Ashford Hospitality Prime (AHP) to Double Dividend

Ashford Hospitality Prime (NYSE: AHP) announced that its Board of Directors increased its quarterly cash dividend policy from $0.05 to $0.10 per diluted share for the Company's common stock beginning with the second quarter dividend. This new policy reflects a 100% increase in the common dividend.

Future dividends will be subject to board approval and will continue to be reviewed by the board on a quarter-to-quarter basis. The adoption of a dividend policy does not commit the Board of Directors to declare future dividends or the amount thereof.

Ashford Hospitality Prime is a conservatively capitalized real estate investment trust (REIT) focused on investing in high RevPAR full-service and urban select-service hotels and resorts located predominantly in domestic and international gateway markets.

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