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Ashford's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Stocks in this article: AHT

Ashford Hospitality Trust, Inc. (AHT)

Q1 2012 Earnings Call

April 26, 2012 11:30 am ET

Executives

Scott Eckstein - Financial Relations Board

Monty Bennett - CEO

Douglas Kessler - President

David Kimichik - CFO & Treasurer

Analysts

Smedes Rose - KBW

Nikhil Bhalla - FBR

Bob LaFleur - Cantor Fitzgerald

David Loeb - Robert W. Baird

Presentation

Operator

Good morning ladies and gentlemen. Thank you for standing by. Welcome to the Ashford Hospitality Trust first quarter 2012 conference call. During today’s presentation all participants will be in a listen-only mode. Following the presentation, the conference will be open for questions. (Operator Instructions) This conference is being recorded today, Thursday April 26, 2012.

At this time I would 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 first quarter of 2012. 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 a notice of the accessibility of this conference call on a listen-only basis over the internet was distributed yesterday afternoon in a 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 contained 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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