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Ashford Securities, a subsidiary of Ashford Inc. (AINC), reports strong interest in its Series J and K Redeemable Preferred Stock offerings for Ashford Hospitality Trust (AHT). Since launching the offering, Ashford Trust has secured over $13.3 million in sales—including $9.1 million in March 2023. The company has partnered with a syndicate of 27 broker-dealers and RIA firms to support this rollout. C. Jay Steigerwald III, President of Ashford Securities, expressed satisfaction with the early success, indicating robust adoption by independent brokers and RIAs, and optimism for future growth.
Ashford Inc. (NYSE American: AINC) announced its first quarter earnings release for the period ending March 31, 2023. The earnings report will be issued after market close on May 2, 2023, followed by a conference call scheduled for May 3, 2023, at 12:00 p.m. ET. Investors can participate via phone at (201) 689-8263, and a replay will be accessible until May 10, 2023. The company specializes in alternative asset management, offering services primarily in the real estate and hospitality sectors, indicating a focus on strategic growth in these areas.
Ashford Inc. (NYSE American: AINC) announced on March 20, 2023, that RED Hospitality & Leisure has acquired Alii Nui and Maui Dive Shop, enhancing its position in Maui's luxury watersports market. Alii Nui, ranked #1 in Maui and #10 in Hawaii for tour companies, offers high-quality sailing and diving experiences. This acquisition allows RED to expand its fleet and diversify revenue streams, positioning itself for growth in Hawaii. The transaction emphasizes RED's strategy of acquiring high-caliber service providers in niche markets. CEO Chris Batchelor expressed excitement over the integration and the growing demand for luxury watersport experiences.
Ashford Securities LLC, a subsidiary of Ashford Inc. (NYSE: AINC), has successfully closed its offering of Series E & M Redeemable Preferred Stock for Braemar Hotels & Resorts Inc. (NYSE: BHR), raising $460 million. C. Jay Steigerwald III, President of Ashford Securities, praised the team's efforts in creating a strong platform for investment. This capital will support further fundraising for Ashford Hospitality Trust, Inc. (NYSE: AHT) through upcoming Series J & K offerings. Ashford Securities aims to continue leveraging its relationships with broker-dealers and RIAs to enhance capital acquisition in the real estate and hospitality sectors.
Ashford (NYSE American: AINC) announced the release date for its fourth-quarter results ending December 31, 2022. The earnings release will be available on February 22, 2023, after market close, followed by a conference call on February 23, 2023, at 12:00 p.m. ET. Investors can participate by calling (201) 689-8263. A replay will be accessible until March 2, 2023. The quarterly call will also be broadcast live on Ashford's website, providing insights into the company's performance in the real estate and hospitality sectors.
Ashford will release its third-quarter earnings for 2022 after the market closes on November 2, 2022. A conference call is scheduled for November 3, 2022, at 1:00 p.m. ET, accessible by calling (201) 689-8263. A replay will be available until November 10, 2022. The live broadcast can be streamed on Ashford's website, starting at 1:00 p.m. ET.
Ashford Inc. specializes in alternative asset management and provides services to the real estate and hospitality sectors.
Ashford has announced the release of its second-quarter earnings results for the period ending June 30, 2022. The earnings report will be issued after market close on August 3, 2022. Subsequently, a conference call is scheduled for August 4, 2022, at 12:00 p.m. ET, where stakeholders can participate by calling (201) 689-8263. The call will also be available for online listening via Ashford's website. This announcement highlights Ashford's role in global asset management, particularly in real estate and hospitality sectors.
Ashford Securities has promoted Ben Hilgers to Senior Vice President, National Sales Manager, reflecting confidence in his extensive industry experience and leadership potential. Additionally, Seif Refaat becomes Sales Desk Manager, with plans to expand the Dallas team. New hires Jeff Stone and Sean Ryan join as Regional Vice Presidents, contributing a combined 50 years of industry experience. These management changes aim to strengthen the sales force as Ashford Securities approaches its first anniversary of capital raising efforts.