Ashford Inc.
ashfordinc.comNo Longer Reporting
The company has not filed an annual or quarterly report since its FY2024 10-K, filed Mar 14, 2025. Its latest SEC filing is a 10-K/A from Apr 16, 2025.
10-K for FY2024, filed Mar 14, 2025
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Provides advisory and asset-management services, hotel operations and renovation work, and event and travel services to hotel owners and other real estate and hospitality clients.
10-K for FY2024, filed Mar 14, 2025Ashford Inc., a Nevada corporation, is an alternative asset management company with a portfolio of strategic operating businesses that…View ↗
We provide: (i) advisory services; (ii) asset management services; (iii) hotel management services; (iv) design and construction services…View ↗
Advisory Services. We are currently the advisor for Ashford Trust, Braemar, Stirling and TSGF L.P. In our capacity as advisor, we are…View ↗
Hotel Management Services. As of December 31, 2024, we provide hotel management services to 50 properties for Ashford Trust, four…View ↗
Design and Construction Services. We provide comprehensive solutions for renovations and construction to substantially all of the hotels…View ↗
Event Technology and Creative Communications Solutions. We provide an integrated suite of audio visual services, including event…View ↗
How Did They Make Money?
Hotel clients pay monthly advisory and hotel-management fees; renovation fees are paid monthly as work is delivered. Event customers typically pay within 30 days, while insurance premiums are generally paid upfront each year.
10-K for FY2024, filed Mar 14, 2025For Ashford Trust, the base fee is paid monthly in an amount equal to 1/12th of 0.70% of Ashford Trust’s total market capitalization plus…View ↗
Hotel management fees revenue is reported within our Remington segment and primarily consists of base management fees, incentive management…View ↗
Design and construction fees revenue primarily consists of revenue generated by our subsidiary, Premier Project Management LLC (“Premier”).…View ↗
Audio visual revenue primarily consists of revenue generated within our INSPIRE segment by providing event technology services, such as…View ↗
Other revenue includes revenue provided by certain of our products and service businesses, including RED. RED’s revenue is primarily…View ↗
$818.2M
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10-K for FY2024, filed Mar 15, 2025
$818.2M ↗
Who Were Their Customers?
Advises Ashford Trust, Braemar, Stirling and TSGF L.P., and provides hotel and related services to those clients and third-party hotel owners. INSPIRE contracts directly with event customers, though the venue may bill them.
10-K for FY2024, filed Mar 14, 2025Advisory Services. We are currently the advisor for Ashford Trust, Braemar, Stirling and TSGF L.P. In our capacity as advisor, we are…View ↗
Hotel Management Services. As of December 31, 2024, we provide hotel management services to 50 properties for Ashford Trust, four…View ↗
Design and Construction Services. We provide comprehensive solutions for renovations and construction to substantially all of the hotels…View ↗
Event Technology and Creative Communications Solutions. We provide an integrated suite of audio visual services, including event…View ↗
INSPIRE generates revenue in various forms depending on the particular product or service provided and the generally accepted market…View ↗
Did Revenues Turn Into Profits?
Not on paper. It lost $3.3M in FY2024, but brought in more cash than it spent: $19.6M of free cash flow.
10-K for FY2024, filed Mar 15, 2025
$14.2MView ↗
10-K for FY2024, filed Mar 15, 2025
−$3.3MView ↗
10-K for FY2024, filed Mar 15, 2025
$19.6MView ↗
How Were They Changing?
Grew. Revenue grew 2.8x in 4 years, from $293.4M in FY2020 to $818.2M in FY2024, about 29% a year.
Additional advisory clients
The advisory business previously served Ashford Trust and Braemar; the latest report also names Stirling and TSGF L.P. as clients.
10-K for FY2021, filed Mar 25, 2022 10-K for FY2024, filed Mar 14, 2025Advisory Services. We are currently the advisor for Ashford Trust and Braemar. In our capacity as the advisor to Ashford Trust and Braemar…View ↗
Advisory Services. We are currently the advisor for Ashford Trust, Braemar, Stirling and TSGF L.P. In our capacity as advisor, we are…View ↗
Insurance services
Insurance policies and claims services are among the listed offerings in the latest report, alongside the services described in the older report.
10-K for FY2021, filed Mar 25, 2022 10-K for FY2024, filed Mar 14, 2025We provide: (i) advisory services; (ii) asset management services; (iii) hotel management services; (iv) design and construction and…View ↗
We provide: (i) advisory services; (ii) asset management services; (iii) hotel management services; (iv) design and construction services…View ↗
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