Ashford Hospitality Prime, Inc. (NYSE:AHT) recently appointed Chief Executive Officer, Richard J. Stockton, has conducted and completed an in-depth strategic review. This has included meeting with investors, inspecting the properties and dialogue with both corporate and property-level management teams. Ashford Hospitality Trust will continue to target acquisitions of hotels with a RevPAR of at least 2.0x the national average. As a result, four hotels have been designated as non-core to the portfolio, including the Courtyard Philadelphia Downtown Hotel, Courtyard San Francisco Downtown Hotel, Renaissance Tampa Hotel and Marriott Legacy Center Hotel in Plano, Texas. Ashford Hospitality Trust intends to either reposition or opportunistically sell the hotels in the future if conditions warrant. Ashford Hospitality Trust will also simultaneously pursue new acquisitions in order to grow the portfolio consistent with its stated strategy.