Ashford Prime To Acquire The Bardessono Hotel And Spa For $85 Million

Ashford Hospitality Trust | June 12, 2015

DALLAS, June 11, 2015 Acquisition Highlights: •Premier asset in Napa Valley, one of the strongest and most desirable lodging markets in the country with very high barriers to entry and minimal new supply •Extraordinary RevPAR of over $550 •The only California LEED Platinum certified hotel was built in 2009 and is in outstanding physical condition with virtually no capex needs •Remington Lodging to take over property management •Ashford Inc. will provide $2.0 million in key money for the acquisition Ashford Hospitality Prime, Inc. (NYSE: AHP) ("Ashford Prime" or the "Company") today announced it has entered into a definitive ag...