DALLAS, Oct. 1, 2013 /PRNewswire/ -- Ashford Hospitality
Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today
announced an update to investors on the anticipated timing of the
previously announced spin-off of Ashford Hospitality Prime, Inc.
("Ashford Prime"). The Company
currently expects to complete the spin-off sometime during the
fourth quarter of this year.
The Company has also prepared a new Ashford Prime Questions and
Answers Presentation that is available on the Company's website at
www.ahtreit.com both on the front page and under the Investors tab
in the Presentations section. The presentation contains
answers to commonly asked questions regarding the spin-off.
Additional information can be found in the information
statement for Ashford Hospitality Prime that has been filed with
the SEC.
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.
Ashford Hospitality Prime will be a conservatively capitalized
real estate investment trust (REIT) focused on investing in high
RevPAR full-service and urban select-service hotels located
predominantly in domestic and international gateway markets.
Follow Chairman and CEO Monty
Bennett on Twitter at www.twitter.com/MBennettAshford or
@MBennettAshford.
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; the degree and nature of our competition; the satisfaction
of the conditions to the completion of the spin-off; and the
estimated timing of completion. 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.