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Ashford Hospitality Prime Reports Q1 Growth

In line with the performance of the broader hotel industry, Ashford Hospitality Prime reported 2.1 percent RevPAR growth for Q1. Despite facing a relatively tough year-over-year comparison, Prime generated strong adjusted EBITDA and adjusted funds from operations per share growth ...

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Sessa Sends Letter to Ashford Hospitality Prime Shareholders

Sessa Sends Letter to Ashford Hospitality Prime Shareholders

NEW YORK—Sessa Capital (Master), L.P. (Sessa), owner of 8.2 percent of the outstanding common shares of Ashford Hospitality Prime, Inc. (Ashford Prime or the company) today sent the following letter to Ashford Prime shareholders in response to the company’s termination ...

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Ashford Prime to Explore Strategic Alternatives

Ashford Hospitality Prime is exploring a full range of strategic alternatives, including a possible sale of the company, less than two years after it was spun off from Ashford Hospitality Trust. The company has retained Deutsche Bank Securities as its ...

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Ashford Prime to Acquire Bardessono for $85 Million

Ashford Prime to Acquire Bardessono for $85 Million

DALLAS—Ashford Hospitality Prime has entered into a definitive agreement to acquire the leasehold interest in the 62-room Bardessono Hotel and Spa in Yountville, Calif., for a total consideration of $85 million ($1,370,000 per key). Post-closing, the property will be managed ...

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