DALLAS—Ashford Hospitality Prime, Inc. declared a quarterly cash dividend of $0.05 per diluted share for the company’s common stock for the first quarter ending March 31.
The dividend, which equates to an annual rate of $0.20 per share, is payable on April 15, 2014, to shareholders of record as of March 31.
Ashford Hospitality Prime is a REIT focused on investing in high RevPAR full-service and urban select-service hotels and resorts located predominantly in domestic and international gateway markets.