Ashford Securities
Ashford Securities LLC (“Ashford Securities”), a wholly-owned subsidiary of Ashford Inc. (NYSE American: AINC) (“Ashford”), today announced the closing of the offering for the Series E & M Redeemable Preferred Stock of Braemar Hotels & Resorts Inc. (NYSE: BHR) (“Braemar”).
Ashford Securities, as dealer manager for the offering, placed $460 million of the Series E & M Redeemable Preferred Stock Offering.
“We are proud of the platform we have built out over the last three years,” commented C. Jay Steigerwald III, President of Ashford Securities. “The key to our success is the high-quality people we have at Ashford Securities and the confidence of our broker dealer and RIA partners. We look forward to building on the success of the Braemar offering and raising capital for Ashford Hospitality Trust, Inc. (NYSE: AHT) through the issuance of its Series J & K Redeemable Preferred Stock Offering.”
About Ashford Securities LLCx
Ashford Securities, member FINRA/SIPC, is an SEC-registered broker-dealer that is whollyowned by Ashford and serves as the distributor for investment products within the Ashford group of companies.
About Braemar Hotels & Resorts Inc.
Braemar is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts. 2 About Ashford Hospitality Trust, Inc. Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.
About Ashford Inc.
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.
