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Ashford’s Revenues Down, but Trend Positive

DALLAS-The hospitality REIT said in its Q1 conference call Thursday that it saw RevPAR improve from down 11% in January to up 3% in March.

By Robert Carr | Updated on May 07, 2010

DALLAS-Though total revenues and RevPAR decreased during the first quarter 2010, officials at locally-based Ashford Hospitality Trust Inc. said during an earnings conference call Thursday that they saw a steady increase in room rates from month-to-month during Q1. The self-administered real estate investment trust’s assets include 102 hotels.

The trust reported total revenue decreased by 7.6% for the first quarter to $217 million, from $234.9 million in Q4 2009. Also, revenue per available room decreased 4.1% in Q1.

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