On April 27, 2017, the Board of Ashford Hospitality Prime, Inc. appointed Ms. Sarah Zubiate Darrouzet to the Board of the company. Ms. Zubiate Darrouzet has not been appointed to any committees of the Board. On April 27, 2017, Mr. Douglas A. Kessler resigned from his position as President of the company. Also on April 27, 2017, the Board appointed Mr. Richard J. Stockton as President of the company in addition to his current role as Chief Executive Officer of the company. Mr. Stockton has served as the Chief Executive Officer of the company since November 14, 2016.