investment Fund AIF (Delaware), L.P., and Oaktree Fund Administration, LLC, as administrative agent (incorporated by reference to Exhibit 10.49 to the Registrant’s Registration Statement on Form S-11 filed on December 13, 2024)

Exhibit 10.49 AMENDMENT TO AMENDMENT NO. 3 TO CREDIT AGREEMENT This AMENDMENT TO AMENDMENT NO. 3 TO CREDIT AGREEMENT (this “Amendment”) is entered into as of November 5, 2024, among ASHFORD HOSPITALITY LIMITED PARTNERSHIP (the “Borrower”), ASHFORD HOSPITALITY TRUST, INC. (the “Parent”), the guarantors party hereto (the “Guarantors”), the Lenders party hereto (the “Lenders”) and OAKTREE FUND ADMINI

Form of Articles Supplementary for the Series L Preferred Stock

Exhibit 4.10 ASHFORD HOSPITALITY TRUST, INC. ARTICLES SUPPLEMENTARY ESTABLISHING AND FIXING THE RIGHTS AND PREFERENCES OF A SERIES OF PREFERRED STOCK January [], 2025 Ashford Hospitality Trust, Inc., a Maryland corporation (the “Corporation”), having its principal office in Baltimore City, Maryland and its corporate office in Dallas, Texas certifies to the State Department of Assessments and Taxat

Form of Amendment No. 13 to the Seventh Amended and Restated Agreement of Limited Partnership of Ashford Hospitality Limited Partnership

Exhibit 10.1.14 AMENDMENT NO. 13 TO SEVENTH AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF ASHFORD HOSPITALITY LIMITED PARTNERSHIP February [], 2025 This Amendment No. 13 to the Seventh Amended and Restated Agreement of Limited Partnership of Ashford Hospitality Limited Partnership (this “Amendment”) is made as of February [], 2025, by Ashford OP General Partner LLC, a Delaware limited l

Form of Dealer Manager Agreement

Exhibit 1.1 ASHFORD SECURITIES LLC FORM OF DEALER MANAGER AGREEMENT , 20 Ashford Securities LLC 14185 Dallas Parkway, Suite 780 Dallas, Texas 75254 RE: Ashford Hospitality Trust, Inc. Ladies and Gentlemen: Ashford Hospitality Trust, Inc. (the “Company”) is a Maryland corporation that qualified to be taxed as a real estate investment trust (a “REIT”) for federal income tax purposes beginning with t

Form of Articles Supplementary for the Series M Preferred Stock

  Exhibit 4.11   ASHFORD HOSPITALITY TRUST, INC.   ARTICLES SUPPLEMENTARY ESTABLISHING AND FIXING THE RIGHTS AND PREFERENCES OF A SERIES OF PREFERRED STOCK   January [], 2025   Ashford Hospitality Trust, Inc., a Maryland corporation (the “Corporation”), having its principal office in Baltimore City, Maryland and its corporate office in Dallas, Texas certifies to the State Department of Assessments

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): December 9, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or

ASHFORD HOSPITALITY TRUST ANNOUNCES CONVERSION OF LA CONCHA KEY WEST TO MARRIOTT’S AUTOGRAPH COLLECTION

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Laken Avonne Rapier Joseph Calabrese Chief Financial Officer Media Contact Financial Relations Board (972) 490-9600 [email protected] (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES CONVERSION OF LA CONCHA KEY WEST TO MARRIOTT’S AUTOGRAPH COLLECTION DALLAS – December 9, 2024 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or t

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): December 3, 2024 ASHFORD HOSPITAL

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): December 3, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): December 4, 2024 ASHFORD HOSPITAL

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): December 4, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or

ASHFORD HOSPITALITY TRUST ANNOUNCES AGREEMENT TO SELL THE COURTYARD BOSTON DOWNTOWN

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Laken Avonne Rapier Joseph Calabrese Chief Financial Officer Media Contact Financial Relations Board (972) 490-9600 [email protected] (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES AGREEMENT TO SELL THE COURTYARD BOSTON DOWNTOWN DALLAS – December 4, 2024 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) announ

ASHFORD SECURITIES ANNOUNCES March 31, 2025 as final close date for Ashford Hospitality Trust, Inc. sERIES J & SERIES K PREFERRED STOCK OFFERING

Issuer Free Writing Prospectus Dated December 3, 2024 Filed Pursuant to Rule 433 Registration Statement No.

ASHFORD HOSPITALITY TRUST ANNOUNCES CLOSING OF NON-TRADED PREFERRED STOCK OFFERING

Issuer Free Writing Prospectus Dated December 3, 2024 Filed Pursuant to Rule 433 Registration Statement No.

ASHFORD HOSPITALITY TRUST ANNOUNCES CLOSING OF NON-TRADED PREFERRED STOCK OFFERING

Exhibit 99.1 Issuer Free Writing Prospectus Dated December 3, 2024 Filed Pursuant to Rule 433 Registration Statement No. 333-263323 NEWS RELEASE Contact: Deric Eubanks Laken Avonne Rapier Joseph Calabrese Chief Financial Officer Media Contact Financial Relations Board (972) 490-9600 [email protected] (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES CLOSING OF NON-TRADED PREFERRED STOCK OFFE

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): December 3, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or

ASHFORD HOSPITALITY TRUST ANNOUNCES CONVERSION OF LE PAVILLON NEW ORLEANS TO MARRIOTT’S TRIBUTE PORTFOLIO

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Laken Avonne Rapier Joseph Calabrese Chief Financial Officer Media Contact Financial Relations Board (972) 490-9600 [email protected] (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES CONVERSION OF LE PAVILLON NEW ORLEANS TO MARRIOTT’S TRIBUTE PORTFOLIO DALLAS – November 21, 2024 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” o

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): November 21, 2024 ASHFORD HOSPITA

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): November 21, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or

AHT / Ashford Hospitality Trust, Inc. / CastleKnight Master Fund LP Passive Investment

SC 13G/A 1 d1151081713g-a.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 3)* Ashford Hospitality Trust, Inc. (Name of Issuer) Common stock, $0.01 par value per share (Title of Class of Securities) 044103869 (CUSIP Number) September 30, 2024 (Date of Event Which Requires Filing of this Statement) Check

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-31775 ASHFORD HOSPITAL

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): November 12, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or

Amendment No. 2 To the Third Amended and Restated Advisory Agreement, dated November 8, 2024, by and among Ashford Hospitality Trust, Inc., Ashford Hospitality Limited Partnership, Ashford TRS Corporation, Ashford Inc., and Ashford Hospitality Advisors LLC

EXHIBIT 10.1.2 AMENDMENT NO. 2 TO THE THIRD AMENDED AND RESTATED ADVISORY AGREEMENT This AMENDMENT NO. 2 TO THE THIRD AMENDED AND RESTATED ADVISORY AGREEMENT (this “Amendment”) is entered into as of November 8, 2024, by and among ASHFORD HOSPITALITY TRUST, INC. (the “Company”), ASHFORD HOSPITALITY LIMITED PARTNERSHIP (the “Operating Partnership”), ASHFORD TRS CORPORATION (“TRS”), ASHFORD INC. (“AI

ASHFORD HOSPITALITY TRUST ANNOUNCES MODIFICATION FOR MORTGAGE LOAN

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Laken Avonne Rapier Joseph Calabrese Chief Financial Officer Media Contact Financial Relations Board (972) 490-9600 [email protected] (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES MODIFICATION FOR MORTGAGE LOAN DALLAS – November 12, 2024 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) announced today that i

AHT / Ashford Hospitality Trust, Inc. / CHARLES SCHWAB INVESTMENT MANAGEMENT INC - CHARLES SCHWAB INVESTMENT MANAGEMENT INC Passive Investment

SC 13G/A 1 ahta1110724.htm CHARLES SCHWAB INVESTMENT MANAGEMENT INC UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* Ashford Hospitality Trust, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 044103869 (CUSIP Number) September 30, 2024 (Date of Event which Requires Filing of this Stat

ASHFORD HOSPITALITY TRUST ANNOUNCES REFINANCING OF MORTGAGE LOAN SECURED BY THE MARRIOTT CRYSTAL GATEWAY

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Laken Avonne Rapier Joseph Calabrese Chief Financial Officer Media Contact Financial Relations Board (972) 490-9600 [email protected] (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES REFINANCING OF MORTGAGE LOAN SECURED BY THE MARRIOTT CRYSTAL GATEWAY DALLAS – November 7, 2024 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): November 7, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): November 6, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or

ASHFORD HOSPITALITY TRUST ANNOUNCES AMENDMENT TO STRATEGIC FINANCING IN ANTICIPATION OF PAY OFF

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Laken Avonne Rapier Joseph Calabrese Chief Financial Officer Media Contact Financial Relations Board (972) 490-9600 [email protected] (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES AMENDMENT TO STRATEGIC FINANCING IN ANTICIPATION OF PAY OFF DALLAS – November 6, 2024 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Comp

ASHFORD HOSPITALITY TRUST Third Quarter 2024 Conference Call November 6, 2024 10 a.m. CT

EXHIBIT 99.1 ASHFORD HOSPITALITY TRUST Third Quarter 2024 Conference Call November 6, 2024 10 a.m. CT Introductory Comments – Deric Eubanks Good day everyone and welcome to today’s conference call to review results for Ashford Hospitality Trust for the third quarter of 2024 and to update you on recent developments. On the call today will also be: Stephen Zsigray, President and Chief Executive Offi

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): November 6, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or

ASHFORD TRUST REPORTS THIRD QUARTER 2024 RESULTS

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Laken Avonne Rapier Joseph Calabrese Chief Financial Officer Media Contact Financial Relations Board (972) 490-9600 [email protected] (212) 827-3772 ASHFORD TRUST REPORTS THIRD QUARTER 2024 RESULTS DALLAS – November 5, 2024 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) today reported financial results and perf

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): November 5, 2024 ASHFORD HOSPITAL

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): November 5, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or

Articles of Amendment to the Articles of Amendment and Restatement of the Company (incorporated by reference to Exhibit 3.1 to the Registrant’s Current Report on Form 8-K, filed on October 25, 2024) (File No. 001-31775)

EXHIBIT 3.1 ARTICLES OF AMENDMENT ASHFORD HOSPITALITY TRUST, INC. (the “Corporation”), a corporation organized and existing under and by virtue of the Maryland General Corporation Law, DOES HEREBY CERTIFY to the State Department of Assessments and Taxation of Maryland that: FIRST: The charter of the Corporation is hereby amended by changing and reclassifying each of the shares of Common Stock (par

October 25, 2024 (incorporated by reference to Exhibit 10.2 to the Registrant’s Current Report

EXHIBIT 10.2 AMENDMENT NO. 4 to the 2021 STOCK INCENTIVE PLAN of ASHFORD HOSPITALITY TRUST, INC. October 25, 2024 This Amendment No. 4 (this “Amendment”) to the 2021 Stock Incentive Plan of Ashford Hospitality Trust, Inc. (the “Company”) is hereby adopted by the Board of Directors of the Company (the “Board”), effective as of the date first referenced above. WHEREAS, the 2021 Stock Incentive Plan

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): October 25, 2024 ASHFORD HOSPITAL

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): October 25, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or

ASHFORD HOSPITALITY TRUST COMPLETES REVERSE STOCK SPLIT

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Laken Avonne Rapier Joseph Calabrese Chief Financial Officer Media Contact Financial Relations Board (972) 490-9600 [email protected] (212) 827-3772 ASHFORD HOSPITALITY TRUST COMPLETES REVERSE STOCK SPLIT DALLAS – October 25, 2024 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) announced today that it completed

reference to Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed on October 25,

EXHIBIT 10.1 AMENDMENT NO. 12 TO SEVENTH AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF ASHFORD HOSPITALITY LIMITED PARTNERSHIP October 25, 2024 This Amendment No. 12 to the Seventh Amended and Restated Agreement of Limited Partnership of Ashford Hospitality Limited Partnership (this “Amendment”) is made as of October 25, 2024, by Ashford OP General Partner LLC, a Delaware limited liabil

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): October 18, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or

PERSONAL AND CONFIDENTIAL

EXHIBIT 99.1 PERSONAL AND CONFIDENTIAL Mr. Stephen Zsigray 14185 Dallas Parkway, Suite 1200 Dallas, Texas 75254 Dear Stephen, Below sets forth the terms of your compensation and other benefits for your service as an employee of Ashford Hospitality Advisors, LLC, a Delaware limited liability company (the “Company”), effective as of July 1, 2024 (the “Effective Date”). 1. Base Salary. The Company sh

Regulation FD Disclosure, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): October 15, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or

ASHFORD HOSPITALITY TRUST ANNOUNCES DETAILS FOR REVERSE STOCK SPLIT

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Laken Avonne Rapier Joseph Calabrese Chief Financial Officer Media Contact Financial Relations Board (972) 490-9600 [email protected] (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES DETAILS FOR REVERSE STOCK SPLIT DALLAS – October 15, 2024 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) announced today that i

ASHFORD TRUST DECLARES PREFERRED DIVIDENDS FOR THE FOURTH QUARTER OF 2024

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Laken Avonne Rapier Joseph Calabrese Chief Financial Officer Media Contact Financial Relations Board (972) 490-9600 [email protected] (212) 827-3772 ASHFORD TRUST DECLARES PREFERRED DIVIDENDS FOR THE FOURTH QUARTER OF 2024 DALLAS, October 7, 2024 - Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) announced today th

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): October 7, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or o

ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY THIRD QUARTER 2024 RESULTS

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Laken Avonne Rapier Joseph Calabrese Chief Financial Officer Media Contact Financial Relations Board (972) 490-9600 [email protected] (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY THIRD QUARTER 2024 RESULTS DALLAS – October 7, 2024 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) reported today t

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): October 7, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or o

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): September 23, 2024 ASHFORD HOSPIT

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): September 23, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation o

ASHFORD HOSPITALITY TRUST ANNOUNCES REVERSE STOCK SPLIT TO MAINTAIN LISTING ON THE NYSE

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Joseph Calabrese Laken Rapier Chief Financial Officer Financial Relations Board Media Contact (972) 490-9600 (212) 827-3772 (469) 236-2400 ASHFORD HOSPITALITY TRUST ANNOUNCES REVERSE STOCK SPLIT TO MAINTAIN LISTING ON THE NYSE DALLAS – September 26, 2024 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) today announced

First Amendment to Second Consolidated, Amended and Restated Hotel Master Management Agreement by and between Ashford TRS Corporation and Remington Lodging & Hospitality, LLC, dated September 11, 2024 (incorporated by reference to Exhibit 10.1 to the Registrant’s Current Report on Form 8-K, filed on September 12, 2024) (File No. 001-31775)

EXHIBIT 10.1 FIRST AMENDMENT TO SECOND CONSOLIDATED, AMENDED AND RESTATED HOTEL MASTER MANAGEMENT AGREEMENT This First Amendment to Second Consolidated, Amended and Restated Hotel Master Management Agreement (this “Amendment”), is dated as of September 11, 2024, by and between ASHFORD TRS CORPORATION, a Delaware corporation (together with any taxable REIT subsidiaries of the Partnership hereafter

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): September 11, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation o

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): August 22, 2024 ASHFORD HOSPITALI

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): August 22, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or o

Form of 2024 Deferred Cash Award Agreement (incorporated by reference to Exhibit 10.10 to

EXHIBIT 10.10 Deferred Cash Award Agreement This Deferred Cash Award Agreement (this “Award Agreement”) is made and entered into as of March 31, 2024 (the “Grant Date”) by and between Ashford Hospitality Trust, Inc., a Maryland corporation (the “Company”), and [ ] (the “Participant”). All capitalized terms in this Award Agreement shall have the meanings assigned to them herein. Capitalized terms n

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-31775 ASHFORD HOSPITALITY T

reference to Exhibit 10.8 to the Registrant’s Quarterly Report on Form 10-Q filed on August 8,

EXHIBIT 10.8 AGREEMENT OF PURCHASE AND SALE by and between ACS ONE OCEAN PROPCO LLC, a Delaware limited liability company (“Purchaser”) and Ashford Atlantic Beach LP, a Delaware limited partnership, and Ashford TRS Atlantic Beach LLC, a Delaware limited liability company (collectively, “Seller”) One Ocean Resort and Spa at One Ocean Boulevard, Atlantic Beach, Florida 32233 TABLE OF CONTENTS Page A

2024, by and among Ashford Hospitality Trust, Inc., Ashford Hospitality Limited Partnership,

EXHIBIT 10.9 AMENDMENT NO. 1 TO THE THIRD AMENDED AND RESTATED ADVISORY AGREEMENT This AMENDMENT NO. 1 TO THE THIRD AMENDED AND RESTATED ADVISORY AGREEMENT (this “Amendment”) is entered into as of August 8, 2024, by and among ASHFORD HOSPITALITY TRUST, INC. (the “Company”), ASHFORD HOSPITALITY LIMITED PARTNERSHIP (the “Operating Partnership”), ASHFORD TRS CORPORATION (“TRS”), ASHFORD INC. (“AINC”)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): July 31, 2024 ASHFORD HOSPITALITY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): July 31, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or org

ASHFORD HOSPITALITY TRUST Second Quarter 2024 Conference Call July 31, 2024 10 a.m. CT

EXHIBIT 99.1 ASHFORD HOSPITALITY TRUST Second Quarter 2024 Conference Call July 31, 2024 10 a.m. CT Introductory Comments – Deric Eubanks Good day everyone and welcome to today’s conference call to review results for Ashford Hospitality Trust for the second quarter 2024 and to update you on recent developments. On the call today will also be: Stephen Zsigray, President and Chief Executive Officer;

ASHFORD TRUST REPORTS SECOND QUARTER 2024 RESULTS

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Joe Calabrese Chief Financial Officer Financial Relations Board (972) 490-9600 (212) 827-3772 ASHFORD TRUST REPORTS SECOND QUARTER 2024 RESULTS DALLAS – July 30, 2024 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) today reported financial results and performance measures for the second quarter ended June 30, 2024. T

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): July 30, 2024 ASHFORD HOSPITALITY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): July 30, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or org

ASHFORD TRUST DECLARES PREFERRED DIVIDENDS FOR THE THIRD QUARTER OF 2024

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Joseph Calabrese Chief Financial Officer Financial Relations Board (972) 490-9600 (212) 827-3772 ASHFORD TRUST DECLARES PREFERRED DIVIDENDS FOR THE THIRD QUARTER OF 2024 DALLAS, July 11, 2024 - Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) announced today that its Board of Directors (the “Board”) declared a dividend

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): July 11, 2024 ASHFORD HOSPITALITY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): July 11, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or org

ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY SECOND QUARTER 2024 RESULTS

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Joseph Calabrese Chief Financial Officer Financial Relations Board (972) 490-9600 (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY SECOND QUARTER 2024 RESULTS DALLAS – July 8, 2024 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) reported today that the Company expects to report Occupancy of approximatel

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): July 2, 2024 ASHFORD HOSPITALITY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): July 2, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or orga

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): July 8, 2024 ASHFORD HOSPITALITY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): July 8, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or orga

SEPARATION/CONSULTING AGREEMENT

EXHIBIT 99.1 SEPARATION/CONSULTING AGREEMENT THIS SEPARATION/CONSULTING AGREEMENT (this “Agreement”) is made as of June 30, 2024, by and among J. ROBISON HAYS, III (the “Executive”), ASHFORD HOSPITALITY ADVISORS LLC (the “Company”), and ASHFORD INC. (“AINC,” together with the Executive and the Company, the “Parties”). All capitalized terms not defined in this Agreement shall have the meanings assi

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): June 30, 2024 ASHFORD HOSPITALITY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): June 30, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or org

ASHFORD HOSPITALITY TRUST, INC. AND SUBSIDIARIES UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET March 31, 2024 (in thousands, except share and per share amounts)

EXHIBIT 99.2 On June 27, 2024, Ashford Hospitality Trust, Inc. (“Ashford Trust” or the “Company”) completed the sale of the 193-room One Ocean Resort & Spa located in Atlantic Beach, Florida (“One Ocean”) for $85.6 million in cash, net of selling expenses. Additionally, the Company repaid approximately $66.2 million on the mortgage loan of which One Ocean was one of five hotels securing the mortga

Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A (Amendment No. 1) CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): June 27, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of

ASHFORD HOSPITALITY TRUST CLOSES PREVIOUSLY ANNOUNCED SALE OF ONE OCEAN RESORT

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Joseph Calabrese Chief Financial Officer Financial Relations Board (972) 490-9600 (212) 827-3772 ASHFORD HOSPITALITY TRUST CLOSES PREVIOUSLY ANNOUNCED SALE OF ONE OCEAN RESORT DALLAS – June 27, 2024 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) today announced that it has closed on the sale of the 193-room One Ocea

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): June 27, 2024 ASHFORD HOSPITALITY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): June 27, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or org

ASHFORD HOSPITALITY TRUST, INC. AND SUBSIDIARIES UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET March 31, 2024 (in thousands, except share and per share amounts)

EXHIBIT 99.1 On June 10, 2024, Ashford Hospitality Trust, Inc. (“Ashford Trust” or the “Company”) completed the sale of the 90-room SpringHill Suites Kennesaw and the 86-room Fairfield Inn Kennesaw located in Kennesaw, Georgia (collectively the “Hotel Group”) for $17.1 million in cash, net of selling expenses. Additionally, the Company repaid approximately $10.9 million on the mortgage loan secure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): June 10, 2024 ASHFORD HOSPITALITY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): June 10, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or org

ASHFORD HOSPITALITY TRUST ANNOUNCES SALE OF ADDITIONAL SELECT-SERVICE HOTELS

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Joseph Calabrese Chief Financial Officer Financial Relations Board (972) 490-9600 (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES SALE OF ADDITIONAL SELECT-SERVICE HOTELS DALLAS – June 13, 2024 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) today announced that it has closed on the sale of the 90-room SpringHill

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A (Amendment No. 1) CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): June 10, 2024

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A (Amendment No. 1) CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): June 10, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): May 31, 2024 ASHFORD HOSPITALITY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): May 31, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or orga

ASHFORD HOSPITALITY TRUST ANNOUNCES ADDITIONAL ASSET SALES

Exhibit 99.1 NEWS RELEASE Contact: Deric Eubanks Jordan Jennings Joseph Calabrese Chief Financial Officer Investor Relations Financial Relations Board (972) 490-9600 (972) 778-9487 (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES ADDITIONAL ASSET SALES DALLAS – June 3, 2024 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) today announced that it has closed on the

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K/A CURRENT REPORT (Amendment No. 1) PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): May 14, 2024

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K/A CURRENT REPORT (Amendment No. 1) PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): May 14, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of i

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): May 14, 2024 ASHFORD HOSPITALITY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): May 14, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or orga

ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY RESULTS OF ITS 2024 ANNUAL MEETING OF STOCKHOLDERS ‘ACTIVIST’ BLACKWELLS EFFORTS THWARTED

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Jordan Jennings Joseph Calabrese Chief Financial Officer Investor Relations Financial Relations Board (972) 490-9600 (972) 778-9487 (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY RESULTS OF ITS 2024 ANNUAL MEETING OF STOCKHOLDERS ‘ACTIVIST’ BLACKWELLS EFFORTS THWARTED DALLAS – May 14, 2024 – Ashford Hospitality Trust, Inc. (NYSE: AHT

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☐ Filed by a Party other than the Registrant ☒ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☐ Filed by a Party other than the Registrant ☒ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): May 9, 2024 ASHFORD HOSPITALITY T

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): May 9, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or organ

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-31775 ASHFORD HOSPITALITY

ASHFORD HOSPITALITY TRUST COMPLETES REFINANCING OF MORTGAGE LOAN FOR THE RENAISSANCE NASHVILLE

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Jordan Jennings Joseph Calabrese Chief Financial Officer Investor Relations Financial Relations Board (972) 490-9600 (972) 778-9487 (212) 827-3772 ASHFORD HOSPITALITY TRUST COMPLETES REFINANCING OF MORTGAGE LOAN FOR THE RENAISSANCE NASHVILLE DALLAS – May 9, 2024 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) today a

First Amendment to Agreement of Purchase and Sale, dated as of February 28, 2024, by and

EXHIBIT 10.7.1 AMENDMENT TO AGREEMENT OF PURCHASE AND SALE THIS AMENDMENT TO AGREEMENT OF PURCHASE AND SALE (this “Amendment”), is dated as of February 28, 2024 (the “Effective Date”), by and between PIM BOSTON BACK BAY LLC, a Delaware limited liability company (“Fee Owner”) and PIM TRS BOSTON BACK BAY LLC, a Delaware limited liability company (“Operating Lessee”, and together with Fee Owner, coll

Back Bay LLC (incorporated by reference to Exhibit 10.7.2 to the Registrant’s Quarterly

EXHIBIT 10.7.2 SECOND AMENDMENT TO AGREEMENT OF PURCHASE AND SALE THIS SECOND AMENDMENT TO AGREEMENT OF PURCHASE AND SALE (this “Amendment”), is dated as of April 8, 2024 (the “Effective Date”), by and between PIM BOSTON BACK BAY LLC, a Delaware limited liability company (“Fee Owner”) and PIM TRS BOSTON BACK BAY LLC, a Delaware limited liability company (“Operating Lessee”, and together with Fee O

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☐ Filed by a Party other than the Registrant ☒ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission

Agreement of Purchase and Sale, dated as of January 29, 2024, by and between Beantown Hotel Owner, LLC and PIM Boston Back Bay LLC and PIM TRS Boston Back Bay LLC (incorporated by reference to Exhibit 10.7 to the Registrant’s Quarterly Report on Form 10-Q filed on May 9, 2024)

EXHIBIT 10.7 AGREEMENT OF PURCHASE AND SALE by and between BEANTOWN HOTEL OWNER LLC a Delaware limited liability company (“Purchaser”) and PIM BOSTON BACK BAY LLC a Delaware limited liability company (“Fee Owner”) and PIM TRS BOSTON BACK BAY LLC a Delaware limited liability company (“Operating Lessee”, and together with Fee Owner, collectively, “Seller”) Hilton Boston Back Bay Hotel 40 Dalton Stre

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): May 8, 2024 ASHFORD HOSPITALITY T

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): May 8, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or organ

ASHFORD HOSPITALITY TRUST First Quarter 2024 Conference Call May 8, 2024 10 a.m. CT

EXHIBIT 99.1 ASHFORD HOSPITALITY TRUST First Quarter 2024 Conference Call May 8, 2024 10 a.m. CT Introductory Comments – Jordan Jennings Good day everyone and welcome to today’s conference call to review results for Ashford Hospitality Trust for the first quarter 2024 and to update you on recent developments. On the call today will be: Rob Hays, President and Chief Executive Officer; Deric Eubanks

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☐ Filed by a Party other than the Registrant ☒ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission

ASHFORD TRUST REPORTS FIRST QUARTER 2024 RESULTS

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Jordan Jennings Joe Calabrese Chief Financial Officer Investor Relations Financial Relations Board (972) 490-9600 (972) 778-9487 (212) 827-3772 ASHFORD TRUST REPORTS FIRST QUARTER 2024 RESULTS DALLAS – May 7, 2024 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) today reported financial results and performance measure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☐ Filed by a Party other than the Registrant ☒ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): May 7, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or organ

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☐ Filed by a Party other than the Registrant ☒ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☐ Filed by a Party other than the Registrant ☒ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☐ Filed by a Party other than the Registrant ☒ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☒ Definitive Proxy State

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☐ Filed by a Party other than the Registrant ☒ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission

ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY FIRST QUARTER RESULTS FOR 2024

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Jordan Jennings Joseph Calabrese Chief Financial Officer Investor Relations Financial Relations Board (972) 490-9600 (972) 778-9487 (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY FIRST QUARTER RESULTS FOR 2024 DALLAS – April 30, 2024 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) today announced its

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): April 30, 2024 ASHFORD HOSPITALIT

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): April 30, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or or

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): April 29, 2024 ASHFORD HOSPITALIT

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): April 29, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or or

ASHFORD HOSPITALITY TRUST PROVIDES UPDATE ON ASSET SALES AND DELEVERAGING PLAN

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Jordan Jennings Joseph Calabrese Chief Financial Officer Investor Relations Financial Relations Board (972) 490-9600 (972) 778-9487 (212) 827-3772 ASHFORD HOSPITALITY TRUST PROVIDES UPDATE ON ASSET SALES AND DELEVERAGING PLAN DALLAS – April 29, 2024 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) today announced that

ASHFORD HOSPITALITY TRUST ANNOUNCES CEO SUCCESSION PLAN

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Jordan Jennings Joseph Calabrese Chief Financial Officer Investor Relations Financial Relations Board (972) 490-9600 (972) 778-9487 (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES CEO SUCCESSION PLAN DALLAS – April 18, 2024 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) today announced that Rob Hays, the current

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): April 17, 2024 ASHFORD HOSPITALIT

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): April 17, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or or

ASHFORD HOSPITALITY TRUST ANNOUNCES PROGRESS IN PLAN TO PAY OFF STRATEGIC FINANCING WITH CLOSING OF SALE OF THE HILTON BOSTON BACK BAY

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Jordan Jennings Joseph Calabrese Chief Financial Officer Investor Relations Financial Relations Board (972) 490-9600 (972) 778-9487 (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES PROGRESS IN PLAN TO PAY OFF STRATEGIC FINANCING WITH CLOSING OF SALE OF THE HILTON BOSTON BACK BAY DALLAS – April 10, 2024 – Ashford Hospitality Trust, Inc. (NYSE: AHT)

ASHFORD TRUST DECLARES PREFERRED DIVIDENDS FOR THE SECOND QUARTER OF 2024

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Jordan Jennings Joseph Calabrese Chief Financial Officer Investor Relations Financial Relations Board (972) 490-9600 (972) 778-9487 (212) 827-3772 ASHFORD TRUST DECLARES PREFERRED DIVIDENDS FOR THE SECOND QUARTER OF 2024 DALLAS, April 10, 2024 - Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) announced today that its B

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): April 9, 2024 ASHFORD HOSPITALITY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): April 9, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or org

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): April 10, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or or

ASHFORD HOSPITALITY TRUST, INC. AND SUBSIDIARIES UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET December 31, 2023 (in thousands, except share and per share amounts)

EXHIBIT 99.2 On April 9, 2024, Ashford Hospitality Trust, Inc. (“Ashford Trust” or the “Company”) completed the sale of the 144-room Hilton Boston Back Bay located in Boston, Massachusetts (“Hilton Back Bay”) for $167.0 million in cash, net of selling expenses. Additionally, the Company repaid approximately $98.0 million on the mortgage loan secured by the Hilton Back Bay. The following unaudited

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): April 10, 2024 ASHFORD HOSPITALIT

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): April 10, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or or

PRELIMINARY PROXY STATEMENT — SUBJECT TO COMPLETION DATED APRIL 9, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

PRELIMINARY PROXY STATEMENT — SUBJECT TO COMPLETION DATED APRIL 9, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): April 8, 2024 ASHFORD HOSPITALITY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): April 8, 2024 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 001-31775 86-1062192 (State or other jurisdiction of incorporation or org

ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY FIRST QUARTER 2024 RESULTS

EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Jordan Jennings Joseph Calabrese Chief Financial Officer Investor Relations Financial Relations Board (972) 490-9600 (972) 778-9487 (212) 827-3772 ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY FIRST QUARTER 2024 RESULTS DALLAS – April 8, 2024 – Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) reported today that the C

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ☒ Filed by a Party other than the Registrant  ☐ Check the appropriate box:  ☐ Preliminary Proxy Statement  ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☒ De

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ☒ Filed by a Party other than the Registrant  ☐ Check the appropriate box:  ☐ Preliminary Proxy Statement  ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☐ De

Limited Waiver Under Advisory Agreement, dated as of March 11 2024, by and among Ashford Hospitality Trust, Inc., Ashford Hospitality Limited Partnership, Ashford TRS Corporation, Ashford Inc. and Ashford Hospitality Advisors LLC (incorporated by reference to Exhibit 10.68 to the Registrant’s Annual Report on Form 10-K filed on March 14, 2024)

EXHIBIT 10.68 LIMITED WAIVER UNDER ADVISORY AGREEMENT This LIMITED WAIVER UNDER ADVISORY AGREEMENT (this “Waiver”) is entered into as of March 11, 2024, by and among ASHFORD HOSPITALITY TRUST, INC. (the “Company”), ASHFORD HOSPITALITY LIMITED PARTNERSHIP (the “Operating Partnership”), ASHFORD TRS CORPORATION (“TRS”), ASHFORD INC. (“AINC”), and ASHFORD HOSPITALITY ADVISORS LLC (“Ashford LLC” and, t

Policy relating to recovery of erroneously awarded compensation, as required by applicable listing standards adopted pursuant to 17 CFR 240.10D-1

Exhibit 97.1 Ashford Hospitality Trust, Inc. Policy on Recoupment of Incentive Compensation (Effective October 2, 2023) This policy (“Policy”) sets forth the terms and conditions under which Ashford Hospitality Trust, Inc. (the “Company”) will seek reimbursement of certain incentive compensation paid or payable to certain current or former executive officers of the Company. This Policy as amended

Amendment No. 3 to Credit Agreement, dated as of March 11, 2024, by and among Ashford Hospitality Trust, Inc., Ashford Hospitality Limited Partnership, OCM AHT Holdings, LLC, ROF8 AHT PT, LLC, Oaktree Phoenix Investment Fund AIF (Delaware), L.P., and Oaktree Fund Administration, LLC, as administrative agent (incorporated by reference to Exhibit 10.67 to the Registrant’s Annual Report on Form 10-K filed on March 14, 2024)

EXHIBIT 10.67 AMENDMENT NO. 3 TO CREDIT AGREEMENT This AMENDMENT NO. 3 TO CREDIT AGREEMENT (this “Amendment”) is entered into as of March 11, 2024, among ASHFORD HOSPITALITY LIMITED PARTNERSHIP (the “Borrower”), ASHFORD HOSPITALITY TRUST, INC. (the “Parent”), the guarantors party hereto (the “Guarantors”), the Lenders party hereto (the “Lenders”) and OAKTREE FUND ADMINISTRATION, LLC, as administra

reference to Exhibit 10.64 to the Registrant’s Annual Report on Form 10-K filed on March 14,

EXHIBIT 10.64 THIRD AMENDED AND RESTATED ADVISORY AGREEMENT ASHFORD HOSPITALITY TRUST, INC. THIS THIRD AMENDED AND RESTATED ADVISORY AGREEMENT (this “Agreement”), is dated and effective as of March 12, 2024 (the “Effective Date”), by and between ASHFORD HOSPITALITY TRUST, INC., a Maryland corporation (“Ashford Trust” or the “Company”), ASHFORD HOSPITALITY LIMITED PARTNERSHIP, a Delaware limited pa

Hospitality Limited Partnership, Ashford Hospitality Trust, Inc., the guarantors party thereto,

EXHIBIT 10.69 LIMITED WAIVER TO CREDIT AGREEMENT This LIMITED WAIVER TO CREDIT AGREEMENT (this “Waiver”) is entered into as of March 11, 2024, among ASHFORD HOSPITALITY LIMITED PARTNERSHIP (the “Borrower”), ASHFORD HOSPITALITY TRUST, INC. (the “Parent”), the guarantors party hereto (the “Guarantors”), the Lenders party hereto (the “Lenders”) and OAKTREE FUND ADMINISTRATION, LLC, as administrative

Registrant’s Special-Purpose Entities Listing (incorporated by reference to Exhibit 21.2 to the Registrant’s Annual Report on Form 10-K filed on March 14, 2024)

EXHIBIT 21.2 SPECIAL PURPOSE ENTITIES LIST AS OF DECEMBER 31, 2022 Annapolis Maryland Hotel Limited Partnership Ashford Alpharetta Limited Partnership Ashford Anchorage LP Ashford Atlantic Beach LP Ashford Austin LP Ashford Basking Ridge LP Ashford Bloomington LP Ashford Bridgewater Hotel Partnership, LP Ashford Bucks County LLC Ashford Buford I LP Ashford Buford II LP Ashford BWI Airport LP Ashfo

Amended and Restated Master Project Management Agreement, dated as of March 12, 2024, by and among Ashford Hospitality Limited Partnership, Ashford TRS Corporation, and Premier Project Management LLC (incorporated by reference to Exhibit 10.66 to the Registrant’s Annual Report on Form 10-K filed on March 14, 2024)

EXHIBIT 10.66 AMENDED AND RESTATED MASTER PROJECT MANAGEMENT AGREEMENT This Amended and Restated Master Project Management Agreement (the “Agreement”), is dated and effective as of March 12, 2024 (the “Effective Date”), by and among ASHFORD HOSPITALITY LIMITED PARTNERSHIP, a Delaware limited partnership (the “Partnership”), ASHFORD TRS CORPORATION, a Delaware corporation (together with any taxable

Hospitality, LLC (incorporated by reference to Exhibit 10.65 to the Registrant’s Annual

EXHIBIT 10.65 SECOND CONSOLIDATED, AMENDED AND RESTATED HOTEL MASTER MANAGEMENT AGREEMENT by and among ASHFORD TRS CORPORATION a Delaware corporation and REMINGTON LODGING & HOSPITALITY, LLC a Delaware limited liability company TABLE OF CONTENTS CONSOLIDATED, AMENDED AND RESTATED 7 HOTEL MASTER MANAGEMENT AGREEMENT 7 R E C I T A L S: 7 A G R E E M E N T S: 7 ARTICLE I DEFINITION OF TERMS 7 1.01 De

Description of Securities

EXHIBIT 4.10 DESCRIPTION OF SECURITIES REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 As of December 31, 2023, Ashford Hospitality Trust Inc. (“we,” “us,” “our” and the “Company”) has six classes of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”): (1) our Common Stock; (2) our Series D Preferred Stock; (3) our