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  Ashford Hospitality Trust is running on fumes, the real estate investment trust disclosed Monday. The Dallas-based owner of upscale lodging assets, one of the nation’s largest REITs specializing in hotels, said it might be forced to seek bankruptcy protection early next year unless it gets new financing. Ashford is seeking approximately $200 million initially and is prepared to hand over 20 percent of company equity to secure the debt, according to paperwork it filed with the Securities and Exchange Commission. The company said it was “engaged in a process regarding a potential financing” but did not specify what entity might issue it.

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