Attached files
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| 8-K - CURRENT REPORT - Braemar Hotels & Resorts Inc. | as20160404-8k.htm |
Exhibit 99.1
NEWS RELEASE
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Contact:
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Mike Geller
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Trevor Gibbons
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Stacy Feit
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Edelman
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Edelman
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Financial Relations Board
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(212) 729-2163
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(212) 704-8166
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(213) 486-6549
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ASHFORD PRIME LAUNCHES WWW.ASHFORDPRIMEFACTS.COM IN
CONNECTION WITH 2016 ANNUAL MEETING OF STOCKHOLDERS
DALLAS, April 4, 2016 -- Ashford Hospitality Prime, Inc., (NYSE: AHP) (“Ashford Prime” or the “Company”) today announced that it has launched the website www.ashfordprimefacts.com. This official website provides access to materials and information that are relevant to the Company’s 2016 Annual Meeting of Stockholders, including:
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Information on the Ashford Prime management team’s deep industry expertise and long-term track record of delivering stockholder value, and the Company’s highly-qualified board of directors.
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Information on what the Company believes are misleading and inaccurate claims made in “activist” Sessa’s proxy campaign.
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Links to key press releases, presentations, resources and SEC filings.
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Since the inception of Ashford Prime, the Company’s management team and Board have been committed to maximizing long-term stockholder value. The Company believes that it is in the best interest of all stockholders for the Board to complete its thorough review of all strategic alternatives to determine the best route to maximize value for stockholders.
Ashford Prime has retained Cadwalader Wickersham & Taft LLP as legal counsel. Moelis & Company LLC is acting as financial advisor to Ashford Prime in connection with Sessa’s proxy
contest and Deutsche Bank Securities Inc. is acting as independent financial advisor in connection with the Company’s strategic review process.
Ashford Prime is a real estate investment trust (REIT) focused on investing in luxury hotels located in resort and gateway markets.
Forward-Looking Statements
Certain statements and assumptions in this press release contain or are based upon “forward-looking” information and are being made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties. When we use the words “will likely result,” “may,” “anticipate,” “estimate,” “should,” “expect,” “believe,” “intend,” or similar expressions, we intend to identify forward-looking statements. Such statements are subject to numerous assumptions and uncertainties, many of which are outside Ashford Prime's control.
These forward-looking statements are subject to known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated, including, without limitation: general volatility of the capital markets and the market price of our common stock; changes in our business or investment strategy; availability, terms and deployment of capital; availability of qualified personnel; changes in our industry and the market in which we operate, interest rates or the general economy; and the degree and nature of our competition. These and other risk factors are more fully discussed in Ashford Prime's filings with the Securities and Exchange Commission (the “SEC”).
The forward-looking statements included in this press release are only made as of the date of this press release. Investors should not place undue reliance on these forward-looking statements. We are not obligated to publicly update or revise any forward-looking statements, whether as a result of new information, future events or circumstances, changes in expectations or otherwise.
Important Information
Ashford Hospitality Prime, Inc. (“Ashford Prime”) plans to file with the SEC and furnish to its stockholders a Proxy Statement in connection with its 2016 Annual Meeting, and advises its stockholders to read the Proxy Statement relating to the 2016 Annual Meeting when it becomes available, because it will contain important information. Stockholders may obtain a free copy of the Proxy Statement and other documents (when available) that Ashford Prime files with the SEC at the SEC’s website at www.sec.gov. The Proxy Statement and these other documents may also be obtained for free from Ashford Prime by directing a request to Ashford Hospitality Prime, Inc., Attn: Investor Relations, 14185 Dallas Parkway, Suite 1100, Dallas, Texas 75254 or by calling (972) 490-9600.
Certain Information Concerning Participants
Ashford Prime, its directors and named executive officers may be deemed to be participants in the solicitation of Ashford Prime’s stockholders in connection with its 2016 Annual Meeting. Stockholders may obtain information regarding the names, affiliations and interests of such individuals in Ashford Prime’s proxy statement dated April 17, 2015, which is filed with the SEC. To the extent holdings of Ashford Prime’s securities have changed since the amounts printed in the proxy statement, dated April 17, 2015, such changes have been reflected on Statements of Change in Ownership on Form 4 filed with the SEC.
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