By Stephen Nakrosis

Ashford Hospitality Trust said its board has formed a special committee to evaluate strategic alternatives, which may include a potential transaction.

Stephen Zsigray, president and chief executive officer, said the real estate investment trust is frustrated by the discrepancy between the value of its underlying portfolio and the market value of its common stock. Year to date, the stock is down 56%, and earlier this month touched an all-time low of $2.89.

The committee has been tasked with evaluating strategic alternatives to maximize shareholder value, and to bridge the gap between portfolio value and its share price, the company said.

Along with forming the special committee, Ashford said it was terminating the current offering of its Series L and M Non-Traded Preferred Stock, as well as suspending redemptions for all of its outstanding non-traded preferred stock.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

December 09, 2025 16:55 ET (21:55 GMT)

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