called Ashford Hospitality Prime, the company announced on Tuesday. The
new subsidiary will focus on high-revenue-yielding "full-service and urban select-service hotels and resorts located predominantly in domestic and international gateway trust." Properties in the Ashford Hospitality Prime portfolio include the Capital Hilton in Washington, D.C.; the Marriott Plano Legacy Town Center in Texas; and Courtyard properties in downtown Philadelphia, San Francisco and Seattle.