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Ashford Hospitality Prime Inc (AHP.N)

AHP.N on New York Stock Exchange

8.97USD
23 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Ashford Prime To Acquire The Ritz-Carlton Sarasota For $171 Mln
Friday, 16 Feb 2018 08:00am EST 

Feb 16 (Reuters) - Ashford Hospitality Prime Inc ::ASHFORD PRIME ANNOUNCES AGREEMENT TO ACQUIRE THE RITZ-CARLTON SARASOTA FOR $171 MILLION.ASHFORD HOSPITALITY PRIME INC - ‍ENTERED DEFINITIVE AGREEMENT TO ACQUIRE 266-ROOM RITZ-CARLTON SARASOTA IN SARASOTA, FLORIDA FOR $171 MILLION​.ASHFORD HOSPITALITY PRIME INC - ‍ALSO ACQUIRING A 22 ACRE PLOT OF VACANT LAND FOR $9.7 MILLION​.ASHFORD HOSPITALITY PRIME INC - ‍TO ACQUIRE 266-ROOM RITZ-CARLTON SARASOTA IN SARASOTA, FLORIDA FOR $171 MILLION, $643,000 PER KEY.ASHFORD HOSPITALITY- ‍TO FUND RITZ-CARLTON DEAL, TO USE CASH,EITHER DRAWING ON REVOLVING CREDIT LINE OR SECURING MORTGAGE LOAN ON PROPERTY​.  Full Article

Ashford Hospitality Prime Board Authorizes Repurchase Of Up To $50 Mln Of Common Stock
Monday, 11 Dec 2017 05:46pm EST 

Dec 11 (Reuters) - Ashford Hospitality Prime Inc ::ASHFORD HOSPITALITY PRIME SAYS BOARD GRANTED A REPURCHASE AUTHORIZATION TO ACQUIRE SHARES OF COMMON STOCK OF UP TO $50 MILLION- SEC FILING.ASHFORD HOSPITALITY PRIME INC - BOARD'S AUTHORIZATION REPLACED ANY PREVIOUS REPURCHASE AUTHORIZATIONS..  Full Article

Ashford reports third quarter 2017 results
Thursday, 2 Nov 2017 04:15pm EDT 

Nov 2 (Reuters) - Ashford Inc :Ashford reports third quarter 2017 results.Q3 adjusted earnings per share $1.65.Q3 loss per share $1.05.Q3 revenue $19.3 million.Ashford Inc - ‍at end of Q3 of 2017, company had approximately $6.4 billion of assets under management​.  Full Article

Ashford Hospitality Prime reports Q3 adjusted FFO per share $0.37
Wednesday, 1 Nov 2017 06:15pm EDT 

Nov 1 (Reuters) - Ashford Hospitality Prime Inc :Ashford Hospitality Prime Inc reports third quarter 2017 results.Q3 adjusted FFO per share $0.37.Ashford Hospitality Prime Inc - ‍comparable revpar for all hotels decreased 5.3% to $211.36 during q3​.Ashford Hospitality Prime Inc - ‍comparable revpar for all hotels not under renovation decreased 2.9% to $204.72 during q3​.Ashford Hospitality Prime Inc - ‍company does not expect its uncovered losses from recent hurricanes to exceed $5 million​.Ashford Hospitality Prime Inc - ‍qtrly total revenue $108.1 million versus $99.7 million ​.  Full Article

Ashford Hospitality Prime announces finalization of strategy for non-core hotels
Wednesday, 1 Nov 2017 06:00pm EDT 

Nov 1 (Reuters) - Ashford Hospitality Prime Inc :Ashford Hospitality Prime Inc announces finalization of strategy for non-core hotels.Ashford Hospitality Prime Inc - ‍reached terms with Marriott to convert its courtyard san francisco downtown hotel to an autograph collection property​.Ashford Hospitality Prime Inc - ‍has listed renaissance tampa for sale and has engaged placenia group to market property to potential buyers​.Ashford Hospitality Prime Inc - deal with Marriott calls for courtyard San Francisco to be converted to autograph hotel by dec 2019.  Full Article

Ashford Hospitality to sell Marriott Plano hotel for $104 mln​
Wednesday, 1 Nov 2017 04:45pm EDT 

Nov 1 (Reuters) - Ashford Hospitality Prime Inc :Announces sale of Marriott Plano Legacy.Ssale of 404-room Marriott Plano Legacy Town Center hotel in Plano, Texas for $104 million​.  Full Article

Ashford Prime Q2 adjusted FFO per share $0.50
Wednesday, 2 Aug 2017 04:15pm EDT 

Aug 2 (Reuters) - Ashford Inc :Ashford Prime reports second quarter 2017 results.Q2 adjusted FFO per share $0.50.Ashford Inc qtrly ‍comparable RevPAR for all hotels not under renovation increased 2.7%​.  Full Article

Ashford to buy stake in co that conducts business of J&S audio visual
Tuesday, 25 Jul 2017 04:30pm EDT 

July 25 (Reuters) - Ashford Inc :Ashford - to buy controlling interest in privately held co that conducts business of J&S audio visual in United States, Mexico, and Dominican Republic​.Ashford Inc - deal for ‍approximately $17.1 million in cash and $4.3 million of Ashford common stock consideration​.Company expects to finance investment with a term loan of approximately $12 million.Ashford Inc - ‍after giving effect to transaction, Ashford will own approximately an 85% interest in common equity of J&S​.Ashford Inc - ‍expects J&S to initially contribute approximately $1.77 to its adjusted net income per diluted share​.  Full Article

Ashford Hospitality Prime reports further progress on non-core hotels strategy
Tuesday, 20 Jun 2017 08:00am EDT 

June 20 (Reuters) - Ashford Hospitality Prime Inc ::Ashford Hospitality Prime Inc says announces further progress on non-core hotels strategy.Ashford Hospitality Prime -entered agreement with marriott to convert its courtyard Philadelphia downtown hotel to an autograph collection property.Ashford Hospitality Prime Inc - company has begun marketing for sale its marriott plano legacy hotel.  Full Article

Ashford Hospitality Prime estimates 2017 capital expenditure spending of about $40 mln to $50 mln
Thursday, 4 May 2017 12:09pm EDT 

May 4 (Reuters) - Ashford Hospitality Prime Inc ::During 2017, estimate spending approximately $40 million to $50 million in capital expenditures.  Full Article

BRIEF-Ashford Prime To Acquire The Ritz-Carlton Sarasota For $171 Mln

* ASHFORD PRIME ANNOUNCES AGREEMENT TO ACQUIRE THE RITZ-CARLTON SARASOTA FOR $171 MILLION