Ashland Inc.

DALLAS, March 6, 2026 /PRNewswire/ -- Ashford Inc. (the "Company") today announced that Deric Eubanks, Chief Financial Officer and Treasurer, will retire in June following a 23-year career with the Company and its predecessor. Mr. Eubanks will step down as Chief Financial Officer of the Company and the Company's advised REITs, Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust") and Braemar Hotels & Resorts, Inc. (NYSE: BHR) ("Braemar") effective March 31, 2026 and, in order to ensure a smooth transition, will continue to assist the Company, as Senior Managing Director, with financial and transitional matters until June 30, 2026. Afterward, he will continue to remain available as an advisor as needed.

Monty Bennett, Ashford's Chairman, commented, "Deric has been with us since 2003 when we launched Ashford Hospitality Trust. He has played an integral role in our companies over the years and has served as Chief Financial Officer for the past 12 years. What speaks to Deric's character is that even as he prepares for this next chapter, he has been unwavering in his commitment to seeing the strategic processes for both Braemar and Ashford Trust through to completion. That dedication is a reflection of everything he has brought to this organization over the past two decades. I am deeply grateful for his contributions and know he leaves this Company in an exceptionally strong position."

"It has been a remarkable 23-year career, and I could not be more proud of what this team has built," said Mr. Eubanks. "As I look toward retirement, I want to be clear that my focus remains squarely on the work in front of us. I am committed to supporting the sale process for Braemar and the ongoing asset dispositions at Ashford Trust, and I will not consider my work here done until those processes are well in hand. I have tremendous confidence in the leadership team that will carry this organization forward. Justin and the broader team are exceptionally capable, and I leave knowing the Company is in very good hands. The foundation is strong, the strategy is sound, and the people executing it are among the best in the business."

After Mr. Eubanks steps down as Chief Financial Officer, Justin Coe, the Company's current Chief Accounting Officer, will assume the role of Principal Financial Officer of the Company and its advised REITs.

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SOURCE Ashford Inc.

DALLAS, March 2, 2026 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) (the "Company") today announced with great sadness that board member Davinder "Sonny" Sra passed away on February 25, 2026.

The Company's executive chairman of the board Monty Bennett shared, "Sonny was a cherished, long-standing member of the Ashford Group of Companies, and it's impossible to overstate the profound impact he had on our organization. He brought an unmatched passion for the hospitality industry, a tireless work ethic, and genuine care for everyone around him. His loss leaves a void, one that is felt by all of us who had the privilege and joy of calling him a colleague and friend. Our prayers are with Sonny's family and friends, particularly his wife, children, and grandchildren, during this difficult time."

Sonny joined Ashford Hospitality Trust Board of Directors in July 2023, where he served as an independent director. Prior to his board position, he was with Remington Hospitality from 1995 until his retirement in 2020. His 25 years of operational hospitality experience and institutional knowledge brought immeasurable value to the board, and his efforts were instrumental in helping to guide the Company through unprecedented times in the hospitality industry. His infectious smile, positive spirit, and wise counsel will be greatly missed by the Ashford family.

Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.

View original content:https://www.prnewswire.com/news-releases/ashford-hospitality-trust-mourns-the-loss-of-board-member-sonny-sra-302701178.html

SOURCE Ashford Hospitality Trust, Inc.