Ashford Hospitality Prime Inc. filed a prospectus for the offer and sale of up to $300.0 million of its securities, from time to time.
The filing covers common stock, preferred stock, depositary shares, warrants, debt securities, rights and units.
Ashford Prime plans to funnel the net proceeds from the sale of the securities to its operating partnership, which will subsequently use them to potentially buy or develop additional properties and for general business purposes.