DALLAS, May 25, 2021 /PRNewswire/ -- Ashford Inc.
(NYSE American: AINC) ("Ashford" or the "Company") today announced
that it recently posted on the Company's website a comprehensive
presentation for investors, which provides significant operational,
financial and strategic updates regarding Ashford and its market
leading portfolio companies.
Ashford is a leading provider of asset management and other
services to companies within the hospitality industry. Ashford's
principals have a long track record of success and many years of
experience investing and operating in the hospitality industry.
Currently, Ashford serves as the advisor to two NYSE-listed real
estate investment trusts, Ashford Hospitality Trust (NYSE: AHT) and
Braemar Hotels & Resorts (NYSE: BHR). Ashford also has a
Products and Services initiative, where it strategically invests in
operating companies that service the industry, and acts as an
accelerator to grow those companies, through both of the advised
platforms and other third parties.
Detailed within the presentation, the Company provides long-term
financial projections for the different segments of its
business. The Company also points out in the presentation
that there are four ways the Company can grow: 1) Recovery of
the hospitality industry and higher hotel revenues; 2) Increase in
assets under management; 3) Growth of third-party business; and 4)
Acquisition or incubation of additional businesses.
The following are additional highlights included in the
presentation, which can be accessed by going to
https://www.ashfordinc.com and clicking on the Investors tab:
- As the only publicly-traded asset manager and service provider
in the Hospitality Industry, and with 113 hotels under asset
management across two publicly-traded REITs, the Company is
uniquely positioned to capitalize on the lodging recovery.
- With 9 market leading product and service companies under one
roof, Ashford's business model provides numerous synergies and
value-creation opportunities.
- Ashford is executing on its strategy to grow third-party
business, where both Remington and Premier are seeing strong
momentum.
"We're excited to publish this investor presentation that walks
through our growth projections for our business over the coming
years," commented Jeremy J. Welter,
Ashford's President and Chief Operating Officer. "As the recovery
in the lodging industry gains momentum, we believe Ashford is
uniquely positioned to outperform. We're excited about the
future prospects for our Company and believe Ashford offers an
appealing investment opportunity."
The Company's senior management is available for calls with
institutional investors to discuss the presentation.
Investors interested to speaking with management are encouraged to
contact Jordan Jennings, Investor
Relations, at (972) 778-9487 or info@ashfordinc.com to schedule a
meeting.
Ashford provides global asset management, investment management
and related services to the real estate and hospitality
sectors.
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,"
"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 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, 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 regain 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.
This overview is for informational purposes only and is not
an offer to sell, or a solicitation of an offer to buy or sell, any
securities of Ashford Inc., or any of its respective affiliates,
and may not be relied upon in connection with the purchase or sale
of any such security, and the information contained herein does not
form part of any prospectus of Ashford Inc. that may be used to
offer or sell securities.
Prior to investing in Ashford, potential investors should
carefully review Ashford's periodic filings with the Securities and
Exchange Commission, including, but not limited to, Ashford's most
current Form 10-K, Form 10-Q and Form 8-K's, including the risk
factors included therein.
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SOURCE Ashford Inc.