Exhibit 99.1
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 | | NEWS RELEASE |
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| Contact: | | Douglas Kessler | | Tripp Sullivan |
| | COO and Head of Acquisitions | | Corporate Communications, Inc. |
| | (972) 490-9600 | | (615) 254-3376 |
ASHFORD HOSPITALITY TRUST ANNOUNCES FINAL TAX REPORTING
INFORMATION FOR 2004 COMMON AND PREFERRED SHARE DISTRIBUTIONS
DALLAS — (February 1, 2005) — Ashford Hospitality Trust, Inc. (NYSE: AHT) today announced the tax reporting (Federal Form 1099-DIV) information for the 2004 distributions on its common shares and its Series A preferred shares.
The income tax treatment for the 2004 distributions for Ashford Hospitality Trust, Inc. Common Stock CUSIP # 044103109 traded on the NYSE under ticker symbol “AHT” is as follows:
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| | | | | | | | | | | | | | | Distribution Type |
| | | | | | | | | | | | | | | Ordinary | | | | |
| Declaration | | Record | | | Payable | | | Distributions | | | Taxable | | | Return of | |
| Dates | | Dates | | | Dates | | | Per Share | | | Dividend | | | Capital | |
| 03-15-04 | | | 3-31-04 | | | | 04-15-04 | | | $ | 0.0600 | | | $ | 0.023639 | | | $ | 0.036361 | |
| 06-16-04 | | | 06-30-04 | | | | 07-15-04 | | | $ | 0.1000 | | | $ | 0.039397 | | | $ | 0.060603 | |
| 09-13-04 | | | 09-30-04 | | | | 10-15-04 | | | $ | 0.1400 | | | $ | 0.055157 | | | $ | 0.084843 | |
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| | | | | | | TOTALS | | $ | 0.3000 | | | $ | 0.118193 | | | $ | 0.181807 | |
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| | | | | | | PERCENT | | | 100.00 | % | | | 39.3977 | % | | | 60.6023 | % |
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The $0.15 per common share dividend, declared on December 15, 2004, and distributed on January 18, 2005, will be included in the shareholders’ income for the year 2005.
The income tax treatment for the 2004 distributions for Ashford Hospitality Trust, Inc. Series A Preferred Stock CUSIP # 044103028 on the NYSE traded under ticker symbol “AHT PrA” is as follows:
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| | | | | | | | | | | | | | | Distribution Type | |
| | | | | | | | | | | | | | | Ordinary | |
| Declaration | | Record | | | Payable | | | Distributions | | | Taxable | |
| Dates | | Dates | | | Dates | | | Per Share | | | Dividend | |
| 12-17-04 | | | 12-31-04 | | | | 01-18-2005 | | | $ | 0.5878 | | | $ | 0.5878 | |
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| | | | | | | TOTALS | | $ | 0.5878 | | | $ | 0.5878 | |
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| | | | | | | PERCENT | | | 100.00 | % | | | 100.00 | % |
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None of the dividends classified above as ordinary income represent “qualified dividend income” and therefore are not eligible for reduced rates.
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14185 Dallas Parkway, Suite 1100, Dallas, TX 75254 Phone: (972) 490-9600
AHT Announces Final Tax Reporting Information for 2004 Distributions
Page 2
February 1, 2005
The Company did not incur any foreign taxes. This information represents FINAL income allocations.
Ashford Hospitality Trust is a self-administered real estate investment trust focused on investing in the hospitality industry across all segments and at all levels of the capital structure, including direct hotel investments, first mortgages, mezzanine loans and sale-leaseback transactions. Additional information can be found on the Company’s web site at www.ahtreit.com.
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