| | ASHFORD HOSPITALITY TRUST, INC. (NYSE - AHT) | |
| Cantor Fitzgerald | Robert LaFleur |
| Craig-Hallum Capital Group LLC | Bryan Maher |
| Credit Suisse Securities | Joel Simkins |
| MLV & Co. | Ryan Meliker |
| FBR Capital Markets and Co. | Nikhil Bhalla |
| JMP Securities LLC | William C. Marks |
| KeyBanc Capital Markets Inc. | Jordan Sadler |
| Robert W. Baird & Co. | David Loeb |
| Stifel Nicolaus | Rod Petrik |
| Suntrust Robinson Humphrey | C. Patrick Scholes |
| UBS | Robin Farley |
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