EXHIBIT 21.1
SUBSIDIARIES LISTING AS OF DECEMBER 31, 2013
All the subsidiaries listed below are incorporated in Delaware except that Ashford Hospitality Trust, Inc. is incorporated in Maryland
| AH Tenant Corporation |
| APHM - ND, L.P. |
| APHM North Dallas - GP, LLC |
| Ashford 1031 GP LLC |
| Annapolis Hotel GP LLC |
| Annapolis Maryland Hotel Limited Partnership |
| Ashford Alpharetta Limited Partnership |
| Ashford Anchorage GP LLC |
| Ashford Anchorage LP |
| Ashford Atlanta Buckhead LP |
| Ashford Atlantic Beach LP |
| Ashford Austin LP |
| Ashford Basking Ridge LP |
| Ashford Birmingham LP |
| Ashford Bloomington LP |
| Ashford Bridgewater Hotel Partnership, LP |
| Ashford Bucks County LLC |
| Ashford Buena Vista LP |
| Ashford Buford I LP |
| Ashford Buford II LP |
| Ashford BWI Airport LP |
| Ashford Canada Trust |
| Ashford Capital Advisors LLC |
| Ashford Centerville Limited Partnership |
| Ashford Charlotte Limited Partnership |
| Ashford CM GP LLC |
| Ashford CM Partners LP |
| Ashford Columbus GP LLC |
| Ashford Columbus LP |
| Ashford Coral Gables LP |
| Ashford Credit Holding LLC |
| Ashford Crystal City Limited Partnership |
| Ashford Crystal City GP LLC |
| Ashford Crystal City Partners LP |
| Ashford Crystal Gateway GP LLC |
| Ashford Crystal Gateway LP |
| Ashford Dallas LP |
| Ashford Dearborn GP LLC |
| Ashford Dulles LP |
| Ashford Durham I LLC |
| Ashford Durham II LLC |
| Ashford Edison LP |
| Ashford Evansville I LP |
| Ashford Evansville III LP |
| Ashford Falls Church Limited Partnership |
| Ashford Five Junior Mezz LLC |
| Ashford Five Senior Mezz LLC |
| Ashford Flagstaff LP |
| Ashford Ft. Lauderdale Weston I LLC |
| Ashford Ft. Lauderdale Weston II LLC |
| Ashford Ft. Lauderdale Weston III LLC |
| Ashford Gaithersburg Limited Partnership |
| Ashford Gateway TRS Corporation |
| Ashford GCH Beverage, Inc. |
| Ashford Hawthorne LP |
| Ashford HHC LLC |
| Ashford HHC II LLC |
| Ashford HHC Partners LP |
| Ashford HHC Partners II LP |
| Ashford HI Beverage, Inc. |
| Ashford Hospitality Advisors LLC |
| Ashford Hospitality Finance General Partner LLC |
| Ashford Hospitality Finance LP |
| Ashford Hospitality Prime Limited Partnership |
| Ashford Hospitality Limited Partnership |
| Ashford Hospitality Servicing LLC |
| Ashford Hospitality Trust, Inc. |
| Ashford IHC LLC |
| Ashford IHC Partners, LP |
| Ashford Investment Management GP LLC |
| Ashford Investment Management LP |
| Ashford Irvine Spectrum Foothill Ranch Limited Partnership |
| Ashford Jacksonville I LP |
| Ashford Jacksonville II LP |
| Ashford Jacksonville III GP LLC |
| Ashford Jacksonville III LP |
| Ashford Jacksonville IV GP LLC |
| Ashford Jacksonville IV LP |
| Ashford Kennesaw I LP |
| Ashford Kennesaw II LP |
| Ashford Las Vegas LP |
| Ashford Lawrenceville LP |
| Ashford Lee Vista GP LLC |
| Ashford Lee Vista Partners LP |
| Ashford LLB C-Hotel Management, LP |
| Ashford LLB SHS Management, LP |
| Ashford LLB F-Inn Management, LP |
| Ashford LMND LLC |
| Ashford Louisville LP |
| Ashford LV Hughes Center LP |
| Ashford Manhattan Beach LP |
| Ashford Market Center LP |
| Ashford Mezz Borrower LLC |
| Ashford Minneapolis Airport GP LLC |
| Ashford Minneapolis Airport LP |
| Ashford Mira Mesa San Diego Limited Partnership |
| Ashford Mobile LP |
| Ashford MV San Diego GP LLC |
| Ashford MV San Diego LP |
| Ashford Newark LP |
| Ashford Oakland LP |
| Ashford OP General Partner LLC |
| Ashford OP Limited Partner LLC |
| Ashford Orlando Sea World Limited Partnership |
| Ashford Overland Park Limited Partnership |
| Ashford PH GP LLC |
| Ashford PH Partners LP |
| Ashford Philly GP LLC |
| Ashford Philly LP |
| Ashford Phoenix Airport LP |
| Ashford Pier House GP LLC |
| Ashford Pier House LP |
| Ashford Pier House Mezz A LLC |
| Ashford Pier House Mezz B LLC |
| Ashford Plano-C LP |
| Ashford Plano-R LP |
| Ashford Plymouth Meeting LP |
| Ashford Pool I GP LLC |
| Ashford Pool II GP LLC |
| Ashford Properties General Partner LLC |
| Ashford Raleigh Limited Partnership |
| Ashford Richmond LP |
| Ashford Ruby Palm Desert I Limited Partnership |
| Ashford Salt Lake Limited Partnership |
| Ashford San Jose LP |
| Ashford Santa Clara GP LLC |
| Ashford Santa Clara Partners LP |
| Ashford Santa Fe LP |
| Ashford Sapphire I GP LLC |
| Ashford Sapphire II GP LLC |
| Ashford Sapphire V GP LLC |
| Ashford Sapphire VI GP LLC |
| Ashford Sapphire Acquisition LLC |
| Ashford Sapphire GP LLC |
| Ashford Sapphire Junior Holder I LLC |
| Ashford Sapphire Junior Holder II LLC |
| Ashford Sapphire Junior Mezz I LLC |
| Ashford Sapphire Junior Mezz II LLC |
| Ashford Sapphire Senior Mezz I LLC |
| Ashford Sapphire Senior Mezz II LLC |
| Ashford Scottsdale LP |
| Ashford Senior General Partner LLC |
| Ashford Senior General Partner I LLC |
| Ashford Senior General Partner II LLC |
| Ashford Senior General Partner III LLC |
| Ashford Senior General Partner IV LLC |
| Ashford Syracuse LP |
| Ashford Terre Haute LP |
| Ashford Tipton Lakes LP |
| Ashford Torrance LP |
| Ashford TRS V LLC |
| Ashford TRS VI Corporation |
| Ashford TRS Anaheim LLC |
| Ashford TRS Canada Corporation |
| Ashford TRS CM LLC |
| Ashford TRS Columbus LLC |
| Ashford TRS Corporation |
| Ashford TRS Crystal City LLC |
| Ashford TRS Five Junior Mezz I LLC |
| Ashford TRS Five Junior Mezz II LLC |
| Ashford TRS Five Junior Mezz III LLC |
| Ashford TRS Five Junior Mezz IV LLC |
| Ashford TRS Five Senior Mezz I LLC |
| Ashford TRS Five Senior Mezz II LLC |
| Ashford TRS Five Senior Mezz III LLC |
| Ashford TRS Five Senior Mezz IV LLC |
| Ashford TRS Investment Management GP LLC |
| Ashford TRS Investment Management LP |
| Ashford TRS Jacksonville III LLC |
| Ashford TRS Jacksonville IV LLC |
| Ashford TRS Lee Vista LLC |
| Ashford TRS Lessee LLC |
| Ashford TRS Lessee I LLC |
| Ashford TRS Lessee II LLC |
| Ashford TRS Lessee III LLC |
| Ashford TRS Lessee IV LLC |
| Ashford TRS Nickel LLC |
| Ashford TRS PH LLC |
| Ashford TRS Pier House LLC |
| Ashford TRS Pier House Mezz A LLC |
| Ashford TRS Pier House Mezz B LLC |
| Ashford TRS Pool I LLC |
| Ashford TRS Pool II LLC |
| Ashford TRS Santa Clara LLC |
| Ashford TRS Sapphire LLC |
| Ashford TRS Sapphire I LLC |
| Ashford TRS Sapphire II LLC |
| Ashford TRS Sapphire V LLC |
| Ashford TRS Sapphire VI LLC |
| Ashford TRS Sapphire GP LLC |
| Ashford TRS Sapphire Junior Holder LLC |
| Ashford TRS Sapphire Junior Mezz LLC |
| Ashford TRS Sapphire Senior Mezz LLC |
| Ashford TRS WQ LLC |
| Ashford Walnut Creek GP LLC |
| Ashford Walnut Creek LP |
| Ashford WQ Hotel GP LLC |
| Ashford WQ Hotel LP |
| Ashford WQ Licensee LLC |
| Austin Embassy Beverage, Inc. |
| Bucks County Member LLC |
| CHH Crystal City Hotel GP, LLC |
| CHH Crystal City Hotel, LP |
| CHH Lee Vista Hotel GP, LLC |
| CHH Lee Vista Hotel, LP |
| CHH Santa Clara Hotel GP, LLC |
| CHH Santa Clara Hotel, LP |
| CHH Tucson Parent, LLC |
| CHH Tucson Partnership, LP |
| CIH Galleria Parent, LLC |
| CM Hotel GP, LLC |
| CM Hotel Partners, LP |
| Commack New York Hotel Limited Partnership |
| Coral Gables Florida Hotel Limited Partnership |
| Crystal City Tenant Corp. |
| CY-CIH Manchester Parent, LLC |
| CY Manchester Hotel Partners, LP |
| CY Manchester Tenant Corporation |
| Dearborn Hotel Partners, LP |
| Dearborn Tenant Corp. |
| DLC 2 Tree Tenant Corp. |
| EC Tenant Corp. |
| FL/NY GP LLC |
| Galleria Hotel Partners, LP |
| Galleria Tenant Corporation |
| HH Annapolis Holding LLC |
| HH Annapolis LLC |
| HH Atlanta LLC |
| HH Austin Hotel Associates, L.P. |
| HH Baltimore Holdings LLC |
| HH Baltimore LLC |
| HH Chicago LLC |
| HH Churchill Hotel Associates, L.P. |
| HH Denver LLC |
| HH DFW Hotel Associates, L.P. |
| HH FP Portfolio LLC |
| HH Gaithersburg Borrower LLC |
| HH Gaithersburg LLC |
| HH LC Portfolio LLC |
| HH Melrose Hotel Associates, L.P. |
| HH Mezz Borrower A-2 LLC |
| HH Mezz Borrower A-3 LLC |
| HH Mezz Borrower A-4 LLC |
| HH Mezz Borrower C-2 LLC |
| HH Mezz Borrower C-3 LLC |
| HH Mezz Borrower C-4 LLC |
| HH Mezz Borrower D-2 LLC |
| HH Mezz Borrower D-3 LLC |
| HH Mezz Borrower D-4 LLC |
| HH Mezz Borrower F-2 LLC |
| HH Mezz Borrower F-3 LLC |
| HH Mezz Borrower F-4 LLC |
| HH Mezz Borrower G-2 LLC |
| HH Mezz Borrower G-3 LLC |
| HH Mezz Borrower G-4 LLC |
| HH Palm Springs LLC |
| HH Princeton LLC |
| HH San Antonio LLC |
| HH Savannah LLC |
| HH Swap A LLC |
| HH Swap C LLC |
| HH Swap C-1 LLC |
| HH Swap D LLC |
| HH Swap F LLC |
| HH Swap F-1 LLC |
| HH Swap G LLC |
| HH Tampa Westshore LLC |
| HH Texas Hotel Associates, L.P. |
| HHC Texas GP LLC |
| HHC TRS Atlanta LLC |
| HHC TRS Austin LLC |
| HHC TRS Baltimore LLC |
| HHC TRS Chicago LLC |
| HHC TRS FP Portfolio LLC |
| HHC TRS Highland LLC |
| HHC TRS LC Portfolio LLC |
| HHC TRS Melrose LLC |
| HHC TRS Portsmouth LLC |
| HHC TRS Princeton LLC |
| HHC TRS Savannah LLC |
| HHC TRS Tampa LLC |
| Hyannis Massachusetts Hotel Limited Partnership |
| Key West Florida Hotel Limited Partnership |
| Key West Hotel GP LLC |
| Lee Vista Tenant Corp. |
| Minnetonka Hotel GP LLC |
| Minnetonka Minnesota Hotel Limited Partnership |
| New Beverly Hills GP LLC |
| New Beverly Hills Hotel Limited Partnership |
| New Clear Lake GP LLC |
| New Clear Lake Hotel Limited Partnership |
| New Fort Tower I GP LLC |
| New Fort Tower I Hotel Limited Partnership |
| New Houston GP LLC |
| New Houston Hotel Limited Partnership |
| New Indianapolis Downtown GP LLC |
| New Indianapolis Downtown Hotel Limited Partnership |
| Non-REIT GP LLC |
| Palm Beach Florida Hotel and Office Building Limited Partnership |
| Palm Beach GP LLC |
| PH Hotel GP, LLC |
| PH Hotel Partners, LP |
| PIM Ashford Mezz 4 LLC |
| PIM Ashford Subsidiary I, LLC |
| PIM Ashford Venture I, LLC |
| PIM Boston Back Bay LLC |
| PIM Nashville LLC |
| PIM Highland Holding LLC |
| PIM Highland TRS Corporation |
| PIM TRS Boston Back Bay LLC |
| PIM TRS Nashville LLC |
| Portsmouth Hotel Associates LLC |
| REDUS SH ND, LLC |
| RFS SPE 2000 LLC |
| RI-CIH Manchester Parent, LLC |
| RI Manchester Hotel Partners, LP |
| RI Manchester Tenant Corporation |
| Rye Town Tenant Corp. |
| Santa Clara Tenant Corp. |
| South Yarmouth Massachusetts Hotel Limited Partnership |
| St. Petersburg Florida Hotel Limited Partnership |
| St. Petersburg GP LLC |
| Westbury New York Hotel Limited Partnership |