This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Ashford Prime's Renaissance Tampa International Plaza Hotel Named Among Florida's Leading Hotels In Conde Nast Traveler

Stocks in this article: AHT

DALLAS, Oct. 22, 2013 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that its Renaissance Tampa International Plaza Hotel has been named in Conde Nast Traveler's annual Readers' Choice Awards for Best Hotels in Florida, released in the November 2013 issue.  The Renaissance is one of the initial hotels to be included in the planned spin-off of Ashford Hospitality Prime, Inc. (" Ashford Prime"). 

Of the 20 Florida properties recognized in the Readers' Choice Awards, the Renaissance Tampa International Plaza was the only Tampa Bay area hotel ranked among Florida's finest.  It tied with the Grand Bohemian in Orlando and Island City House in Key West. 

"We are honored to be recognized in Conde Nast Traveler's 2013 Readers' Choice Awards as one of the leading hotels in Florida by offering our guests an exceptional experience during their stay with us," said Monty J. Bennett, Ashford Trust's Chairman and Chief Executive Officer.  "This also speaks to the rationale behind Ashford Prime, to unlock the embedded value in our highest quality hotel assets.  We expect that creating a new platform with a lower leverage profile and high quality assets will result in a lower cost of capital for Ashford Prime."

Ashford Prime will have a focused investment strategy targeting high RevPAR hotels in major markets.  It will constitute a new public entity whereby Ashford Trust will spin-off an 80% ownership interest in an 8-hotel portfolio, totaling 3,146 rooms (2,912 owned rooms), to holders of the Company's common stock in the form of a taxable special distribution expected to be comprised of common stock in Ashford Prime.  The Company currently expects to complete the spin-off during the fourth quarter of this year.  Additional information can be found in the information statement for Ashford Hospitality Prime that has been filed with the SEC.

The Four Diamond-rated Renaissance Tampa International Plaza hotel is located at 4200 Jim Walter Blvd. in Tampa, Florida.  The 293-room full service hotel features the award-winning Pelagia Trattoria restaurant, a fitness center, outdoor pool and 12,500 square feet of meeting space.  Year to date, the hotel has previously been honored with the following awards:

  • 2013 TripAdvisor Certificate of Excellence
  • 2013 Tampa Bay's Top Workplaces by Tampa Bay Times
  • 2013 U.S. News & World Report's "Best Hotels in the USA"

The Conde Nast Traveler Readers' Choice Survey, begun in 1988, is available through a secure Web site at  This year's tabulations of 79,268 responses were done by Equation Research.  Organization: The questionnaire contains lists of candidates in various categories (Cities, Hotels, etc.).  Candidates must receive a required minimum number of responses to be eligible for a Readers' Choice Award.  Evaluation: Individual candidates are judged on a set of criteria relevant to their category, based on a standard five-point scale: excellent, very good, good, fair, and poor.  The percentage of excellent and very good ratings determines the final score published here.  

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs