Ashford Inc. names new president, chief operating officer

Core Insights - Ashford Inc. has appointed Hector Sanchez as president and Eric Batis as chief operating officer, effective immediately [1][2] - Sanchez aims to strengthen the asset management platform and drive growth across real estate businesses for advised REITs and third-party clients [2] - Batis will oversee daily operations and focus on acquisition strategy and operational oversight to enhance performance in the hospitality sector [5] Leadership Background - Sanchez previously served as head of real estate development and CEO of Ashford's subsidiary Premier, where he managed a development pipeline valued over $1 billion [3] - Batis was the executive vice president of operations at Ashford and has a background in real estate valuation and advisory services [4] Company Developments - Ashford Hospitality Trust recently sold three assets for nearly $70 million, and Braemar Hotels & Resorts is in the process of being sold [5] - The appointments of Sanchez and Batis follow the departure of former president and COO Jeremy Welter in July 2022 [6]