Ashford Inc. is a publicly traded (NYSE MKT: AINC) third-party asset manager and service provider to the hospitality industry with more than $6 billion in assets under management. Ashford Inc. currently serves as the external manager for Ashford Hospitality Prime (NYSE: AHP) and Ashford Hospitality Trust (NYSE: AHT). Ashford Hospitality Prime invests primarily in high RevPAR, luxury, upper upscale and upscale hotels in gateway and resort locations. Ashford Hospitality Trust invests opportunistically with a focus on full-service upscale and upper upscale hotels that have a RevPAR generally less than twice the U.S. national average. Ashford Hospitality Prime and Ashford Hospitality Trust have been public companies since November 2013 and August 2003, respectively.