DALLAS, Aug. 26, 2021 /PRNewswire/ -- Ashford Inc. (NYSE
American: AINC) ("Ashford" or the "Company") today announced that
one of its Products and Services companies, RED Hospitality &
Leisure ("RED Hospitality"), has entered into an agreement to
provide resort services that includes watersports, as well as beach
and recreation operations to the new Ritz-Carlton Turks &
Caicos resort.
Located at the pristine Grace Bay
Beach, on the northeast coast of the island of
Providenciales, the agreement with The Ritz-Carlton Turks &
Caicos marks RED Hospitality's inaugural expansion into the
Turks and Caicos Islands. RED
Hospitality is pleased to announce the arrival of its newest
watercraft asset, The Lady Grace catamaran. The 5-star Lady
Grace Signature Catamaran Experience will provide guests with a
curated, luxurious experience, designed to create life-long
memories by providing best-in-class service, while developing
customer brand loyalty. Guests will enjoy luxurious
snorkel sails, thrilling sunset sails and unforgettable private
charter experiences.
"We couldn't be more proud to expand our relationship with The
Ritz-Carlton brand," said Chris
Batchelor, RED Hospitality's Chief Executive Officer. "The
Ritz-Carlton Turks & Caicos is the island's premier resort and
conference center, and Turks and Caicos is a magical destination
with tremendous unserved demand. We're launching a suite of luxury
experiences and watersports activities that have never been offered
before in the Turks and Caicos market and look forward to a great
relationship with this property and the Island for many years to
come."
Jason Campbell, RED Hospitality's
Vice President of Operations will lead RED Hospitality's
on-property team at The Ritz-Carlton Turks & Caicos. In
addition to beach and watersports services, which include kayaks,
stand-up paddle boards, and a Hobie Cat Sailing Academy, RED
Hospitality will also provide Tour and Activity Desk Concierge
services to its customers. Additionally, as part of its expansion
into Turks and Caicos, RED Hospitality is committed to further
increasing visibility for its brand and service culture, as well as
engaging in local community initiatives.
Ashford provides global asset management, investment management
and related services to the real estate and hospitality
sectors.
Forward-Looking Statements
Certain statements and assumptions in this press release
contain or are based upon "forward-looking" information and are
being made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements in this press release include, among others, statements
about the Company's strategy and future plans. These
forward-looking statements are subject to risks and uncertainties.
When we use the words "will likely result," "may," "anticipate,"
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statements are subject to numerous assumptions and uncertainties,
many of which are outside Ashford Inc.'s control.
These forward-looking statements are subject to known and
unknown risks and uncertainties, which could cause actual results
to differ materially from those anticipated, including, without
limitation: the impact of COVID-19, including one or more possible
recurrences of COVID-19 case surges that would cause state and
local governments to reinstate travel restrictions and the rate of
adoption and efficacy of vaccines to prevent COVID-19, on our
business and investment strategy; our ability to continue as a
going concern; the timing and outcome of the Securities and
Exchange Commission's investigation; our ability to maintain
compliance with NYSE American LLC continued listing standards; our
ability to regain Form S-3 eligibility; our ability to repay,
refinance or restructure our debt and the debt of certain of our
subsidiaries; anticipated or expected purchases or sales of assets;
our projected operating results; completion of any pending
transactions; our understanding of our competition; market trends;
projected capital expenditures; the impact of technology on our
operations and business; general volatility of the capital markets
and the market price of our common stock and preferred stock;
availability, terms and deployment of capital; availability of
qualified personnel; changes in our industry and the markets in
which we operate, interest rates or the general economy; and the
degree and nature of our competition. These and other risk factors
are more fully discussed in the Company's filings with the
Securities and Exchange Commission.
The forward-looking statements included in this press release
are only made as of the date of this press release. Such
forward-looking statements are based on our beliefs, assumptions,
and expectations of our future performance taking into account all
information currently known to us. These beliefs, assumptions, and
expectations can change as a result of many potential events or
factors, not all of which are known to us. If a change occurs, our
business, financial condition, liquidity, results of operations,
plans, and other objectives may vary materially from those
expressed in our forward-looking statements. You should carefully
consider this risk when you make an investment decision concerning
our securities. Investors should not place undue reliance on these
forward-looking statements. The Company can give no assurance that
these forward-looking statements will be attained or that any
deviation will not occur. We are not obligated to publicly update
or revise any forward-looking statements, whether as a result of
new information, future events or circumstances, changes in
expectations, or otherwise, except to the extent required by
law.
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SOURCE Ashford Inc.