Exhibit 99.1
NEWS RELEASE
| | | | | |
| Contact: | | David Kimichik | | Tripp Sullivan |
| | | Chief Financial Officer | | Corporate Communications, Inc. |
| | | (972) 490-9600 | | (615) 254-3376 |
ASHFORD HOSPITALITY TRUST ANNOUNCES TAX REPORTING
INFORMATION FOR 2006 COMMON AND PREFERRED
SHARE
DISTRIBUTIONS
DALLAS — (January 25, 2007) — Ashford Hospitality Trust, Inc. (NYSE:AHT) today announced the tax reporting (Federal Form 1099-DIV) information for the 2006 distributions on its common shares and its Series A preferred shares.
The income tax treatment for the 2006 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 | |
| | | | | | | | | | | Distributions Per | | | Ordinary Taxable | | | Nontaxable Return | |
| Declaration Dates | | Record Dates | | | Payable Dates | | | Share | | | Dividend | | | of Capital | |
| 12-15-05 | | | 12-31-05 | | | | 01-16-06 | | | $ | 0.20000 | | | $ | 0.20000 | | | $ | 0.00000 | |
| 03-15-06 | | | 03-31-06 | | | | 04-17-06 | | | $ | 0.20000 | | | $ | 0.20000 | | | $ | 0.00000 | |
| 06-15-06 | | | 06-30-06 | | | | 07-17-06 | | | $ | 0.20000 | | | $ | 0.20000 | | | $ | 0.00000 | |
| 09-14-06 | | | 09-30-06 | | | | 10-16-06 | | | $ | 0.20000 | | | $ | 0.20000 | | | $ | 0.00000 | |
| 12-14-06 | | | 12-31-06 | | | | 1-15-07 | | | $ | 0.05000 | | | $ | 0.05000 | | | $ | 0.00000 | |
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| | | | | | | TOTALS | | $ | 0.85000 | | | $ | 0.85000 | | | $ | 0.00000 | |
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| | | | | | | PERCENT | | | 100.00 | % | | | 100.00 | % | | | 0.00 | % |
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25% of the common share distribution declared in December 2006 and paid out in January 2007 was paid out of Ashford Hospitality Trust, Inc.’s 2006 earnings and profits. Pursuant to Internal Revenue Code Section 857(b)(9), these distributions are required to be included in the taxpayer’s 2006 taxable income. The remaining amount of the distribution paid in January 2007 will be subject to taxation in 2007.
The income tax treatment for the 2006 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 | |
| | | | | | | | | | | Distributions Per | | | Ordinary Taxable | |
| Declaration Dates | | Record Dates | | | Payable Dates | | | Share | | | Dividend | |
| | | | | | | | | | | | | | | | | |
| 03-15-06 | | | 03-31-06 | | | | 04-17-06 | | | $ | 0.5344 | | | $ | 0.5344 | |
| 06-15-06 | | | 06-30-06 | | | | 07-17-06 | | | $ | 0.5344 | | | $ | 0.5344 | |
| 09-14-06 | | | 09-30-06 | | | | 10-16-06 | | | $ | 0.5344 | | | $ | 0.5344 | |
| 12-14-06 | | | 12-31-06 | | | | 01-15-07 | | | $ | 0.5344 | | | $ | 0.5344 | |
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| | | | | | | TOTALS | | $ | 02.1376 | | | $ | 02.1376 | |
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| | | | | | | PERCENT | | | 100.00 | % | | | 100.00 | % |
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AHT Announces Tax Reporting Information for 2006 Distributions
Page 2
January 25, 2007
None of the dividends classified above as ordinary income represent “qualified dividend income” and therefore are not eligible for reduced rates.
The Company encourages shareholders to consult with their own tax advisors with respect to the federal, state and local income tax effects of these dividends.
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-leasebacks transactions. Additional information can be found on the Company’s web site at www.ahtreit.com.
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