EXHIBIT 99.1
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| The premier capital provider to the hospitality industryTM | 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 2007 COMMON AND PREFERRED SHARE
DISTRIBUTIONS
INFORMATION FOR 2007 COMMON AND PREFERRED SHARE
DISTRIBUTIONS
DALLAS — Ashford Hospitality Trust, Inc. (NYSE: AHT) today announced the tax reporting (Federal Form 1099-DIV) information for the 2007 distributions on its common shares and its Series A and D preferred shares.
The income tax treatment for the 2007 distributions for Ashford Hospitality Trust, Inc. Common Stock CUSIP #044103109 traded on the NYSE under ticker symbol “AHT” is as follows:
| Ordinary | Non-taxable | Distribution Type | ||||||||||||||||||
| Distributions | Taxable | Return | Total Capital Gain | Unrecaptured | ||||||||||||||||
| Per Share | Dividend | of Capital | Distribution | Sec.1250 Gain (a) | ||||||||||||||||
| Total Per Share | $ | 0.83000 | $ | 0.80330 | $ | 0.01324 | $ | 0.01346 | $ | 0.00443 | ||||||||||
| Percent | 100.00 | % | 96.78 | % | 1.59 | % | 1.62 | % | .53 | % | ||||||||||
100% of the common share distribution declared in December 2007 and paid out in January 2008 will be subject to taxation in 2008.
The income tax treatment for the 2007 distributions for Ashford Hospitality Trust, Inc. Series A Preferred Stock CUSIP #044103208 on the NYSE traded under ticker symbol “AHT-A” is as follows:
| Distribution Type | ||||||||||||||||
| Distributions Per | Ordinary Taxable | Total Capital Gain | Unrecaptured | |||||||||||||
| Share | Dividend | Distribution | Sec.1250 Gain (a) | |||||||||||||
| Total Per Share | $ | 2.13760 | $ | 2.10232 | $ | 0.03528 | $ | 0.01154 | ||||||||
| Percent | 100.00 | % | 98.35 | % | 1.65 | % | .54 | % | ||||||||
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AHT Announces Tax Reporting Information for 2007 Distributions
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February 8, 2008
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February 8, 2008
The income tax treatment for the 2007 distributions for Ashford Hospitality Trust, Inc. Series D Preferred Stock CUSIP #044103406 on the NYSE traded under ticker symbol “AHT-D” is as follows:
| Distribution Type | ||||||||||||||||
| Distributions | Ordinary Taxable | Total Capital Gain | Unrecaptured | |||||||||||||
| Payable Dates | Per Share | Dividend | Distribution | Sec.1250 Gain (a) | ||||||||||||
| Total Per Share | $ | 0.95650 | $ | 0.94072 | $ | 0.01578 | $ | 0.00517 | ||||||||
| Percent | 100.00 | % | 98.35 | % | 1.65 | % | .54 | % | ||||||||
| (a) | Unrecaptured Section 1250 Gain is a subset of, and included in, the Total Capital Gain distribution. |
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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