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Ashford Hospitality Considering Reverse Stock Split to Remain Listed on NYSE

Hotel REIT Names New CEO, Pledges to Return Federal Aid
The SpringHill Suites Manhattan Beach in Los Angeles County is owned by Ashford and located in one of the COVID-19 hotspots. (CoSar)<br/>
The SpringHill Suites Manhattan Beach in Los Angeles County is owned by Ashford and located in one of the COVID-19 hotspots. (CoSar)
By Madison Cromwell
CoStar Research
May 4, 2020 | 4:14 P.M.

Due to the rocky state of the economy and stock market, many companies in the hospitality sector have suffered severe financial hardship. But hotel real estate investment trust Ashford Hospitality Trust appears to have been hit especially hard.

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