ASHFORD INC. (NYSE:AHT) Files An 8-K Regulation FD Disclosure
ITEM 7.01 REGULATION FD DISCLOSURE
the Company has been unsuccessful in receiving an acceptable
private letter ruling from the Internal Revenue Service (IRS) and
has decided to cease its efforts in completing the proposed
transaction as originally contemplated with Remington Holdings,
LP (“Remington”). The Company has begun the process of evaluating
the purchase of just Remingtons project management business,
which would not require a private letter ruling, and has formed a
Special Committee of its Board to evaluate a possible
transaction. A copy of this press release is attached hereto as
Exhibit 99.1.
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99.1
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Press release of the Company, dated March 28, 2017.
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About ASHFORD INC. (NYSE:AHT)
Ashford Hospitality Trust, Inc. (Ashford), together with its subsidiaries, is an externally advised real estate investment trust (REIT). The Company operates through direct hotel investments segment. It 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, its operating partnership. Its hotels are operated under the brands of Hilton, Hyatt, Marriott, Starwood and Intercontinental Hotels Group. The Company’s hotels portfolio is asset-managed by Ashford LLC. The Company is focused on direct hotel investments and it may invest in a range of lodging-related assets. Its investments may include direct hotel investments; mezzanine financing through origination or acquisition; first-lien mortgage financing through origination or acquisition, and sale-leaseback transactions. ASHFORD INC. (NYSE:AHT) Recent Trading Information
ASHFORD INC. (NYSE:AHT) closed its last trading session up +0.05 at 5.85 with 1,204,543 shares trading hands.
