Ashford Hospitality Trust, a real estate investment trust based in Dallas, has priced an offering of 8.0 million shares of 8.45% series D cumulative preferred stock at $25 per share.The proceeds will be used to redeem the company's series C preferred stock, Ashford said. Merrill Lynch & Co., Morgan Stanley, and Wachovia Securities were the joint book-running managers of the offering. The REIT can be found online at http://www.ahtreit.com.

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