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Ashford Hospitality Trust's CEO Discusses Q3 2011 Results - Earnings Call Transcript

Ashford Hospitality Trust, Inc. ( AHT)

Q3 2011 Results Earnings Call

November 10, 2011 11:00 AM ET

Executives

Scott Eckstein – IR

Monty Bennett – CEO

David Kimichik – CFO and Treasurer

Douglas Kessler – President

Analysts

Patrick Scholes – FBR Capital Markets

Ryan Meliker – Morgan Stanley

Will Marks – JMP Securities

Presentation

Operator

Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Ashford Hospitality Trust Third Quarter 2011 Conference Call. At time, all participants are in a listen-only mode. Following the presentation, there will be a question-and-answer session and instructions will be given at that time. (Operator Instructions) And as a reminder, this call is being recorded today, November 10, 2011.

I would now like to turn the call over to Scott Eckstein with MWW Group. Please go ahead.

Scott Eckstein

Thank you, operator. Good day, everyone, and welcome to Ashford Hospitality Trust conference call to review the company’s results for the third quarter of 2011. On the call today will be Monty Bennett, Chief Executive Officer; Douglas Kessler, President; and David Kimichik, Chief Financial Officer. The results as well as notice of the accessibility of this conference call on a listen-only basis over the Internet released yesterday afternoon in the press release that has been covered by the financial media.

At this time, let me remind you that certain statements and assumptions in this conference call contain or are based upon forward-looking information and are being made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to numerous assumptions, uncertainties and known or unknown risks, which could cause actual results to differ materially from those anticipated. Those risk factors are more fully discussed in the section entitled Risk Factors in Ashford’s Registration Statement on Form S-3 and other filings with the Securities and Exchange Commission. Forward-looking statements included in this conference call are only made as of the date of this call, and the company is not obligated to publicly update or revise them.

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