DALLAS, July 25, 2013 /PRNewswire/ -- Ashford Hospitality
Trust, Inc. (NYSE: AHT) ("Ashford"
or the "Company") today announced the Company's underwriters have
exercised in part their option to purchase additional shares of
common stock in connection with its previously announced offering
of common stock. The underwriters exercised their option to
purchase an additional 1,250,782 shares of common stock from the
Company at a price of $12.00 per
share less the underwriting discount, dividend and other costs.
In total, the Company sold 12,250,782 shares of common
stock.
BofA Merrill Lynch, Deutsche Bank Securities and Morgan Stanley
acted as the joint book-running managers for the offering.
KeyBanc Capital Markets, Credit Agricole CIB and Credit Suisse
acted as senior co-managers, and Baird, Stifel, Cantor Fitzgerald & Co.,
JMP Securities, and MLV & Co. acted as co-managers.
A registration statement relating to the shares became effective
upon filing with the Securities and Exchange Commission. This press
release does not constitute an offer to sell or the solicitation of
an offer to buy the offered shares or any other securities, nor
will there be any sale of such shares or any other securities in
any state or other jurisdiction which such offer, solicitation, or
sale would be unlawful prior to registration or qualification under
the securities laws of such state or jurisdiction.
The offering was made only by means of a prospectus supplement
and accompanying base prospectus forming part of the registration
statement. Copies of the final prospectus supplement and base
prospectus related to the offering may be obtained from BofA
Merrill Lynch by contacting 222 Broadway, New York, NY 10038, Attention: Prospectus
Department, or email: dg.prospectus_requests@baml.com, Deutsche
Bank Securities by contacting 60 Wall Street, New York, NY 10005-2836, Attention: Prospectus
Group, or email: prospectus.cpdg@db.com, Morgan Stanley by
contacting 180 Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus
Department, or email: prospectus@morganstanley.com, or on the
internet site of the Securities and Exchange Commission at
www.sec.gov.
Ashford Hospitality Trust is a real estate investment trust
(REIT) focused on investing opportunistically in the hospitality
industry across all segments and at all levels of the capital
structure primarily within the United
States.
Certain statements and assumptions in this press release
contain or are based upon "forward-looking" information and are
being made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These
forward-looking statements are subject to risks and
uncertainties. When we use the words "will likely result,"
"may," "anticipate," "estimate," "should," "expect," "believe,"
"intend," or similar expressions, we intend to identify
forward-looking statements. Such statements are subject to
numerous assumptions and uncertainties, many of which are outside
Ashford's control.
These forward-looking statements are subject to known and
unknown risks and uncertainties, which could cause actual results
to differ materially from those anticipated, including, without
limitation: general volatility of the capital markets and the
market price of our common stock; changes in our business or
investment strategy; availability, terms and deployment of capital;
availability of qualified personnel; changes in our industry and
the market in which we operate, interest rates or the general
economy; and the degree and nature of our competition. These
and other risk factors are more fully discussed in Ashford's filings with the Securities and
Exchange Commission.
The forward-looking statements included in this press release
are only made as of the date of this press release. Investors
should not place undue reliance on these forward-looking
statements. We are not obligated to publicly update or revise
any forward-looking statements, whether as a result of new
information, future events or circumstances, changes in
expectations or otherwise.
SOURCE Ashford Hospitality Trust, Inc.