DALLAS, April 1, 2024 /PRNewswire/ -- Ashford Inc. (NYSE American: AINC) ("Ashford" or the "Company") today announced that a Special Committee of independent and disinterested directors has recommended, and its Board of Directors has approved, a plan to terminate the registration of the Company's common stock under the federal securities laws following the completion of a proposed reverse stock split transaction (the "Reverse Stock Split") immediately followed by a forward stock split transaction and to del ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-36400 Nevada 84-2331507 (State or other jurisdiction of incorporation or organization) (IRS employer identification number) 14185 Dallas Parkwa ...

DALLAS, March 1, 2024 /PRNewswire/ --  Ashford Inc. (NYSE American: AINC) ("Ashford" or the "Company") today announced that the NYSE American LLC (the "NYSE American") has accepted the Company's plan of compliance for continued listing on the exchange. As previously reported, on December 20, 2023, the Company received notification (the "Letter") from the NYSE American that it was not in compliance with the continued listing standards set forth in the NYSE American Company Guide (the "Company Guide"). Specif ...

NEWS RELEASE Contact: Deric Eubanks Jordan Jennings Joe Calabrese (972) 490-9600 (972) 778-9487 (212) 827-3772 Chief Financial Officer Investor Relations Financial Relations Board ASHFORD REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS DALLAS, February 29, 2024 - Ashford Inc., an alternative asset management company with a portfolio of strategic operating businesses (NYSE American: AINC) ("Ashford" or the "Company"), today reported the following results and performance measures for the fourth quarter and ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number: 001-36400 ASHFORD INC. (Exact name of registrant as specified in its charter) Nevada 84-2331507 (State o ...

Ashford Inc. (NYSE:AINC) Q3 2023 Earnings Conference Call November 9, 2023 12:00 PM ET Company Participants Jordan Jennings - IR Deric Eubanks - CFO Eric Batis - EVP, Operations Conference Call Participants Jonathan Jenkins - Oppenheimer Operator Good afternoon. My name is Jordan, and I'll be your conference operator today. At this time, I'd like to welcome everyone to the Ashford Inc. Results Conference Call. [Operator Instructions] Jordan Jennings, Director of Investor Relations, you may begin your confer ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number: 001-36400 ASHFORD INC. (Exact name of registrant as specified in its charter) Nevada 84-2331507 (State or oth ...

Financial Data and Key Metrics Changes - The net loss attributable to common stockholders for Q2 2023 was $7.5 million, with adjusted EBITDA reported at $17.8 million [11] - Adjusted net income for the quarter was $12.7 million, translating to an adjusted net income per diluted share of $1.57 [12] - Total advisory fee revenue from Braemar increased by 15.1% compared to the prior year quarter [12] Business Line Data and Key Metrics Changes - INSPIRE generated $41.3 million in audiovisual revenue, a 14.9% increase year-over-year, with adjusted EBITDA of $5.1 million and a 12.3% margin [14] - Remington Hospitality executed eight new third-party hotel management agreements, generating $1.8 million in expected annual revenue, with adjusted EBITDA of $6.7 million and a 44.8% margin [16][17] - RED Hospitality & Leisure reported $9.8 million in revenue, a 27.5% increase year-over-year, with adjusted EBITDA of $2.3 million and a 23.7% margin [19] Market Data and Key Metrics Changes - Braemar's resort portfolio has stabilized in demand and pricing, while urban hotels are recovering due to strengthening corporate and group demand [8] - Ashford Trust ended the quarter with over $344 million in net working capital and has issued over $50 million in non-traded preferred stock [9] Company Strategy and Development Direction - The company aims to grow its assets under management and has a strategy focused on bolt-on acquisitions and capital raising through Ashford Securities, which has raised over $500 million since its launch [7][10][22] - The rebranding of Remington to Remington Hospitality reflects a commitment to innovation and expanding hospitality offerings [16] Management's Comments on Operating Environment and Future Outlook - Management noted that while there is margin pressure due to increased labor costs, overall demand remains healthy, with a shift rather than a decrease in leisure travel demand [32] - The company is optimistic about future opportunities, particularly in the Texas commercial real estate market [23] Other Important Information - Braemar has completed three acquisitions during the cycle, including high-profile properties like the Ritz-Carlton Reserve in Puerto Rico [8] - The company is actively pursuing growth opportunities in Hawaii through its recent acquisition of Alii Nui [20] Q&A Session Summary Question: Can you discuss the labor market and wage growth? - Management indicated that while there are some open positions, they are not seeing a significant increase in the number of positions needed to fill, but labor costs are rising [26][27] Question: What drove the increase in third-party engagements for Premier? - The increase is attributed to a recovery from the pandemic, with many projects now coming to fruition, primarily in hospitality and multifamily sectors [28][30] Question: Is there any softness in leisure demand? - Management stated that demand remains generally healthy, with any softness being a shift in options available to leisure travelers rather than a decrease in overall demand [31][32]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR Commission file number: 001-36400 ASHFORD INC. (Exact name of registrant as specified in its charter) Nevada 84-2331507 (State or other jurisdiction of incorporation or organization) (IRS employer identification number) 14185 Dallas Parkway Suite 1200 Dallas (Address of principal executive ...

Ashford Inc. (NYSE:AINC) Q1 2023 Earnings Conference Call May 3, 2023 12:00 PM ET Company Participants Jordan Jennings - Investor Relations Deric Eubanks - Chief Financial Officer Eric Batis - Executive Vice President, Operations Conference Call Participants Bryan Maher - B Riley Operator Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to the Ashford Incorported First Quarter 2023 Results Conference Call. At this time all participants are in a listen-only mode. A question-and-an ...