Secondary offering for Ashford spinoff

• Ashford Hospitality Prime (AHP) will offer 8M shares with underwriters granted a greenshoe option of 1.2M. The proceeds will be used for the purchase of the Sofitel Chicago Water Tower and the Pier House Resort, along with general corporate purposes.
• AHP was spun out of Ashford Trust (AHT) in November of last year.
• Press release