Ashford Hospitality Trust, Inc. (AHT) - NYSE
  • Wed, Jun. 8, 10:19 AM
    • Confirming receipt of an unsolicited proposal to buy the company from The Weisman Group - a real estate investment firm based out of Sherman Oaks, CA - Ashford Prime (AHP +35.3%) says it intends to carefully review the offer.
    • To review, Ashford Prime was spun out of Ashford Trust (AHT +2.1%) just less than three years ago. The performance of the stock price since has been underwhelming (off about 50%).
    • The company - after completing a strategic review earlier this year - now is engaged in a proxy fight with activist investor Sessa Capital.
    • Previously: Ashford Prime takeover offer at near 100% premium (June 8)
    • The stock just came off trading halt, and is now up 35% to $15.30 per share. Weisman's offer is for $20.25. External manager Ashford, Inc (AINC -1.6%).
    | Wed, Jun. 8, 10:19 AM | 9 Comments
Company Description
Ashford Hospitality Trust, Inc. is a real estate investment trust engaged in investing in the hospitality industry. It provides real estate investment services and invests across all segments and at all levels of the capital structure, including direct hotel investments, first mortgages,... More
Sector: Financial
Industry: REIT - Hotel/Motel
Country: United States