ASHFORD HOSPITALITY PRIME,INC. (NYSE:AHP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
On February 20, 2017, Mr. Douglas A. Kessler informed the board of directors (the “Board”) of Ashford Hospitality Prime, Inc. (the “Company”) that he will not stand for re-election to the Board at the Company’s 2017 Annual Meeting of Stockholders. The decision was made in connection with Mr. Kessler’s appointment as Chief Executive Officer of Ashford Hospitality Trust, Inc. and not as a result of a disagreement with the Company or the Board.
About ASHFORD HOSPITALITY PRIME, INC. (NYSE:AHP)
Ashford Hospitality Prime, Inc. invests in high revenue per available room (RevPAR), luxury, upper-upscale and upscale hotels in gateway and resort locations. The Company conducts its business and owns all of its assets through its operating partnership, Ashford Hospitality Prime Limited Partnership. It operates in the direct hotel investment segment of the hotel lodging industry. It owns interest in over 15 hotels in approximately six states, the District of Columbia and St. Thomas, the United States Virgin Islands with over 3,950 total rooms, excluding those attributable to its partner. The hotels in its portfolio are located in the United States gateway and resort locations. The Company owns over 10 of its hotel properties directly, and the remaining hotel properties through an investment in a majority-owned consolidated entity. All of the hotels in the Company’s portfolio are asset-managed by Ashford Hospitality Advisors LLC. ASHFORD HOSPITALITY PRIME, INC. (NYSE:AHP) Recent Trading Information
ASHFORD HOSPITALITY PRIME, INC. (NYSE:AHP) closed its last trading session 00.00 at 13.39 with 146,539 shares trading hands.
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