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Monty J. Bennett CHIEF EXECUTIVE OFFICER & CHAIRMAN OF THE BOARD

Mr. Bennett is the Founder, Chairman, & Chief Executive Officer of Ashford (NYSE American: AINC) and serves as the Founder & Chairman, of both Ashford Hospitality Trust (NYSE: AHT) and Braemar Hotels & Resorts (NYSE:BHR).

Mr. Bennett is a member of the American Hotel & Lodging Association's Industry Real Estate Finance Advisory Council (IREFAC), the Urban Land Institute's Hotel Council, the Global Advisory Council of Hoftel, a worldwide hotel ownership group, and is on the Advisory Editorial board for GlobalHotelNetwork.com.He is also a member of the CEO Fiscal Leadership Council for Fix the Debt, a non-partisan group dedicated to reducing the nation's federal debt level and on the advisory board of Texans for Education Reform. Formerly, Mr. Bennett was a member of Marriott's Owner Advisory Council and Hilton's Embassy Suites Franchise Advisory Council. Mr. Bennett is a frequent speaker and panelist for various hotel development and investment conferences including the NYU conference and the ALIS conference. Mr. Bennett received the Top-Performing CEO Award from HVS for 2011. This award is presented each year to the CEO in the hospitality industry who offers the best value to shareholders based on HVS's pay-for-performance model. The model compares financial results relative to CEO compensation, as well as a stock appreciation, company growth and increases in EBITDA. Mr. Bennett holds a Master's degree in Business Administration from Cornell's S.C. Johnson Graduate School of Management and received a Bachelor of Science degree with distinction from the School of Hotel Administration also at Cornell. He is a life member of the Cornell Hotel Society.

Mr. Bennett's extensive industry experience as well as the strong and consistent leadership qualities he has displayed in his role as the chief executive officer and a director of Ashford Trust since its inception are vital skills that make him uniquely qualified to serve as the chairman of our Board of Directors.


 
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J. Robison Hays CO-PRESIDENT & CHIEF STRATEGY OFFICER

J. Robison Hays, III has served on our Board since November 2014 and as our Co-President and Chief Strategy Officer since March 2018. 

He also serves as the Chief Strategy Officer of both Ashford Hospitality Trust (NYSE: AHT) and Braemar Hotels & Resorts (NYSE: BHR). Previously, he served as our Chief Strategy Officer since November 2014 and, from our inception to November 2014, Mr. Hays served as our Senior Vice President Corporate Finance & Strategy. He has also served in that capacity for Ashford and Braemar Hotels since April 2013 and for Ashford Trust since 2010. Mr. Hays also serves as Chief Investment Officer of AIM. Mr. Hays has been with Ashford Trust since April 2005. Mr. Hays is responsible for the formation and execution of our strategic initiatives, working closely with our Chief Executive Officer. He also oversees all financial analysis as it relates to the corporate model, including acquisitions, divestitures, refinancings, hedging, capital market transactions and major capital outlays. Prior to 2013, in addition to his other responsibilities, Mr. Hays was in charge of Ashford Trust's investor relations group. Mr. Hays is a frequent speaker at industry and Wall Street investor conferences.

Prior to joining Ashford Trust, Mr. Hays worked in the Corporate Development office of Dresser, Inc., a Dallas-based oil field service and manufacturing company, where he focused on mergers, acquisitions, and strategic direction. Before working at Dresser, Mr. Hays was a member of the Merrill Lynch Global Power & Energy Investment Banking Group based in Texas.

Mr. Hays brings extensive business and finance experience gained while serving as a Senior Vice President, Corporate Finance & Strategy for Ashford Trust, Braemar Hotels and Ashford, as well as his experience with the formation and execution of our strategic initiatives, to our Board of Directors. He earned his A.B. in Politics with a certificate in Political Economy from Princeton University and later studied philosophy at the Pontifical University of the Holy Cross in Rome, Italy.
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Jeremy J. Welter CO-PRESIDENT AND CHIEF OPERATING OFFICER

Mr. Welter is the Co-President and Chief Operating Officer of Ashford (NYSE American: AINC) and the Chief Operating Officer of both Ashford Hospitality Trust (NYSE: AHT) and Braemar Hotels & Resorts (NYSE: BHR). 

Mr. Welter oversees the asset management, capital management, and acquisition underwriting functions for Ashford Trust and Braemar Hotels as well as the operations of Ashford, including both its asset management advisory business and its hospitality products and service business. Mr. Welter is responsible for the growth of Ashford's products and services line of business through strategic acquisitions and investments in businesses that are engaged in providing hospitality products and services and developing and overseeing their operations and growth. He has led the acquisition or investment in OpenKey, J&S Audio Visual, Lismore Capital, Kalibri Labs, PURE Rooms and RED Hospitality and Leisure. 

He previously served as the Executive Vice President, Asset Management for Ashford, Ashford Trust and Braemar Hotels. From August 2005 until December 2010, Mr. Welter was employed by Remington Hotels, LP in various capacities, most recently serving as its Chief Financial Officer. He is a current member of Marriott's Owner Advisor Council and serves as a Board Member for the American Hotel and Lodging Association. From July 2000 through July 2005, Mr. Welter was an investment banker at Stephens, where he worked on mergers and acquisitions, public and private equity and debt capital raises, company valuations, fairness opinions and recapitalizations. Before working at Stephens, Mr. Welter was part of Bank of America's Global Corporate Investment Banking group. Mr. Welter is a frequent speaker and panelist for various lodging investment and development conferences, including the NYU Lodging Conference. Mr. Welter is a dual citizen of the United States and Luxembourg. 

Mr. Welter earned his Bachelor of Science in Economics from Oklahoma State University, where he served as student body president and graduated summa cum laude.
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Deric S. Eubanks CHIEF FINANCIAL OFFICER

Mr. Eubanks is the Chief Financial Officer of Ashford (NYSE American: AINC) and serves as the Chief Financial Officer of both Ashford Hospitality Trust (NYSE: AHT) and Braemar Hotels & Resorts (NYSE: BHR). 

Mr. Eubanks oversees all corporate finance and financial reporting initiatives and is involved in all capital market activities including equity raises and debt financings. He also oversees investor relations. Mr. Eubanks formerly served as the Senior Vice President of Finance. Prior to this role, Mr. Eubanks was Vice President of Investments and was responsible for sourcing and underwriting hotel investments including direct equity investments, joint venture equity, preferred equity, mezzanine loans, first mortgages, B-notes, construction loans, and other debt securities for Ashford Trust. 


Mr. Eubanks has been with Ashford Trust since its initial public offering in August of 2003. He has written several articles for industry publications and is a frequent speaker at industry conferences and industry round tables. Before joining Ashford, Mr. Eubanks was a Manager of Financial Analysis for ClubCorp, where he assisted in underwriting and analyzing investment opportunities in the golf and resort industries. Mr. Eubanks earned a B.B.A. from Southern Methodist University and is a CFA charter holder. He is a member of the CFA Institute and the CFA Society of Dallas-Fort Worth.

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Robert G. Haiman EXECUTIVE VICE PRESIDENT, GENERAL COUNSEL AND SECRETARY

Mr. Haiman is Ashford’s (NYSE American: AINC) Executive Vice President, General Counsel and Secretary, and he serves in the same roles for Ashford Hospitality Trust (NYSE: AHT) and Braemar Hotels & Resorts (NYSE: BHR). 

Prior to joining Ashford in 2018, Mr. Haiman spent 14 years at Remington Hotels, where he oversaw a variety of legal and business initiatives for one of the largest third party hotel management companies in the country. Most recently, Mr. Haiman served as Remington’s Chief Legal Officer, overseeing all legal matters related to Remington’s property and project management businesses. Previously, he led the initiative to develop *The Gallery*, Remington’s collection of independent luxury hotels. Mr. Haiman has been a frequent speaker at various lodging conferences, and he was a founding member of the Board of Directors of the National Association of Condo Hotel Owners. 

From 1996 through 2004, Mr. Haiman was a real estate attorney in the Dallas office of Gibson, Dunn & Crutcher LLP, where he represented owners, lenders and developers in connection with the acquisition, development, financing and sale of commercial, residential and light industrial projects.

Mr. Haiman holds a B.A. degree from Amherst College and a J.D. from Duke University School of Law, where he was a member of the *Duke Law Journal* and the Moot Court Board.
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Mark L. Nunneley CHIEF ACCOUNTING OFFICER

Mr. Nunneley is the Chief Accounting Officer of Ashford (NYSE American: AINC) and serves as the Chief Accounting Officer of both Ashford Hospitality Trust (NYSE: AHT) and Braemar Hotels & Resorts (NYSE: BHR). 

He has served as the Chief Accounting Officer of Ashford Hospitality Trust since May 2003 where he is responsible for the tax, accounting, ad valorem tax and treasury functions. From 1992 to 2003, Mr. Nunneley served as Chief Financial Officer of the Company's predecessor. He previously served as a tax consultant at Arthur Andersen & Company and as a tax manager at Deloitte & Touche. During his career, he has been responsible for the preparation, consultation and review of federal and state income tax, franchise and sales and use tax returns for hundreds of partnerships, corporations and individuals. Mr. Nunneley is also responsible for the ad valorem tax function which includes successfully appealing and receiving refunds in the millions of dollars. Mr. Nunneley is a certified public accountant and is a member of the American Institute of Certified Public Accountants, Texas Society of CPAs and Dallas Chapter of AICPAs.
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Douglas A. Kessler SENIOR MANAGING DIRECTOR

Mr. Kessler is the President and Chief Executive Officer of Ashford Hospitality Trust (NYSE: AHT) and the Senior Managing Director of Ashford (NYSE American: AINC). 

He also previously served as the President of Braemar Hotels & Resorts (NYSE: BHR) and Ashford (NYSE American: AINC). Mr. Kessler has been with Ashford Trust since its formation, having led its IPO, and has served in various other capacities including its Chief Operating Officer. He has spearheaded virtually all of Ashford's key initiatives.

Mr. Kessler has an extensive background with over 30 years of diverse experience across many real estate sectors and operating companies in terms of acquisitions, development, dispositions, finance, asset management, and capital markets. Over those years, Mr. Kessler has served on several corporate boards or executive committees including both the Ashford Trust and Braemar Hotels & Resorts Board of Directors. Previously, Mr. Kessler spent ten years with Goldman Sachs' Whitehall Funds and five years with Trammell Crow.

Mr. Kessler earned both his MBA and BA in Economics from Stanford University.

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