Ashford Hospitality Trust, Inc. (NYSE:AHT) is seeking acquisitions. Ashford commenced a follow-on public offering of 9.5 million shares of common stock and intends to use the net proceeds of the offering to fund a portion of the cost of its acquisitions of the Memphis Marriott East hotel, the Lakeway Resort & Spa and its joint venture partner's interest in PIM Highland JV and, any remaining funds, for general corporate purposes, hotel-related investments, capital expenditures, working capital, and repayment of debt or other obligations.