ASHFORD ANNOUNCES TERMINATION OF SEC INVESTIGATION

Rhea-AI Summary

Ashford announced the conclusion of an SEC investigation into the company, stating that the SEC enforcement staff does not intend to recommend any action against Ashford, Braemar Hotels & Resorts, and Ashford Hospitality Trust. This investigation's closure is a significant relief for the companies, affirming their compliance with regulatory standards. Ashford operates in alternative asset management, focusing on real estate and hospitality sectors, providing various asset and investment management services.

Positive

• Conclusion of SEC investigation with no recommended action.
• Affirms compliance with regulatory standards.

Negative

• None.

DALLAS, Jan. 18, 2022 /PRNewswire/ -- Ashford Inc. (NYSE American: AINC) ("Ashford" or the "Company") today announced that it has received a letter from the Securities and Exchange Commission ("SEC") stating that the SEC's investigation is concluded, and that the SEC enforcement staff does not intend to recommend any action by the SEC against Ashford. Braemar Hotels & Resorts Inc. (NYSE: BHR) and Ashford Hospitality Trust, Inc. (NYSE: AHT) also each received a letter stating that the SEC's investigation is concluded, and that the SEC enforcement staff does not intend to recommend any action against the respective company.

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Ashford is an alternative asset management company with a portfolio of strategic operating businesses that provides global asset management, investment management and related services to the real estate and hospitality sectors.

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SOURCE Ashford Inc.

FAQ

What did Ashford Inc. announce on January 18, 2022?

Ashford Inc. announced the conclusion of an SEC investigation with no action recommended against the company.

What other companies were mentioned in the SEC investigation closure?

Braemar Hotels & Resorts Inc. and Ashford Hospitality Trust, Inc. were also mentioned.

What is the significance of the SEC investigation conclusion for AINC and AHT?

The SEC investigation's conclusion signifies regulatory compliance and removes uncertainty for investors.

How does the SEC's decision affect shareholders of BHR?

The SEC's decision to not recommend action potentially increases confidence among shareholders of Braemar Hotels & Resorts.