Ashford Hospitality Trust is based in Dallas, TX and went public in 2013. Previously, its predecessor companies had a long history in the hotel business going back to the 1960’s. Ashford Hospitality Trust benefits from experience gained through hotel cycles, disciplined capital market activities, successful transaction track record, and value-added asset management. Ashford Hospitality Trust is externally advised by Ashford Inc. (NYSE American: AINC). Our strategy is to invest opportunistically in the hospitality industry in upper upscale, full service hotels and at all levels of the capital structure primarily within the United States. We target assets that are anticipated to generate RevPAR below twice the current U.S. average RevPAR for all hotels as determined by Smith Travel Research and which are located predominantly in the United States, although we may seek to acquire assets outside the U.S. that fit our investment criteria. Currently, our portfolio consists of 101 properties with over 25,000 rooms.