Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
ASHFORD HOSPITALITY TRUST INC
   2. Issuer Name and Ticker or Trading Symbol
Ashford Hospitality Prime, Inc. [AHP] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
14185 DALLAS PARKWAY SUITE 1100		 3. Date of Earliest Transaction (Month/Day/Year)
07/27/2015
(Street)

DALLAS, TX 75254		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/27/2015   J(1)   4,143,324 A (1) 4,143,324 D  
Common Stock 07/27/2015   J(2)   4,143,324 D (2) 0 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Limited Partnership Units $ 0 07/27/2015   J(3)     834,528.2   (4)   (4) Common Stock 834,528.2 $ 0 4,143,324.9 D  
Limited Partnership Units $ 0 07/27/2015   J(5)     4,143,324.9   (4)   (4) Common Stock 4,143,324 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
ASHFORD HOSPITALITY TRUST INC
14185 DALLAS PARKWAY SUITE 1100
DALLAS, TX 75254		     X    

Signatures

 By: /s/ DAVID A. BROOKS, Chief Operating Officer   07/27/2015
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Represents shares of common stock issued by the Issuer in connection with the Issuer's redemption of 4,143,324.9 Limited Partnership Units ("Units") of Ashford Hospitality Prime Limited Partnership, the Issuer's operating subsidiary (the "Issuer OP"). Such Units were redeemable, at the option of the Issuer, for 4,143,324 shares of the Issuer's common stock on a one-for-one basis, while rounding down fractional Units.
(2) The Reporting Person distributed the shares of common stock of the Issuer that it received in connection with the redemption of the Units to the Reporting Person's common stockholders of record as of the close of business on July 20, 2015, pro rata and for no consideration. The Reporting Person did not distribute any fractional shares, and fractional shares were aggregated and sold on the open market with the proceeds being distributed to the Reporting Person's common stockholders that would otherwise be entitled to such fractional shares.
(3) On July 27, 2015, Ashford Hospitality Limited Partnership, the Reporting Person's operating subsidiary (the "Operating Partnership"), distributed, on a pro rata basis, all of such Units it directly held to the holders of common units of the Operating Partnership, including the Reporting Person. The number of Units reflected as owned directly by the Reporting Person following such transaction represents the number of Units received by the Reporting Person in such distribution and were, along with the Units distributed to the other common unit holders of the Operating Partnership, previously reported by the Reporting Person as being indirectly owned.
(4) The Units became convertible into cash or, at the option of the Issuer, shares of the Issuer's common stock on November 19, 2014. The Units have no expiration date.
(5) The remaining Units were redeemed by the Issuer on July 27, 2015, for 4,143,324 shares of the Issuer's common stock. Such transaction is further reflected in Table I above (see also footnote 1).

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