Ashford Prime Says Lawsuit from Sessa Capital Without Merit

Ashford Hospitality Prime, Inc. AHP has been informed of a lawsuit filed by Sessa Capital ("Sessa") against the Company and its directors. The Company disputes the allegations in the complaint and will vigorously defend against the lawsuit. The Company issued the following statement in response: We believe this lawsuit is without merit and yet another distracting tactic by one shareholder to prioritize its own short-term interests. Sessa launched its campaign after the Company had already announced a strategic review process focused on determining the best path to maximize shareholder value. In contrast, we believe based on our limited interactions that Sessa is only interested in seeking an immediate sale of the Company, regardless of whether it is in the best interest of all shareholders or is the best long-term solution. The Company and its Board have been and remain fully committed to maximizing long-term shareholder value. As previously announced, the Company is currently conducting a thorough strategic review process, which may include a sale. Sessa should let the Board perform its fiduciary duty, rather than wasting time and resources on meritless claims.   Ashford Prime would also like to See full press release