Ashford Hospitality Prime, Inc. 14185 Dallas Parkway Suite 1100 Dallas, TX 75254 United States Phone: 972-490-9600 Fax: 972-980-9605 Website: http://www.ahpreit.com REIT Real Estate Investment Trust Ashford Hospitality Prime is an externally-advised REIT listed on the New York Stock Exchange, under the symbol AHP, that invests primarily in high RevPAR, full-service and urban select-service hotels located predominantly in domestic and international gateway markets. We are externally managed by Ashford (NYSE MKT: AINC). Our strategy is to invest primarily in full-service and urban select-service hotels which are anticipated to generate RevPAR of at least twice the then current U.S. average RevPAR for all hotels as determined by Smith Travel Research and which are located predominantly in domestic gateway markets. We may also seek to acquire high RevPAR hotels outside of the U.S., with a primary focus on international gateway cities. In addition, we may invest in upper upscale and luxury hotels situated in resort markets when those hotels meet our stated RevPAR criteria. We will seek to acquire both premium branded and independent hotels. Ashford Hospitality Prime, Inc. (NYSE:AHP.WI) operates independently of Ashford Hospitality Trust, Inc. as of November 19, 2013.