NexPoint Hospitality Trust Announces Chief Financial Officer Transition

/NOT FOR DISSEMINATION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

DALLAS and TORONTO, Nov. 14, 2024 /CNW/ - NexPoint Hospitality Trust ("NHT"¹), (TSXV: NHT.U) announced today the resignation of Brian Mitts as Chief Financial Officer & Corporate Secretary, effective December 31, 2024 at 11:59 pm (ET). In connection with Mr. Mitts' resignation, the board of trustees of the REIT appointed Paul Richards, who currently serves as NHT's Vice President, Asset Management, as Chief Financial Officer & Corporate Secretary, effective January 1, 2025 at 12:00 am (ET). Mr. Richards is a certified public accountant in the State of Texas and received an MS in Finance and a BS in Accounting from Texas A&M University.

About NHT

NexPoint Hospitality Trust is a publicly traded real estate investment trust, with its Units listed on the TSX Venture Exchange under the ticker NHT.U. NHT is focused on acquiring, owning and operating well-located real estate assets including, but not limited to, investments in life science and semiconductor manufacturing properties, but mainly focusing on hospitality properties in the United States that offer a high current yield and in many cases are underperforming assets with the potential to increase in value through investments in capital improvements, a market-based recovery, brand repositioning, revenue enhancements, operational improvements, expense inefficiencies, and exploiting excess land or underutilized space. NHT owns 7 branded properties sponsored by Marriott, Hilton and Hyatt, located across the U.S. NHT is externally advised by NexPoint Real Estate Advisors VI, L.P.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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¹ In this release, "we," "us," "our," and "NHT," each refer to NexPoint Hospitality Trust.

SOURCE NexPoint Hospitality Trust

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