    <SEC-DOCUMENT>0001213900-24-039881-index.html : 20240506
    <SEC-HEADER>0001213900-24-039881.hdr.sgml : 20240506
    <ACCEPTANCE-DATETIME>20240506060414
    ACCESSION NUMBER:		0001213900-24-039881
    CONFORMED SUBMISSION TYPE:	DFAN14A
    PUBLIC DOCUMENT COUNT:		15
    FILED AS OF DATE:		20240506
    DATE AS OF CHANGE:		20240506

    SUBJECT COMPANY:

    	COMPANY DATA:
    		COMPANY CONFORMED NAME:			ASHFORD HOSPITALITY TRUST INC
    		CENTRAL INDEX KEY:			0001232582
    		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
    		ORGANIZATION NAME:           	05 Real Estate & Construction
    		IRS NUMBER:				861062192
    		STATE OF INCORPORATION:			MD
    		FISCAL YEAR END:			1231

    	FILING VALUES:
    		FORM TYPE:		DFAN14A
    		SEC ACT:		1934 Act
    		SEC FILE NUMBER:	001-31775
    		FILM NUMBER:		24915400

    	BUSINESS ADDRESS:
    		STREET 1:		14185 DALLAS PARKWAY SUITE 1100
    		CITY:			DALLAS
    		STATE:			TX
    		ZIP:			75254
    		BUSINESS PHONE:		9724909600

    	MAIL ADDRESS:
    		STREET 1:		14185 DALLAS PARKWAY SUITE 1100
    		CITY:			DALLAS
    		STATE:			TX
    		ZIP:			75254

    FILED BY:

    	COMPANY DATA:
    		COMPANY CONFORMED NAME:			Blackwells Capital LLC
    		CENTRAL INDEX KEY:			0001720183
    		ORGANIZATION NAME:
    		IRS NUMBER:				815196117
    		STATE OF INCORPORATION:			DE
    		FISCAL YEAR END:			1231

    	FILING VALUES:
    		FORM TYPE:		DFAN14A

    	BUSINESS ADDRESS:
    		STREET 1:		800 THIRD AVENUE
    		STREET 2:		39TH FLOOR
    		CITY:			NEW YORK
    		STATE:			NY
    		ZIP:			10022
    		BUSINESS PHONE:		212-792-6096

    	MAIL ADDRESS:
    		STREET 1:		800 THIRD AVENUE
    		STREET 2:		39TH FLOOR
    		CITY:			NEW YORK
    		STATE:			NY
    		ZIP:			10022
    </SEC-HEADER>
    <DOCUMENT>
    <TYPE>DFAN14A
    <SEQUENCE>1
    <FILENAME>ea0205260-dfan14a_blackwells.htm
    <DESCRIPTION>DEFINITIVE PROXY STATEMENT
    <TEXT>
    Document 1 - file: ea0205260-dfan14a_blackwells.htm

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>2
    <FILENAME>ex1_001.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 2 - file: ex1_001.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>3
    <FILENAME>ex1_002.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 3 - file: ex1_002.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>4
    <FILENAME>ex1_003.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 4 - file: ex1_003.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>5
    <FILENAME>ex1_004.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 5 - file: ex1_004.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>6
    <FILENAME>ex1_005.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 6 - file: ex1_005.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>7
    <FILENAME>ex1_006.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 7 - file: ex1_006.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>8
    <FILENAME>ex1_007.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 8 - file: ex1_007.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>9
    <FILENAME>ex1_008.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 9 - file: ex1_008.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>10
    <FILENAME>ex1_009.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 10 - file: ex1_009.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>11
    <FILENAME>ex1_010.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 11 - file: ex1_010.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>12
    <FILENAME>ex1_011.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 12 - file: ex1_011.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>13
    <FILENAME>ex1_012.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 13 - file: ex1_012.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>14
    <FILENAME>ex2_001.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 14 - file: ex2_001.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>15
    <FILENAME>ex2_002.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 15 - file: ex2_002.jpg

    </DOCUMENT>
    </SEC-DOCUMENT>