Remington Hotels Promotes Key Leaders and Expands Executive Team

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USA, Dallas, Texas. January 07, 2020

With the November 6, 2019 acquisition of Remington Hotels ("Remington") by Ashford Inc. (NYSE American: AINC), Remington is making several, significant, strategic enhancements to its organizational structure, including the promotion of several key leaders and the expansion of its executive team, to support its eagerly anticipated growth into the third-party management space. The following promotions and recent and future hires, include:

- Promotion of Sloan Dean from Chief Operating Officer to Chief Executive Officer & President

- Promotion of Stan Kennedy from SVP, Operations to Chief Operating Officer

- Appointed of Jarrad Evans as Chief Investment Officer

- Creation of a Chief Commercial Officer role

In addition to the above, Remington Hotels is also expanding its senior leadership team by hiring an SVP, Operations; SVP, Business Development; VP, Food & Beverage Strategy and Execution; and a VP, Engineering.

Says Monty Bennett, Founder, Chairman, & Chief Executive Officer of Ashford, Inc., "I am excited to begin this journey with Ashford, Inc. as the new owner of Remington. And, I am thrilled to hand over leadership of the company to Sloan Dean as Chief Executive Officer & President. Sloan has done a fantastic job guiding Remington forward as Chief Operating Officer over the past two years, implementing numerous operational enhancements, continuing to outperform the market, and shifting the company's culture to be more engaging and empowering of its associates. Sloan is an emerging talent in the hospitality industry, and I'm thrilled to have him as the leader of Remington going forward."

From Sloan Dean, Chief Executive Officer & President, "Remington is the place where passionate people thrive, and I'm excited to get to lead that passion forward in 2020. Also, with recent industry consolidation amongst independent hotel management companies, our focus on expanding our hotel management business to third parties couldn't be better timed. When we show our RPI growth & GOP margins for the past 7 years, owners immediately understand our superior value proposition."

To further highlight the importance of Remington's expansion into the third-party management space, and this new chapter for the company, Remington has redesigned its logo to reflect a more contemporary and enhanced, approach to the business. The new logo respects and honors the company's past, while providing a fresh and modern look.