ITEM 7.01 REGULATION FD DISCLOSURE
On December 17, 2012, Ashford Hospitality Trust, Inc. (the "Company") issued a press release announcing that its Board of Directors:

a) declared a common stock dividend for the fourth quarter ending December 31, 2012, of $0.11 per diluted share, payable January 15, 2013, for shareholders of record on December 31, 2012.

b) declared a dividend for the the fourth quarter ending December 31, 2012, of $0.5344 per diluted share, for the Company's 8.55% Series A Cumulative Preferred Stock. This dividend is payable January 15, 2013, for shareholders of record on December 31, 2012.

c) declared a dividend for the the fourth quarter ending December 31, 2012, of $0.5281 per diluted share, for the Company's 8.45% Series D Cumulative Preferred Stock. This dividend is payable January 15, 2013, for shareholders of record on December 31, 2012.

d) declared a dividend for the fourth quarter ending December 31, 2012, of $0.5625 per diluted share, for the Company's 9.00% Series E Cumulative Preferred Stock. This dividend is payable January 15, 2013, for shareholders of record on December 31, 2012.

e) approved the Company's dividend policy for 2013. The Company expects to pay a quarterly cash dividend of $0.12 per share in 2013, but will continue to review its dividend policy on a quarter-to-quarter basis.

A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

Exhibit
Number

99.1 Press Release of the Company, dated December 17, 2012, furnished under Item 7.01, announcing the declaration of dividends.

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