Ashford Hospitality Trust Inc. and Ashford Hospitality Prime Inc. reapproved their share repurchase programs for up to $200 million and up to $50 million of their respective common shares.
The companies also agreed to sell up to $100 million and up to $50 million, respectively, of their common shares in at-the-market offerings from time to time.
Ashford Trust, its operating partnership and its adviser signed separate equity distribution agreements with UBS Securities LLC, Morgan Stanley & Co. LLC, B. Riley FBR Inc., Robert W. Baird & Co. Inc., D.A. Davidson & Co., Deutsche Bank Securities Inc. and Janney Montgomery Scott LLC as sales agents for the at-the-market offerings.
Ashford Prime, its operating partnership and its adviser signed separate equity distribution agreements with Morgan Stanley and UBS Securities as sales agents for the at-the-market offerings.
