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Stock Market & Financial Investment News

News Breaks
March 3, 2014
08:11 EDTAHP, AHTAshford Hospitality Prime completes acquisition of Pier House Resort and Spa
Ashford Hospitality Prime (AHP) announced it has completed the acquisition of the 142-room Pier House Resort and Spa from Ashford Hospitality (AHT) for a total consideration of $92.M. In connection with the transaction, the company has assumed the existing $69Mproperty level debt financing that Ashford Trust closed in September 2013. The balance of the purchase price was funded with proceeds from the company's January equity offering.
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July 17, 2014
07:47 EDTAHPAshford Hospitality Prime initiated with a Market Perform at FBR Capital
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July 15, 2014
08:04 EDTAHTAshford Hospitality acquires Fremont Marriot Silicon Valley
Ashford Hospitality announced that it has signed a definitive agreement to acquire the 357-room Fremont Marriott Silicon Valley hotel. The acquisition is expected to close within the next 30 days. Upon closing, the property will be managed by Remington Lodging. The company intends to finance the property with approximately $37.5M of non-recourse mortgage debt.

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