By Kristen A. Lee Associated Press NEW YORK — As the term "staycation" gained traction in the American lexicon, hotel stocks plunged in 2008 as both consumers and businesses cut back on travel spending. The outlook for major...
What happened? Just when you though it was safe to venture out, the REIT sector got hammered again, with many shares down 10% or more on Monday. Much of the reason for that related to the latest round of dividend cuts, this...
Hotel real-estate investment trust Ashford Hospitality Trust Inc. said it will cut jobs, freeze its payroll and reduce benefits while suspending its common-stock dividend as it looks to boost its liquidity and cut costs. The...
the "Credit Agreement"). . _ The dividend payable to holders of the Company's common stock was suspended through 2009, other than with respect to dividends required to be paid to maintain the Company's REIT status. In addition...
DALLAS----Ashford Hospitality Trust, Inc. today provided an update on its strong liquidity position and announced a series of actions to manage the sources and uses of the Company’s funds to conservatively navigate through...
StreetInsider.com Unusual 11 Mid-Day Movers: Allied Capital Corporation (NYSE: ALD) 44% HIGHER; Possible short covering. The company's $0.65/share dividend was payable today. Jones Apparel Group, Inc. (NYSE: JNY) 35% HIGHER;...
9:57AM Action Products comments on recent share price volatility 0.61 -0.04 : Co reported that management does not know of any reason, from the company's operations or ongoing business activity, relating to a recent decline in...
Dec 26 (Reuters) - Ashford Hospitality Trust Inc: * Enhances liquidity position through strategic transactions * Says currently has approximately $200 million of unrestricted cash on hand * Says negotiated an amendment with the...