SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 -------------------------------------------------------------------------------- FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): December 24, 2003 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) MARYLAND 001-31775 86-1062192 (State of Incorporation) (Commission File Number) (I.R.S. Employer Identification Number) 14180 Dallas Parkway, 9th Floor Dallas, Texas 75254 (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code: (972) 490-9600 ITEM 9. REGULATION FD DISCLOSURE On December 29, 2003, Ashford Hospitality Trust, Inc. (the "Company") issued a press release announcing that it closed on a $36 million non-recourse loan secured by five of its hotel properties. A copy of the press release is attached hereto as Exhibit 99.8 and is incorporated herein by reference. Exhibits 99.8 Press Release of the Company dated December 29, 2003, announcing that the Company closed on a $36 million non-recourse loan. SIGNATURE Pursuant to the requirements of Section 12 of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: December 30, 2003 ASHFORD HOSPITALITY TRUST, INC. By: /s/ DAVID A. BROOKS --------------------------------- David A. Brooks Chief Legal Officer