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Ashford Hospitality Trust's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Ashford Hospitality Trust, Inc. ( AHT)

Q4 2011 Earnings Call

February 23, 2012 11:00 am ET

Executives

Scott Eckstein - IR

Monty Bennett - CEO

Douglas Kessler - President

David Kimichik - CFO

Analysts

David Loeb - Robert W. Baird

Patrick Scholes - FBR Capital Markets

Robin Farley - UBS

Smedes Rose - Keefe Bruyette & Woods

Presentation

Operator

Good day, ladies and gentlemen. Thank you for standing by. Welcome to the Ashford Hospitality Trust Fourth Quarter Conference Call. During today’s presentation all parties will be in a listen-only mode. Following the presentation, the conference will be opened for questions. (Operator Instructions) This conference is being recorded today, February 23rd, 2012.

I would now like to turn the conference over to Scott Eckstein with Financial Relations Board. Please go ahead, sir.

Scott Eckstein

Good day, everyone, and welcome to Ashford Hospitality Trust conference call to review the company’s results for the fourth 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 were distributed 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 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. These 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. The 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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