Ashford Inc. Stockholders Approve Combination With Remington
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Sessa Capital Sends Letter to Ashford Hospitality Prime (AHP) Holders After Termination of Strategic Review
April 14, 2016 1:17 PM EDTSessa Capital (Master), L.P. (Sessa), owner of 8.2% of the outstanding common shares of Ashford Hospitality Prime, Inc. (NYSE: AHP) (Ashford Prime or the Company) today sent the following letter to Ashford Prime shareholders in response to the Companys termination of its strategic review process.
The full text of the letter follows:
Dear Fellow Ashford Prime Shareholders,
As shareholders of Ashford Hospitality Prime, were disappointed.
After a seven month process, Ashford Primes incumbent directors admitted that the Companys strategic alternatives process has produced nothing. The takeaway from the process was the... More
