Ashford Hospitality Trust Announces Plan to Spin-off High RevPAR Hotel Portfolio as "Ashford Hospitality Prime" and Hosts Conference Call
June 17, 2013 at 16:26 PM EDT
Ashford Hospitality Trust (NYSE: AHT ) today announced that the Company's Board of Directors approved a plan to spin-off an 80% ownership interest in an 8-hotel portfolio, totaling 3,146 rooms (2,912 owned rooms), to holders of Ashford Trust common stock in the form of a taxable special distribution.
