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Ashford Hospitality Trust Reports Second Quarter Results

DALLAS, Aug. 2 /PRNewswire-FirstCall/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT - News) today reported the following results and performance measures for the second quarter ended June 30, 2006. The proforma performance measurements for Occupancy, ADR, RevPAR, and Hotel Operating Profit include the Company's 72 core hotels. Unless otherwise stated, all reported results compare the second quarter ended June 30, 2006, to the second quarter ended June 30, 2005. The reconciliation of non-GAAP financial measures is included in the financial tables accompanying this press release.

As of June 30, 2006, the Company had a portfolio of direct hotel investments consisting of 72 properties, all of which were classified in continuing operations. During the second quarter, 67 of the hotels included in continuing operations were not under renovation.

Purchasing Property With No Money Down: My Personal Experience ...

Have you ever seen those infomercials about buying houses with No Money Down? They are really well done. They have all kinds of people offering great testimonials about how they have gotten rich, buying rental properties, with absolutely no money out of their pocket. You see this guy, standing on a street corner, talking to someone, and he says, I own that one, pointing to a beautiful colonial. I also own that one next to it, and the one two doors down, and Ill be closing on the one directly across the street from it, next week. He then assures us that he has purchased 17 homes in the last eight or ten months, with zero money down on the properties. Plus, in many cases hes also paid no closing costs.

Using your equity is a good idea

I was working with a good income, but in 1996 I was injured and eventually went on permanent disability. When I got my final settlement and permanent disability income started coming in, I made settlements with my creditors. I now have one credit card that I have paid down to a $6,000 balance, two checking accounts and a guaranteed income totaling approximately $4,200. I need to put siding on my home. I asked the bank that has my home equity loan to increase it by $13,000 so I can pay for the siding. The bank put the interest rate on my credit card at 26 percent because they didn't like my cash to debt ratio even though I've never been late on a payment to them.

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