Ashford
Hospitality Trust, Inc. (NYSE:AHT) today announced that the Company and
the special servicer who is administering the $29.1 million first
mortgage on the Company's Hyatt Regency Dearborn have mutually agreed
to transfer the Company's possession and control of the hotel to a
court-appointed receiver, effective December 3, 2009.
The Company has been fully cooperating with the servicer for a
consensual foreclosure or deed in lieu of foreclosure since June 2009.

As a result of the transfer, the Company deconsolidated the hotel from
its financial reporting, including the $28.9 million hotel asset
(previously impaired by $10.9 million in the second quarter of 2009)
and the hotel's $29.1 million mortgage indebtedness, and will recognize
a gain on the extinguishment of debt. Additionally, the Company will
reclassify the hotel's results of operations through the effective date
of the transfer to discontinued operations on its statement of
operations.

The transfer also eliminates the remaining 2010 debt maturity for the
Company, leaving the Company with no debt maturities in 2010 and $229.0
million maturing in 2011. The Company's average current interest rate
on its total indebtedness is 3.62%. As of September 30, 2009 the
Company had $197.9 million of unrestricted cash available.

Ashford Hospitality Trust is a self-administered real estate investment
trust focused on investing in the hospitality industry across all
segments and at all levels of the capital structure, including direct
hotel investments, second mortgages, mezzanine loans and sale-leaseback
transactions.