Ashford Hospitality Trust, a Dallas-based real estate investment trust, has priced a follow-on public offering of 13 million shares of common stock at $11.40 per share.The underwriters have been granted an option to buy an additional 1.95 million shares of common stock from the company to cover any overallotments, Ashford said. Merrill Lynch & Co. and Morgan Stanley & Co. are the book-running managers of the offering. The REIT can be found on the Web at http://www.ahtreit.com.
Processing Content
