AHT 2014 10-K - EX 21.1

EXHIBIT 21.1

SUBSIDIARIES LISTING AS OF DECEMBER 31, 2014

All the subsidiaries listed below are incorporated in Delaware except that Ashford Hospitality Trust, Inc. is incorporated in Maryland

AH Tenant Corporation

APHM – ND, L.P.

APHM North Dallas – GP, LLC

Ashford 1031 GP LLC

Annapolis Hotel GP LLC

Annapolis Maryland Hotel Limited Partnership

Ashford Alpharetta Limited Partnership

Ashford Anchorage GP LLC

Ashford Anchorage LP

Ashford Ashton GP LLC

Ashford Ashton LP

Ashford Atlanta Buckhead LP

Ashford Atlantic Beach LP

Ashford Austin LP

Ashford Basking Ridge LP

Ashford Birmingham LP

Ashford Bloomington LP

Ashford Bridgewater Hotel Partnership, LP

Ashford Bucks County LLC

Ashford Buena Vista LP

Ashford Buford I LP

Ashford Buford II LP

Ashford BWI Airport LP

Ashford Canada Trust

Ashford Capital Advisors LLC

Ashford Centerville Limited Partnership

Ashford Charlotte Limited Partnership

Ashford CM GP LLC

Ashford CM Partners LP

Ashford Columbus GP LLC

Ashford Columbus LP

Ashford Coral Gables LP

Ashford Credit Holding LLC

Ashford Crystal City Limited Partnership

Ashford Crystal City GP LLC

Ashford Crystal City Partners LP

Ashford Crystal Gateway GP LLC

Ashford Crystal Gateway LP

Ashford Curtis GP LLC

Ashford Curtis LP

Ashford Dallas LP

Ashford Dearborn GP LLC

Ashford Dulles LP

Ashford Durham I LLC

Ashford Durham II LLC

Ashford Edison LP

Ashford Eight General Partner LLC

Ashford Evansville I LP

Ashford Evansville III LP

Ashford Falls Church Limited Partnership

Ashford Five Junior Holder LLC

Ashford Five Junior Mezz LLC

Ashford Five Senior Mezz LLC

Ashford Flagstaff LP

Ashford Fremont GP LLC

Ashford Fremont LP

Ashford Fremont Senior Mezz LLC

Ashford Ft. Lauderdale Weston I LLC

Ashford Ft. Lauderdale Weston II LLC

Ashford Ft. Lauderdale Weston III LLC

Ashford Gaithersburg Limited Partnership

Ashford Gateway TRS Corporation

Ashford GCH Beverage, Inc.

Ashford Hawthorne LP

Ashford HHC LLC

Ashford HHC II LLC

Ashford HHC Partners LP

Ashford HHC Partners II LP

Ashford HI Beverage, Inc.

Ashford Hospitality Finance General Partner LLC

Ashford Hospitality Finance LP

Ashford Hospitality Limited Partnership

Ashford Hospitality Servicing LLC

Ashford IHC LLC

Ashford IHC Partners, LP

AHT SMA GP, LLC

AHT SMA, LP

Ashford Irvine Spectrum Foothill Ranch Limited Partnership

Ashford Jacksonville I LP

Ashford Jacksonville II LP

Ashford Jacksonville III GP LLC

Ashford Jacksonville III LP

Ashford Jacksonville IV GP LLC

Ashford Jacksonville IV LP

Ashford Kennesaw I LP

Ashford Kennesaw II LP

Ashford Lakeway GP LLC

Ashford Lakeway LP

Ashford Las Vegas LP

Ashford Lawrenceville LP

Ashford Lee Vista GP LLC

Ashford Lee Vista Partners LP

Ashford LLB C-Hotel Management, LP

Ashford LLB SHS Management, LP

Ashford LLB F-Inn Management, LP

Ashford LMND LLC

Ashford Louisville LP

Ashford LV Hughes Center LP

Ashford Manhattan Beach LP

Ashford Market Center LP

Ashford Memphis GP LLC

Ashford Memphis LP

Ashford Mezz Borrower LLC

Ashford Minneapolis Airport GP LLC

Ashford Minneapolis Airport LP

Ashford Mira Mesa San Diego Limited Partnership

Ashford Mobile LP

Ashford MV San Diego GP LLC

Ashford MV San Diego LP

Ashford Newark LP

Ashford Nickel Junior Mezz LLC

Ashford Nickel Senior Mezz LLC

Ashford Oakland LP

Ashford OP General Partner LLC

Ashford OP Limited Partner LLC

Ashford Orlando Sea World Limited Partnership

Ashford Overland Park Limited Partnership

Ashford PH GP LLC

Ashford PH Partners LP

Ashford Philly GP LLC

Ashford Philly LP

Ashford Phoenix Airport LP

Ashford Plano-C LP

Ashford Plano-R LP

Ashford Plymouth Meeting LP

Ashford Pool I GP LLC

Ashford Pool II GP LLC

Ashford Pool A GP LLC

Ashford Pool A Junior Holder LLC

Ashford Pool A Junior Mezz LLC

Ashford Pool A Senior Mezz LLC

Ashford Pool B GP LLC

Ashford Pool B Junior Holder LLC

Ashford Pool B Junior Mezz LLC

Ashford Pool B Senior Mezz LLC

Ashford Pool C1 GP LLC

Ashford Pool C1 Junior Holder LLC

Ashford Pool C1 Junior Mezz LLC

Ashford Pool C1 Senior Mezz LLC

Ashford Pool C2 GP LLC

Ashford Pool C2 Junior Holder LLC

Ashford Pool C2 Junior Mezz LLC

Ashford Pool C2 Senior Mezz LLC

Ashford Pool C3 GP LLC

Ashford Pool C3 Junior Holder LLC

Ashford Pool C3 Junior Mezz LLC

Ashford Pool C3 Senior Mezz LLC

Ashford Properties General Partner LLC

Ashford Raleigh Limited Partnership

Ashford Richmond LP

Ashford Ruby Palm Desert I Limited Partnership

Ashford Salt Lake Limited Partnership

Ashford San Jose LP

Ashford Santa Clara GP LLC

Ashford Santa Clara Partners LP

Ashford Santa Fe LP

Ashford Sapphire I GP LLC

Ashford Sapphire II GP LLC

Ashford Sapphire V GP LLC

Ashford Sapphire VI GP LLC

Ashford Sapphire Acquisition LLC

Ashford Sapphire GP LLC

Ashford Sapphire Junior Holder I LLC

Ashford Sapphire Junior Holder II LLC

Ashford Sapphire Junior Mezz I LLC

Ashford Sapphire Junior Mezz II LLC

Ashford Sapphire Senior Mezz I LLC

Ashford Sapphire Senior Mezz II LLC

Ashford Scottsdale LP

Ashford Senior General Partner LLC

Ashford Senior General Partner I LLC

Ashford Senior General Partner II LLC

Ashford Senior General Partner III LLC

Ashford Senior General Partner IV LLC

Ashford Seven General Partner LLC

Ashford Six General Partner LLC

Ashford Syracuse LP

Ashford Terre Haute LP

Ashford Tipton Lakes LP

Ashford Torrance LP

Ashford TRS V LLC

Ashford TRS VI Corporation

Ashford TRS Anaheim LLC

Ashford TRS Ashton Holder LLC

Ashford TRS Ashton LLC

Ashford TRS Canada Corporation

Ashford TRS CM LLC

Ashford TRS Columbus LLC

Ashford TRS Corporation

Ashford TRS Crystal City LLC

Ashford TRS Curtis LLC

Ashford TRS Eight LLC

Ashford TRS Five Junior Holder I LLC

Ashford TRS Five Junior Holder II LLC

Ashford TRS Five Junior Holder III LLC

Ashford TRS Five Junior Holder IV LLC

Ashford TRS Five Junior Holder V LLC

Ashford TRS Five Junior Mezz I LLC

Ashford TRS Five Junior Mezz II LLC

Ashford TRS Five Junior Mezz III LLC

Ashford TRS Five Junior Mezz IV LLC

Ashford TRS Five Junior Mezz V LLC

Ashford TRS Five LLC

Ashford TRS Five Senior Mezz I LLC

Ashford TRS Five Senior Mezz II LLC

Ashford TRS Five Senior Mezz III LLC

Ashford TRS Five Senior Mezz IV LLC

Ashford TRS Five Senior Mezz V LLC

Ashford TRS Fremont LLC

Ashford TRS Fremont Senior Mezz LLC

Ashford TRS Investment Management GP LLC

Ashford TRS Investment Management LP

Ashford TRS Jacksonville III LLC

Ashford TRS Jacksonville IV LLC

Ashford TRS Lakeway Holding LLC

Ashford TRS Lakeway LLC

Ashford TRS Lee Vista LLC

Ashford TRS Lessee LLC

Ashford TRS Lessee I LLC

Ashford TRS Lessee II LLC

Ashford TRS Lessee III LLC

Ashford TRS Lessee IV LLC

Ashford TRS Memphis LLC

Ashford TRS Nickel Junior Mezz LLC

Ashford TRS Nickel LLC

Ashford TRS Nickel Senior Mezz LLC

Ashford TRS PH LLC

Ashford TRS Pool I LLC

Ashford TRS Pool II LLC

Ashford TRS Pool A LLC

Ashford TRS Pool A Junior Holder LLC

Ashford TRS Pool A Junior Mezz LLC

Ashford TRS Pool A Senior Mezz LLC

Ashford TRS Pool B LLC

Ashford TRS Pool B Junior Holder LLC

Ashford TRS Pool B Junior Mezz LLC

Ashford TRS Pool B Senior Mezz LLC