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Adidas Duramo Red

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Methodist University and is a CFA charterholder.COMMON STOCK DIVIDENDOn June 13, 2014, the Company announced that its Board of Directors had declared a quarterly cash dividend of $0.05 per diluted share for the Company common stock for the second quarter ending June 30, 2014, payable on July 15, 2014, to shareholders of record as of June 30, 2014. However, our hotels in those markets were still able to outperform their competitive sets during the quarter. That a testament to the high quality of the Ashford Prime portfolio. Our west coast assets continue to outperform the industry averages, and we are very excited about the long term prospects for this portfolio of high quality, high RevPAR hotels," commented Monty J. Bennett, Ashford Prime Chairman and Chief Executive Officer. "We will continue to seek to grow the Ashford Prime portfolio in a manner that is accretive to long term shareholder returns."

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Ashford Prime Reports Second Quarter 2014 Results

Adidas Duramo Red

Adidas Duramo Red

Information contained on this page is provided by an independent third party content provider. WorldNow and this Station make no warranties or representations in connection therewith.DALLAS, Aug. 7, 2014 /PRNewswire/ Adidas Energy Boost 2017

Accordingly, the Company results for the prior year period may not be representative of results in future periods. In particular, the general administrative expenses that are shown in the prior year historical carve out financial statements do not reflect the expected general administrative costs of the Company, but rather reflect an allocation of the actual general administrative costs of Ashford Trust. The Company has general administrative costs that it incurs as well as reimbursable costs that Ashford Trust incurs on its behalf. The Company also pays a base management fee to Ashford Trust equal to 0.70% times its total enterprise value. The performance measurements for Occupancy, Average Daily Rate (ADR), Revenue Per Available Room (RevPAR), and Hotel Operating Profit (or Hotel EBITDA) are pro forma. Unless otherwise stated, all reported results compare the second quarter ended June 30, 2014, with the second quarter ended June 30, 2013 (see discussion below). The reconciliation of non GAAP financial measures is included in the financial tables accompanying this press release.FINANCIAL AND OPERATING HIGHLIGHTSRevPAR for all Ashford Prime hotels increased 4.6% during the second quarterHotel EBITDA flow through continued to be impacted by higher property taxes and incentive management fees; certain incentive management fees kicked in during the third quarter of the prior year so Hotel EBITDA flow through should improve in future quartersNet income attributable to common shareholders for the Company was $3.5 million, or $0.14 per diluted share, compared with net income attributable to common shareholders of $3.8 million, or $0.24 per diluted share, in the prior year quarterAdjusted funds from operations (AFFO) for the Company was $0.45 per diluted share for the quarter compared to $0.44 from the prior year quarterAt the end of the second quarter 2014, the Company had total net working capital of $193 millionDavid Kimichik, the Company former Chief Financial Officer and Treasurer, retired on June 13, 2014, following a career spanning over 32 years with Ashford Trust and its predecessor; Deric Eubanks, formerly the Company Senior Vice President of Finance, succeeded him as Chief Financial Officer and Treasurer reporting to Ashford Prime Chairman and Chief Executive Officer, Monty J. BennettCapex invested in the quarter for the Ashford Prime Portfolio was $3.3 millionAt June 30, 2014, the Company had total assets of $1.3 billion in continuing operations. As of June 30, 2014, the Company had $767 million of mortgage debt in continuing operations of which $49.2 million related to our joint venture partner share of debt on the Capital Hilton and Hilton La Jolla Torrey Pines. During the second quarter of 2014, all ten of the Ashford Prime Portfolio hotels included in continuing operations were not under renovation.Pro forma RevPAR increased 4.6% to $184.70 for all hotels in the Ashford Prime Portfolio on a 2.9% increase in ADR and a 1.7% increase in occupancyHOTEL EBITDA MARGINS AND QUARTERLY SEASONALITY TRENDSThe Company believes year over year Hotel EBITDA and Hotel EBITDA Margin comparisons are more meaningful to gauge the performance of the Company hotels than sequential quarter over quarter comparisons. Given the substantial seasonality in the Company portfolio, to help investors better understand this seasonality, the Company provides quarterly detail on its Hotel EBITDA and Hotel EBITDA Margin for the Adidas Duramo Red current and certain prior year periods based upon the number of hotels in the Ashford Prime Portfolio as of the end of the current period. As the Company portfolio mix changes from time to time so will the seasonality for Pro forma Hotel EBITDA and Pro forma Hotel EBITDA margin. The details of the quarterly calculations for the previous four quarters for the 10 Ashford Prime Portfolio hotels included in continuing operations are provided in the table attached to this release.RETIREMENT AND NAMING OF NEW CHIEF FINANCIAL OFFICEROn June 13, 2014, David Kimichik, the Company former Chief Financial Officer and Treasurer, retired following a career spanning over 32 years with Ashford Trust and its predecessor. Deric Eubanks, formerly the Company Senior Vice President of Finance, succeeded him as Chief Financial Officer and Treasurer reporting to Ashford Prime Chairman and Chief Executive Officer, Monty J. Bennett.Prior to his role as Senior Vice President of Finance, Mr. Eubanks was Vice President of Investments and was responsible for sourcing and underwriting hotel investments including direct equity investments, joint venture equity, preferred equity, mezzanine loans, first mortgages, B notes, construction loans, and other debt securities. Before joining Ashford Trust, Mr. Eubanks was a Manager of Financial Analysis for ClubCorp, where he assisted in underwriting and analyzing investment opportunities in the golf and resort industries. Mr. Eubanks earned a BBA from Southern Adidas Running Shoes Energy Boost

Adidas Duramo Red

Adidas Duramo Red

Ashford Hospitality Prime, Inc. (NYSE: AHP) ("Ashford Prime" or the "Company") today reported the following results and performance measures for the second quarter ended June 30, 2014. On November 19, 2013, the Company completed its spin off from Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust"), but the Company has presented its prior year financial statements in accordance with GAAP, which requires that historical carve out financial statements be presented. Adidas Originals High Tops Grey

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