DALLAS, March 12, 2018 /PRNewswire/ -- Ashford Inc. (NYSE
American: AINC) (the "Company") today announced several senior
management promotions and changes in executive titles at Ashford as
well as the Company's two advised REIT platforms, Ashford
Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or "Trust")
and Ashford Hospitality Prime, Inc. (NYSE: AHP) ("Ashford Prime" or "Prime"), effective
immediately.
J. Robison Hays III, formerly
Ashford's Chief Strategy Officer, has been appointed Co-President
& Chief Strategy Officer at Ashford. He will retain the
position of Chief Strategy Officer at both Trust and Prime.
Jeremy J. Welter, formerly
Executive Vice President of Asset Management for all three
companies, has been appointed Co-President and Chief Operating
Officer at Ashford and has been named Chief Operating Officer at
both Trust and Prime.
David A. Brooks, formerly Chief
Operating Officer for all three companies, has been appointed to
the newly created position of Chief Transaction Officer for all
three companies. Mr. Brooks will continue in his role as
General Counsel and Secretary for all three companies as well.
Douglas A. Kessler, formerly the
President of Ashford, has been appointed to the newly created
position of Senior Managing Director at Ashford. He will continue
to be the Chief Executive Officer and President of Ashford
Trust.
"We have built a deep and talented senior management team that
continues to deliver strong results," commented Monty J. Bennett, Ashford's Chairman and Chief
Executive Officer. "These individuals have been integral in the
successful execution of our disciplined strategy and I expect they
will continue to contribute to the growth and success of Ashford
and our advised platforms."
Ashford provides global asset management, investment management
and related services to the real estate and hospitality
sectors.
Follow Chairman and CEO Monty
Bennett on Twitter at
www.twitter.com/MBennettAshford or @MBennettAshford.
Ashford has created an Ashford App for the hospitality REIT
investor community. The Ashford App is available for free
download at Apple's App Store and
the Google Play Store by searching "Ashford."
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. These forward-looking
statements are subject to risks and uncertainties. When we use the
words "will likely result," "may," "can," "anticipate," "estimate,"
"should," "expect," "believe," "intend," or similar expressions, we
intend to identify forward-looking statements. Such statements are
subject to numerous assumptions and uncertainties, many of which
are outside Ashford'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: general volatility of the capital markets and the
market price of our common stock; changes in our business or
investment strategy; availability, terms and deployment of capital;
availability of qualified personnel; changes in our industry and
the market in which we operate, interest rates or the general
economy; the degree and nature of our competition; risks associated
with business combination transactions, such as the risk that the
businesses will not be integrated successfully, that such
integration may be more difficult, time-consuming or costly than
expected or that the expected benefits of the acquisition will not
be realized. These and other risk factors are more fully discussed
in Ashford'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. Investors
should not place undue reliance on these forward-looking
statements. 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.
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SOURCE Ashford Inc.