SEC Comment Letter for ASHFORD HOSPITALITY TRUST INC (AHT, AHT-PD, AHT-PF, AHT-PG, AHT-PH, AHT-PI) (CIK 0001232582) (AHT) — Jun 13, 2016
ASHFORD HOSPITALITY TRUST INC (AHT, AHT-PD, AHT-PF, AHT-PG, AHT-PH, AHT-PI) (CIK 0001232582)
Date: June 13, 2016 · CIK: 0001232582 · Accession: 0000000000-16-080312
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File numbers found in text: 333-211837
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Mail Stop 3233 June 13, 2016 Via E -mail David A. Brooks Chief Operating Officer Ashford Hospitality Trust, Inc. 14185 Dallas Parkway, Suite 1100 Dallas, Texas 75254 Re: Ashford Hospitality Trust , Inc. Registration Statement on Form S-3 Filed June 3, 2016 File No. 333-211837 Dear Mr. Brooks : We have limited our review of your registration statement to those issues w e have addressed in our comment . In our comment , we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information . If you do not believe our com ment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this comment , we may have additional comments. Exhibit Index 1. We note that your footnote disclosure to the exhibit index indicates that the Form of Indenture and the Form T -1 Statement of Eligibility will be incorporated by reference. Please file the Trust Indenture or “Form of Indenture” prior to eff ectiveness in accordance with the requirements of Item 601(b)(4) of Regulation S -K. Please also revise the exhibit list to clarify that you will file the Statement of Eligibility of the Trustee in accordance with the requirements of Item 601(b)(25) of Regu lation S -K. If you intend to designate the trustee on a delayed basis, please be aware that companies relying on Section 305(b)(2) must separately file the Form T -1 under the electronic form type “305B2” after effectiveness and not in a post -effective ame ndment or in a Form 8 -K. For additional guidance, please refer to sections 201.04 and 220.01 of our Trust Indenture Act Compliance and Disclosure Interpretations and revise your exhibit index accordingly. David A. Brooks Ashford Hospitality Trust, Inc. June 13, 2016 Page 2 We urge all persons who are responsible for the accuracy and adequacy of the disclosure in the filing to be certain that the filing includes the information the Securities Act of 193 3 and all applicable Securities Act rules require. Since the company and its management are in possession of all facts relating to a company’s disclosure, they are responsible for the accuracy and adequacy of the disclosures they have made. Notwithstanding our comments, in the event you request accelera tion of the effective date of the pending registration statement , please provide a written statement from the company acknowledging that: should the Commission or the staff, acting pursuant to delegated authority, declare the filing effective, it does not foreclose the Commission from taking any action with respect to the filing; the action of the Commission or the staff, acting pursuant to delegated authority, in declaring the filing effective, does not relieve the company from its full responsibility f or the adequacy and accuracy of the disclosure in the filing; and the company may not assert staff comments and the declaration of effectiveness as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. Please refer to Rules 460 and 461 regarding reques ts for acceleration . We will consider a written request for acceleration of the effective date of the registration statement as confirmation of the fact that those requesting acceleration are aware of their respective responsibilities under the Securities Act of 1933 and the Securities Exchange Act of 1934 as they relate to the proposed public offering of the securities specified in the above registration statement. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement. You may contact Nicole Collings, Staff Attorney, at (202) 551 -6431 or me a t (202) 551 - 3758 with any other questions. Sincerely, /s/ Sandra B. Hunter Sandra B. Hunter Staff Attorney Office of Real Estate and Commodities cc: George Vlahakos