Ashford Inc. announced on April 17, 2024, J. Robison Hays, III, Senior Managing Director of Ashford Inc. (the Company), gave notice of his intention to voluntarily resign from his employment and all other employment-related positions he holds with the Company and its subsidiaries, affiliated entities, and entities that it advises (including in his role as President and Chief Executive Officer at Ashford Hospitality Trust Inc. (Ashford Trust)). Mr. Hay?s resignation is expected to be effective June 30, 2024. There are no current plans to fill Mr. Hays?

role as Senior Managing Director at Ashford.