Powered by

Ashford Hospitality Trust Responds To FelCor Lodging Trust's Misleading Comments About Value Creating Proposal

Feb 27, 2017 - PR Newswire

Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust") today made the following statements in response to the press release issued by FelCor Lodging Trust Incorporated (NYSE: FCH) ("FelCor") on February 24, 2017.

Ashford Trust previously announced on February 21, 2017 that it submitted a non-binding proposal to acquire FelCor for a fixed exchange ratio of 1.192 shares of Ashford Trust per share of FelCor, a total of 400,000 shares of Ashford Inc. (NYSE MKT: AINC) (the "Advisor"), an...