DALLAS, Feb. 10, 2015 /PRNewswire/ -- Ashford Hospitality
Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today
announced the Company's underwriter has exercised in part its
option to purchase additional shares of common stock in connection
with its previously announced offering of common stock. The
underwriter exercised its option to purchase an additional
1,029,450 shares of common stock from the Company at a price of
$10.65 per share less the
underwriting discount. In total, the Company sold 10,529,450
shares of common stock.
Robert W. Baird & Co. Incorporated served as sole
underwriter for the offering.
A registration statement relating to the shares is effective
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 in 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 the related base prospectus, which have been filed with the
Securities and Exchange Commission. Copies of the final
prospectus supplement and the related base prospectus may be
obtained from Robert W. Baird & Co. Incorporated, Attn:
Syndicate Department, 777 East Wisconsin Avenue, Milwaukee, Wisconsin 53202, Telephone: (800)
792-2473, Email: syndicate@rwbaird.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 forward-looking statements
include, but are not limited to, statements about the terms and
size of the offering and the use of proceeds from the
offering. Such statements are subject to numerous assumptions
and uncertainties, many of which are outside Ashford Trust'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 Trust'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.
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visit:http://www.prnewswire.com/news-releases/ashford-hospitality-trust-announces-partial-exercise-of-underwriters-option-300033977.html
SOURCE Ashford Hospitality Trust, Inc.; Ashford Inc.