trending Market Intelligence /marketintelligence/en/news-insights/trending/ClLSyhG2l1Os4jjw96BGOA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Ashford Hospitality Prime seeking new CEO, directors

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Ashford Hospitality Prime seeking new CEO, directors

Ashford HospitalityPrime Inc. is looking for a new leader.

The company said it is seeking to replace Monty Bennett as CEO.Bennett is expected to continue to serve as board chairman. The board is also interviewingdirector candidates and plans to add one or more independent directors.

If the current directors are re-elected at the upcoming shareholdermeeting, Ashford Hospitality Prime expects the new CEO and new independent directorswould join the company after the meeting.

The company has faced opposition from investors in recent monthsand fielded sharp questions from the analyst community during a May 5 . It concluded its reviewof strategic alternativesin early April, announcing that it decided not to sell the company and instead employstructural changes and pursue longer-term initiatives.

Further to those efforts, Ashford Hospitality Prime announcedthat it signed a nonbinding letter of intent to sell Marriott Courtyard SeattleDowntown. The deal is subject to the signing of definitive documentation and othercustomary closing conditions.