Ashford Prime Launches New Ashford App For Hospitality REIT Investors

DALLAS, April 15, 2014 /PRNewswire/ -- Ashford Hospitality Prime, Inc. (NYSE: AHP) ("Ashford Prime" or the "Company") announced today that it has launched the Ashford App, a new mobile app created for the hospitality REIT investor community.  The app is currently available on the iOS platform for the iPhone and iPad, with a version for Android smartphones to follow in the near future.  The Ashford App offers users the ability to quickly and concisely get up to speed with what is happening in the hospitality REIT industry from a macro level as well as review detailed information on specific companies in the sector. 

The new app is available for free download at Apple's App Store by searching "Ashford."

In today's fast-paced environment more investors are making investment decisions while on the go, accessing social media and mobile apps for relevant information on every device they have.  The Ashford App fills a gap in this speed-driven world, to inform and educate hospitality REIT investors who can now access general lodging industry statistics as well as specific information about Ashford Prime and its affiliated companies.  The influence of social media continues to grow and Ashford Prime is committed to being at the forefront of this effort to broaden communications with the investment community.  In addition to the Ashford App, investors are also encouraged to follow Chairman and Chief Executive Officer, Monty Bennett, on Twitter at   www.twitter.com/MBennettAshford or @MBennettAshford.

"Appreciating the increasing use of mobile technology by investors, we designed this app as a one-stop resource for everything associated with Ashford Hospitality Prime and its related companies as well as for the entire hospitality REIT sector," said Monty J. Bennett, Ashford Prime's Chairman and Chief Executive Officer.  "We are proud to offer the Ashford App, which is the first app of its kind for the hospitality REIT space and we hope investors find it to be a useful investment and research tool."

With the Ashford App, users will have the ability to scan market and industry indexes, find relevant stock and financial information for hospitality REITs, and access other industry data and research while also being able to access Ashford Prime-specific data including financial data, investor data, news and press releases.  The app will also allow users to receive push notifications related to Ashford Hospitality Prime and its related companies including Ashford Hospitality Trust, Inc. (NYSE: AHT), that will include news, press releases and industry information.  

Ashford Hospitality Prime is a conservatively capitalized real estate investment trust (REIT) focused on investing in high RevPAR full-service and urban select-service hotels and resorts located predominantly in domestic and international gateway markets.

Follow Chairman and CEO Monty Bennett on Twitter at www.twitter.com/MBennettAshford or @MBennettAshford. 

Certain statements and assumptions in this press release contain or are based upon "forward-looking" information and are being made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  These forward-looking statements are subject to risks and uncertainties.  When we use the words "will likely result," "may," "anticipate," "estimate," "should," "expect," "believe," "intend," or similar expressions, we intend to identify forward-looking statements.  Such statements are subject to numerous assumptions and uncertainties, many of which are outside Ashford Prime's control.

These forward-looking statements are subject to known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated, including, without limitation:  general volatility of the capital markets and the market price of our common stock; changes in our business or investment strategy; availability, terms and deployment of capital; availability of qualified personnel; changes in our industry and the market in which we operate, interest rates or the general economy; and the degree and nature of our competition.  These and other risk factors are more fully discussed in Ashford Prime's filings with the Securities and Exchange Commission. 

The forward-looking statements included in this press release are only made as of the date of this press release.  Investors should not place undue reliance on these forward-looking statements.  We are not obligated to publicly update or revise any forward-looking statements, whether as a result of new information, future events or circumstances, changes in expectations or otherwise.

SOURCE Ashford Hospitality Prime, Inc.