Ashford Announces $100 Million Corporate Financing Commitment

Ashford Inc. (NYSE American: AINC) ("Ashford" or the "Company") today announced that the Company has entered into a new $100 million Corporate Term Loan (the "Loan"). The Loan has an initial term of five years with three, one-year extension options subject to the satisfaction of certain conditions and bears interest at a rate of LIBOR + 7.35%. At closing, the Company drew down $50 million on the Loan and has the option to draw the additional $50 million over the next 24 months