Ashford Hospitality Prime, Inc. is a real estate investment trust (REIT) firm, that operates through its subsidiary, the Ashford Hospitality Prime Limited Partnership. The company engages in the ownership and management of hotel properties in the United States.
The portfolio of the company is comprised of luxury, upscale and upper-upscale hotels. As of March 2015, they have interests in 10 hotels that are located in 6 states and in the District of Columbia. In aggregate, these properties have a total of more than 3,400 rooms. These properties are affiliated under the brand names of Marriott International, Inc. and Hilton Worldwide, Inc. They are also affiliated with Accor Business, Remington and Leisure Management, LLC.
The company is advised by Ashford LLC, which is a subsidiary of Ashford, Inc. It remains publicly traded on the New York Stock Exchange using the ticker symbol AINC. It is listed as one of the components of the Russell 3000 Index.
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