BHR - Ashford's wholly owned subsidiary raises $2.1M for its first investment product

Ashford Securities, wholly-owned subsidiary of Ashford (NYSE:AINC), received strong interest from the investment community for its recently launched product (July 9), Braemar Hotels and Resorts (NYSE:BHR) Redeemable Non-traded Series E (brokerage shares) and Series M (advisory shares) Preferred Stock. Ashford Securities has already raised $2.1M+ in total capital, including $1.6M+ from 10 syndicate member firms at the first retail close and an additional $500k from friends and family investors. Ashford shares trading 1.7% down premarket

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Ashford's wholly owned subsidiary raises $2.1M for its first investment product