Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
SECURITY CAPITAL PREFERRED GROWTH INC
   2. Issuer Name and Ticker or Trading Symbol
ASHFORD HOSPITALITY TRUST INC [AHT] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
CHASE TOWER, 10 S. DEARBORN ST., SUITE 1400		 3. Date of Earliest Transaction (Month/Day/Year)
10/16/2010
(Street)

CHICAGO, IL 60603		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 10/16/2010   C   100,000 (2) A $ 10.07 100,000 D  
Common Stock 11/04/2010   S   53,200 D $ 10.68 46,800 D  
Common Stock 11/05/2010   S   46,800 D $ 10.64 0 D  
Common Stock 11/05/2010   C   100,000 (2) A $ 10.07 100,000 D  
Common Stock 11/08/2010   S   16,767 D $ 10.3 83,233 D  
Common Stock 12/02/2010   S   33,260 D $ 10.13 49,973 D  
Common Stock 12/03/2010   S   49,973 D $ 10.13 0 D  
Common Stock 12/08/2010   S   49,000 D $ 10.22 0 D  
Common Stock 12/09/2010   S   3,500 D $ 10.18 0 D  
Common Stock 12/10/2010   S   28,500 D $ 10.25 0 D  
Common Stock 12/13/2010   S   44,100 D $ 10.21 0 D  
Common Stock 12/14/2010   P   125,100 A $ 9.51 0 D  
Common Stock 02/02/2011   S   3,100 D $ 10.23 0 D  
Common Stock 02/03/2011   S   54,000 D $ 10.26 0 D  
Common Stock 02/04/2011   S   136,000 D $ 10.28 0 D  
Common Stock 02/07/2011   S   175,000 D $ 10.49 0 D  
Common Stock 02/08/2011   S   131,900 D $ 10.4 0 D  
Common Stock 02/09/2011   S   7,400 D $ 10.49 0 D  
Common Stock 02/10/2011   S   2,500 D $ 10.49 0 D  
Common Stock 02/11/2011   S   426,100 D $ 10.47 0 D  
Common Stock 02/14/2011   S   64,000 D $ 10.48 0 D  
Common Stock 02/15/2011   S   70,000 D $ 10.37 0 D  
Common Stock 02/16/2011   S   169,500 D $ 10.35 0 D  
Common Stock 02/17/2011   S   105,000 D $ 10.37 0 D  
Common Stock 02/18/2011   S   25,400 D $ 10.37 0 D  
Common Stock 02/25/2011   S   175,000 D $ 10.91 0 D  
Common Stock 02/28/2011   S   14,800 D $ 11 0 D  
Common Stock 03/07/2011   P   36,500 A $ 9.82 0 D  
Common Stock 03/08/2011   P   600 A $ 9.78 0 D  
Common Stock 03/22/2011   S   68,000 D $ 10.82 0 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series B-1 Cumulative Convertible Redeemable Preferred Stock $ 10.07 10/16/2010   C     100,000   (1)   (1) Common Stock 100,000 $ 10.07 7,347,865 D  
Series B-1 Cumulative Convertible Redeemable Preferred Stock $ 10.07 11/05/2010   C     100,000   (1)   (1) Common Stock 100,000 $ 10.07 7,247,865 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SECURITY CAPITAL PREFERRED GROWTH INC
CHASE TOWER
10 S. DEARBORN ST., SUITE 1400
CHICAGO, IL 60603		     X    

Signatures

 Genine M. Dawczak   04/18/2011
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Securities are currently convertible on a one-for-one basis into shares of common stock of the issuer. There is no expiration date.
(2) Common stock shares were received upon conversion of Series B-1 convertible preferred stock.
 
Remarks:
Certain transactions of AHT common stock by the reporting person reported herein were matchable under Section 16(b) of the Securities Exchange Act of 1934.  The reporting person has paid to AHT $217,003, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.

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