ASHFORD SECURITIES ANNOUNCES CLOSING OF FIRST INVESTMENT OFFERING PLACING $460 MILLION
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.
- Successful closure of $460 million Series E & M offering for Braemar Hotels & Resorts.
- Strengthened capital position for future fundraising opportunities for Ashford Hospitality Trust.
- None.
"We are proud of the platform we have built out over the last three years," commented C. Jay Steigerwald III, President of
About
About
Braemar is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts.
About
About
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.
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 closing of the offering and Braemar'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 of our 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 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 Braemar's filings with the
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 these risks 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.
View original content:https://www.prnewswire.com/news-releases/ashford-securities-announces-closing-of-first-investment-offering-placing-460-million-301751691.html
SOURCE
FAQ
What was the amount raised in the latest offering by Ashford Securities?
Which companies are involved in Ashford Securities' recent investment offering?
When was the press release issued regarding Ashford Securities' offering?
What future plans does Ashford Securities have after the Braemar offering?
