Welcome to our dedicated page for Ashford news (Ticker: AINC), a resource for investors and traders seeking the latest updates and insights on Ashford stock.
Ashford Inc. (NYSE Mkt: AINC) is a publicly traded third-party asset manager and service provider to the hospitality industry, managing over $6 billion in assets. Ashford Inc. serves as the external manager for Ashford Hospitality Prime (NYSE: AHP) and Ashford Hospitality Trust (NYSE: AHT). Ashford Hospitality Prime focuses on high RevPAR luxury, upper upscale, and upscale hotels in gateway and resort locations, whereas Ashford Hospitality Trust invests opportunistically in full-service upscale hotels with RevPAR generally less than twice the U.S. national average.
Ashford Inc. operates in various segments including Advisory, Remington, Premier, INSPIRE, RED, and OpenKey. The Advisory segment provides asset management and advisory services. Remington offers hotel management services and is the company's largest revenue generator. The INSPIRE segment offers event technology and creative communication solutions. Additionally, Ashford Inc. generates most of its revenue from the U.S. while maintaining a presence in Mexico and other countries.
Recent achievements include significant capital raises by Ashford Securities, a wholly-owned subsidiary of Ashford Inc., which has raised over $500 million within two years. The company also continues to manage high-profile broker-dealer and RIA relationships, expanding its market reach in the investment community.
Financially, Ashford Inc. faces challenges, including a stockholder deficit of $295.7 million as of September 30, 2023. However, it remains compliant with NYSE American listing standards and has a plan to regain compliance fully by June 2025. The company continues to engage with the market through regular earnings releases and conference calls, providing updates on its financial performance and strategic initiatives.
Read more about their compliance efforts and the latest earnings releases.
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.
FAQ
What is the current stock price of Ashford (AINC)?
What is the market cap of Ashford (AINC)?
What is Ashford Inc.'s core business?
Which companies does Ashford Inc. manage?
What are the main business segments of Ashford Inc.?
Where does Ashford Inc. generate most of its revenue?
What recent financial achievements has Ashford Inc. accomplished?
Is Ashford Inc. compliant with NYSE American listing standards?
What services does the Remington segment offer?
How can I get more information about Ashford Inc.'s financial performance?
Has Ashford Inc. faced any financial challenges recently?
What is Ashford Securities' role within Ashford Inc.?
