Looks like they raised the offer. Still not acceptable and Preferred holders are in control IMO. They need 66 2/3% approval for deal to pass
each of the Exchange Offers will expire at 5:00 p.m., New York City time, on October 9, 2020, unless extended or terminated by the Company
Common shares -14% and preferred only +2% . .Going to need another reverse split, raise the offer and also turn in the 'keys' on more marginal properties. I would also expect more property sales, pay down debt and increase AFFO.
Management trying to screw the shareholders as well as preferred owners.
Still think AHT survives when COVAD event ends unless they get bought out. Do not think BK is in the cards (yet).
EKS