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ASHFORD TRUST ANNOUNCES ACQUISITION OF THE LE PAVILLON HOTEL IN NEW ORLEANS, LOUISIANA

Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) announced today that it has completed the acquisition of the 226-room Le Pavillon Hotel for total consideration of $62.5 million in cash ($277,000 per key). Located in the thriving New Orleans, LA market, the hotel features approximately 7,800 square feet of meeting space across nine rooms. At closing, Remington Lodging assumed property management. The Company also closed on a $43.75 million non-recourse mortgage loan to finance the acquisition

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T & I Committee Passes Graves’ Legislation to Improve Disaster Recovery

The House Committee on Transportation and Infrastructure advanced a slate of bills today, including a bipartisan disaster relief bill authored by Reps. Garret Graves (LA-6) and Stacey Plaskett (D-V.I.). The legislation, H.R. 1311 is designed to help communities recover from disasters and increase disaster program transparency and oversight