Ashford hospitality trust posts quarterly adjusted ffo loss per share of$0.12

Quarterly adjusted ffo loss per share $0.12.reduced its planned spend for capital expenditures for year from a range of $125-$145 million to a range of $30-$50 million.has suspended its common dividend conserving approximately $7 million per calendar quarter.estimates that its current monthly cash burn at its hotels is approximately $20 million per month.ended quarter with cash and cash equivalents of $240 million and restricted cash of $127 million.ashford hospitality trust - cut operating costs at its hotels ultimately resulting in an approximate 90% reduction in property-level staffing.
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