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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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September 10, 2014
08:23 EDTAHPAshford 'well positioned' for accretive growth with ROFO assets
Expects to benefit from strong management capabilities. Says "well positioned" for accretive growth with ROFO assets from Ashford Trust. Aims to invest in "high quality," high RevPAR hotels located in gateway and resort markets. Says targeting acquisitions consistent with investment guidelines. Says U.S. hotel transaction volume "likely" to increase over next several years as U.S. hotel market values rise. Expects PKF RevPar to grow 8.2% in FY14, 6.7% in FY15 and 5.8% in FY16. Comments taken from slides from the company's presentation to investors.
07:07 EDTAHP, AHTBofA/Merrill to hold a conference
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