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Hotel REIT Approves 1-for-10 Reverse Stock Split

Ashford Hospitality Trust Takes Action to Pull Stock Price Above $1 per Share
The Renaissance Palm Springs in Palm Springs, California is one of 117 hotel properties Ashford owns. (CoStar)
The Renaissance Palm Springs in Palm Springs, California is one of 117 hotel properties Ashford owns. (CoStar)
By Madison Cromwell
CoStar Research
July 14, 2020 | 9:54 P.M.

The board of Ashford Hospitality Trust, a real estate investment trust based in Dallas, Texas that owns 117 hotels across the country, unanimously approved a 1-for-10 reverse split for the REIT’s common stock.

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