ASHFORD HOSPITALITY PRIME, INC. (NYSE:AHP-B) Files An 8-K Regulation FD DisclosureITEM 7.01 REGULATION FD DISCLOSURE
On August 21, 2017, Ashford Hospitality Prime, Inc. (the “Company”) announced that it has successfully refinanced the mortgage loan on the Bardessono Hotel & Spa with an existing outstanding balance totaling $40 million. The new loan totals $40 million and has a five year term. The loan is interest only, provides for a floating interest rate of LIBOR + 2.55% compared to the previous loan that had a floating interest rate of LIBOR + 4.95%. The new loan should result in annual interest savings of approximately $1 million. A copy of the press release is attached hereto as Exhibit 99.1.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d)Exhibits
Exhibit NumberDescription
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99.1 |
Press Release of the Company, dated August 21, 2017. |
Ashford Hospitality Prime, Inc. ExhibitEX-99.1 2 ahpbardrefipr.htm EXHIBIT 99.1 Exhibit EXHIBIT 99.1 NEWS RELEASEContact:Deric EubanksJordan JenningsJoseph Calabrese Chief Financial OfficerInvestor RelationsFinancial Relations Board (972) 490-9600(972) 778-9487(212) 827-3772ASHFORD PRIME COMPLETES REFINANCING OF THE BARDESSONO HOTEL & SPADALLAS,…To view the full exhibit click here
