Brief: Ashford reports qtrly loss per share of $0.07

Ashford

03/05/2017 21:15

May 3 (Reuters) - Ashford Inc  AINC.A  
    * Ashford says  comparable revpar for all hotels increased 
2.5% to $221.11 during Q1 
    * Ashford inc says  comparable revpar for all hotels not 
under renovation increased 5.8% to $284.67 during Q1 
    * Ashford reports first quarter 2017 results 
    * says  on march 1, 2017, company announced it had entered 
into a definitive agreement to acquire 80-room hotel yountville 
in yountville, ca for $96.5 million 
    * Q1 adjusted FFO per share $0.46 
    * Ashford inc says  intends to finance property with 
approximately $50 million of non-recourse mortgage debt 
    * Qtrly loss per share $0.07 
 
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