Ashford Prime Receives Unsolicited $735 million Buyout Offer from The Weisman Group

June 9, 2016

DALLAS, June 8, 2016-- Ashford Hospitality Prime, Inc., (NYSE: AHP) ("Ashford Prime" or the "Company") today confirmed that it has received an unsolicited proposal from The Weisman Group, an investment firm based in Sherman Oaks, California, to acquire the Company's assets. The Company's Board of Directors and management team are committed to acting in the best interest of all Ashford Prime stockholders. Consistent with its fiduciary responsibilities, Ashford Prime's Board of Directors, in consultation with its independent financial and legal advisors, will carefully review and evaluate The Weisman Group&...