Ashford Hospitality Trust, a real estate investment trust based in Dallas, has priced a follow-on public offering of 10.6 million shares of common stock at $11.15 per share.Merrill Lynch & Co. and Morgan Stanley & Co. acted as the book-running managers of the offering. The underwriters were granted an option to buy up to approximately 1.51 million additional shares to cover any overallotments. The REIT can be found online at http://www.ahtreit.com.

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