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.
Braemar Hotels & Resorts (NYSE: BHR) announced the conclusion of an SEC investigation without any recommended actions against the company. Both Ashford Hospitality Trust (NYSE: AHT) and Ashford Inc. (NYSE American: AINC) received similar letters confirming the closure of their investigations. This news signifies a positive outcome for all three companies, allowing them to move forward without pending legal concerns.
Ashford Inc. (NYSE American: AINC) has announced its earnings release for the fourth quarter ending December 31, 2021, set for February 24, 2022, after market close. A conference call will follow on February 25, 2022, at 12:00 p.m. ET, where management will discuss the results. Investors can participate in the call at (201) 493-6725, with a replay available until March 4, 2022. The live broadcast will also be accessible on Ashford's official website. The company specializes in alternative asset management within the real estate and hospitality sectors.
Ashford Securities, a subsidiary of Ashford (NYSE American: AINC), announced the appointment of Bart Malcom as Senior Vice President, Head of Due Diligence. In this role, Bart will oversee due diligence for Ashford's alternative investment products, bringing 25 years of financial services experience. His responsibilities include analyzing offering documents and engaging with third-party firms. Bart expressed excitement about joining Ashford, noting the company’s growth potential as the U.S. emerges from the pandemic.
Ashford Securities, a subsidiary of Ashford, reports $21.3 million in sales of Series E and Series M Redeemable Preferred Stock for November 2021. The strong performance is attributed to institutional investments totaling around $20 million. Since the offering launch on July 9, 2021, Braemar has raised over $33 million. The company is expanding its syndicate of broker-dealers and RIA firms to enhance capital-raising efforts. The press release also warns of various risks affecting future performance, including COVID-19 impacts and compliance challenges.
Ashford announced that its management will ring the NYSE Opening Bell on October 13, 2021, coinciding with its 2021 Investor & Analyst Day. The event will feature live television coverage starting at 9:30 a.m. ET. Ashford specializes in global asset and investment management for real estate and hospitality. The company also cautioned investors about forward-looking statements regarding its future performance, highlighting risks like COVID-19 impacts, SEC investigation outcomes, and compliance with NYSE standards.
Ashford announced an Investor & Analyst Day on October 12, 2021, in New York City at the Park Lane Hotel. The event will be available via a live webcast on the Company's website, with a replay accessible for one year post-event. Institutional investors and analysts can contact Jordan Jennings for attendance inquiries. Ashford specializes in global asset and investment management services in the real estate and hospitality sectors. This announcement includes forward-looking statements affected by various risks and uncertainties that could impact future performance.
Ashford Inc. (NYSE American: AINC) has announced a strategic rebranding of its subsidiary J&S Audio Visual, now named INSPIRE. This change reflects INSPIRE's commitment to providing innovative event technology solutions. Established in 1986, INSPIRE has become a premier event production services provider, operating in over 100 hotels and convention centers across the U.S., Mexico, and the Caribbean, producing more than 2,500 events annually. The rebrand aims to highlight INSPIRE's growth potential and dedication to creating inspirational experiences for clients.
J & S Audio Visual has rebranded as INSPIRE, marking a significant change after 35 years in the industry. This new name reflects the company’s commitment to creating inspirational events, supported by advanced technology and exceptional service. With a presence in over 100 hotels and convention centers across the US, Mexico, and the Caribbean, INSPIRE conducts over 2,500 events annually. CEO Chuck Bauman emphasized the focus on client stories and visions, reinforcing their role as trusted partners in delivering unique event experiences.
Ashford is set to announce its third-quarter earnings results on October 27, 2021, following the market closure. A conference call will occur the next day, October 28, 2021, at 12:00 p.m. ET. The call can be accessed at (201) 493-6725, with a recording available until November 4, 2021. The event will also be streamed live on Ashford's official website. The company continues to provide asset and investment management services in the real estate and hospitality sectors.
Ashford announced that it has regained compliance with NYSE American listing standards on August 9, 2021. As of August 10, 2021, the '.BC' designation indicating previous noncompliance will be removed from its trading symbol AINC. The company had faced a notice of noncompliance due to not meeting stockholders' equity standards but had complied with the necessary market capitalization and publicly held shares criteria. The company is focused on executing its investment strategy in the hospitality sector, emphasizing future growth potential.
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