Shareholder Engages Ashford Hospitality Prime in Proxy Fight

    Hotel real estate investment trust Ashford Hospitality Prime is embroiled in a proxy fight for control of its board with shareholder Sessa Capital, which owns about 8.2 percent of the trust. Sessa representatives have been vocal regarding their disapproval of Ashford Prime’s relationship with its advisory company, Ashford Inc., over governance and conflicts of interest. Ashford Prime and Ashford Inc. share much of their management, including chairman and CEO Monty Bennet. To read more, click here.

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