Exhibit 99.2

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13D (including additional amendments thereto) with respect to the Common Stock, par value $0.01 per share, of Ashford Hospitality Trust, Inc., a Maryland corporation. This Joint Filing Agreement shall be filed as an Exhibit to such Statement.

Dated: September 18, 2020

Cygnus Opportunity Fund, LLC
By:	Cygnus General Partners, LLC, its general partner
By:	Cygnus Capital, Inc., its managing member
	/s/ Christopher Swann
	Name:	Christopher Swann
	Title:	President and CEO

Cygnus Property Fund IV, LLC
By:	Cygnus Capital Real Estate Advisors II, LLC, its general partner
By:	Cygnus Capital, Inc., its managing member
	/s/ Christopher Swann
	Name:	Christopher Swann
	Title:	President and CEO

Cygnus Property Fund V, LLC
By:	Cygnus Capital Real Estate Advisors II, LLC, its general partner
By:	Cygnus Capital, Inc., its managing member
	/s/ Christopher Swann
	Name:	Christopher Swann
	Title:	President and CEO

Cygnus Capital Advisers, LLC
By:	Cygnus Capital, Inc., its managing member
	/s/ Christopher Swann
	Name:	Christopher Swann
	Title:	President and CEO

Cygnus General Partners, LLC
By:	Cygnus Capital, Inc., its managing member
	/s/ Christopher Swann
	Name:	Christopher Swann
	Title:	President and CEO

Cygnus Capital Real Estate Advisors II, LLC
By:	Cygnus Capital, Inc., its managing member
	/s/ Christopher Swann
	Name:	Christopher Swann
	Title:	President and CEO

Cygnus Capital, Inc.
/s/ Christopher Swann
Name:	Christopher Swann
Title:	President and CEO

/s/ Christopher Swann

Christopher Swann