ASHFORD INC. (NYSE:AHT) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On April6, 2017, Ashford Inc., a Maryland corporation (the
Company), entered into the Amended and Restated Limited
Liability Company Agreement (the Amended and Restated LLC
Agreement) of Ashford Hospitality Holdings LLC, a Delaware
limited liability company and a subsidiary of the Company
(Holdings), in connection with the merger (the
Merger) of Ashford Merger Sub LLC, a Delaware limited
liability company and a wholly owned subsidiary of Holdings, with
and into Ashford Hospitality Advisors LLC, a Delaware limited
liability company and the operating company of the Company
(Advisors), with Advisors surviving the Merger as a wholly
owned subsidiary of Holdings. The terms of the Amended and
Restated LLC Agreement are consistent with the terms of the
Amended and Restated Limited Liability Company Agreement of
Advisors. The Merger was effectuated in order to facilitate the
acquisition by the Company of certain ancillary service
businesses.
The foregoing description of the Amended and Restated LLC
Agreement is qualified in its entirety by reference to the
Amended and Restated LLC Agreement, which is filed as Exhibit10.1
hereto and incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d)Exhibits
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ExhibitNumber |
Description |
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10.1 |
Amended and Restated Limited Liability Company Agreement of |
About ASHFORD INC. (NYSE:AHT)
Ashford Hospitality Trust, Inc. is an externally-advised real estate investment trust (REIT). The Company is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP), its operating partnership. As of December 31, 2016, the Company owned interests in 123 consolidated hotel properties, including 121 (two that are held for sale) directly owned and two owned through a majority-owned investment in a consolidated entity, which represent 26,013 total rooms; 86 hotel condominium units at WorldQuest Resort in Orlando, Florida; a 96.6% ownership in Ashford Quantitative Alternatives (U.S.), LP (the AQUA U.S. Fund); a 29.7% ownership in Ashford Inc., and a 13.3% ownership in OpenKey. ASHFORD INC. (NYSE:AHT) Recent Trading Information
ASHFORD INC. (NYSE:AHT) closed its last trading session down -0.16 at 6.33 with 740,118 shares trading hands.