Ashford Hospitality Trust Prices Follow-On Offering of 13 Million Shares of Common Stock
July 20 2006 - 8:30AM
PR Newswire (US)
DALLAS, July 20 /PRNewswire-FirstCall/ -- Ashford Hospitality
Trust, Inc. (NYSE:AHT) today announced it has priced a follow-on
public offering of 13,000,000 shares of common stock at $111.40 per
share. The closing of the offering is scheduled for July 25, 2006.
The underwriters have been granted an option to purchase an
additional 1,950,000 shares of common stock from the Company to
cover over-allotments. Merrill Lynch & Co. and Morgan Stanley
& Co. Incorporated acted as the book-running managers of the
offering. Friedman Billings Ramsey, Wachovia Securities, A.G.
Edwards, Stifel Nicolaus, JMP Securities, Calyon Securities (USA)
Inc. and Davenport & Company LLC acted as co-managers. This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of such
common stock in any state in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state. A copy of the final prospectus
related to the offering may be obtained from Merrill Lynch &
Co., 250 Vesey Street, New York, NY 10080, or Morgan Stanley &
Co. Incorporated, 180 Varick Street, New York, NY 10014, Attn:
Prospectus Department. Ashford Hospitality Trust is a
self-administered real estate investment trust focused on investing
in the hospitality industry across all segments and at all levels
of the capital structure, including direct hotel investments, first
mortgages, mezzanine loans and sale-leaseback transactions.
Contact: Douglas Kessler Tripp Sullivan COO and Head of
Acquisitions Corporate Communications, Inc. (972) 490-9600 (615)
254-3376 DATASOURCE: Ashford Hospitality Trust, Inc. CONTACT:
Douglas Kessler, COO and Head of Acquisitions of Ashford
Hospitality Trust, Inc., +1-972-490-9600; or Tripp Sullivan of
Corporate Communications, Inc., +1-615-254-3376, for Ashford
Hospitality Trust, Inc. Web site: http://www.ahtreit.com/
Copyright
Ashford Hospitality (NYSE:AHT)
Historical Stock Chart
From May 2024 to Jun 2024
Ashford Hospitality (NYSE:AHT)
Historical Stock Chart
From Jun 2023 to Jun 2024