On January 15, 2016, Sessa Capital (Master), L.P. announced it will nominate a slate of 5 independent directors for election at the Ashford Hospitality Prime, Inc.'s 2016 annual meeting of stockholders. Sessa's nominees are Larry Cunningham, Phil Livingston, John Petry, Daniel Silvers and Chris Wheeler. Sessa Capital viewed that overhaul of board is needed to revive stalled strategic review process and to remedy poor corporate governance and conflicts of interest.
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- Sessa Capital Intends to Nominate Control Slate of 5 Candidates to the Board of Ashford Hospitality