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Provider: Pechala's Reports
Provider: Pechala's Reports
Provider: Reuters Investment Profile
Provider: Thomson Reuters Stock Report

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Ashford Hospitality Prime Inc announces offering of 8.0 mln shares of common stock

Tuesday, 21 Jan 2014 04:01pm EST 

Ashford Hospitality Prime Inc:Says it has commenced an underwritten public offering of 8,000,000 shares of common stock.Says it expects to grant the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of common stock.Says the offering is subject to market and other conditions.Says it intends to use the net proceeds of the offering to acquire the Sofitel Chicago Water Tower and the Pier House Resort, and for general corporate purposes and working capital.Says BofA Merrill Lynch and Morgan Stanley are acting as the joint book-running managers for the offering and KeyBanc Capital Markets, Credit Agricole CIB, Credit Suisse, Baird, and Stifel are acting as senior co-managers. 

Company Quote

-0.03 -0.19%
17 Apr 2015