ASHFORD HOSPITALITY PRIME, INC. (NYSE:AHP-B) Files An 8-K Completion of Acquisition or Disposition of AssetsITEM 2.01COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.
On April 4, 2018, Ashford Hospitality Prime, Inc. ("Ashford Prime" or the “Company”) completed the acquisition of the 266-room Ritz-Carlton Sarasota in Sarasota, Florida for $171 million ($643,000 per key), previously announced on February 16, 2018. The Company also closed on the acquisition of a 22-acre plot of vacant land for $9.7 million that is currently entitled for residential development adjacent to the golf course. The property will continue to be operated as a Ritz-Carlton under a management agreement with Ritz-Carlton.
ITEM 7.01REGULATION FD DISCLOSURE.
On April 4, 2018, the Company issued a press release announcing the closing of the acquisition of the Ritz-Carlton Sarasota, as further described in this Current Report on Form 8-K. A copy of the press release is attached hereto as Exhibit99.1 and is incorporated herein by reference.
ITEM 9.01FINANCIAL STATEMENTS AND EXHIBITS.
(a)Financial Statements.To the extent financial statements are required to be filed with this item, such financial statements will be filed by amendment to this Current Report on Form 8-K not later than 71 calendar days after the date on which this Current Report on Form 8-K is required to be filed.
(b)Pro Forma Financial Information. To the extent pro forma financial information is required to be filed by this item, such financial information will be filed by amendment to this Current Report on Form 8-K not later than 71 calendar days after the date on which this Current Report on Form 8-K is required to be filed.
(d) Exhibits.
Exhibit
Number Exhibit Description
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99.1 |
Press Release of the Company, dated April 4, 2018
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Ashford Hospitality Prime, Inc. ExhibitEX-99.1 2 ahpsarasotaclosingpr.htm EXHIBIT 99.1 Exhibit EXHIBIT 99.1NEWS RELEASEContact:Deric EubanksJordan JenningsJoe Calabrese Chief Financial OfficerInvestor RelationsFinancial Relations Board (972) 490-9600(972) 778-9487(212) 827-3772ASHFORD PRIME COMPLETES ACQUISITION OF RITZ-CARLTON SARASOTA FOR $171 MILLIONDALLAS,…To view the full exhibit click here
