In June, Ashford Hospitality Trust announced that it would launch a spin-off Real Estate Investment Trust (REIT) called Ashford Hospitality Prime. The spin-off is expected to start trading on the New York Stock Exchange (NYSE) in November and will focus ...

DALLAS—Ashford Hospitality Trust announced that the company’s Board of Directors approved a plan to spin-off an 80 percent ownership interest in an eight-hotel portfolio, totaling 3,146 rooms. Ashford Prime is expected to qualify as a real estate investment trust (REIT) ...