AHT suspends preferred dividends, defaults on $325M loan, records $113M impairment

Filed May 14, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 14, 2025 · ~1 min read

Key Changes

• high

  Company defaulted on $325M JPM8 mortgage (8 hotels) in February 2026 after missing payments; lender accelerated full balance and demanded immediate repayment. No cross-defaults triggered on other loans.

  MD&A: JPM8 Loan Default verify on EDGAR →
• high

  Suspended all preferred dividends in January 2026 to preserve liquidity while evaluating strategic alternatives. Previously declared dividends remain unpaid but continue accruing. Lost eligibility to use $500M shelf registration as result.

  MD&A: Dividend Suspension verify on EDGAR →
• high

  Recorded $112.6M impairment charges on nine properties (vs. $0 prior year) due to shortened expected holding periods, signaling accelerated disposition plans.

  MD&A: Impairment Charges verify on EDGAR →