ITEM 7.01 REGULATION FD DISCLOSURE

On March 20, 2023, Ashford Inc. (the "Company") issued a press release announcing that RED Hospitality & Leisure, LLC, a leading watersports and resort services company, has acquired privately held Alii Nui and Maui Dive Shop, Maui's premier luxury catamaran and diving operation.

A copy of the Press Release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information in this Item 7.01 of this Form 8-K and Exhibit 99.1 attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.





Forward-Looking Statements

Certain statements and assumptions in this Item 7.01 contain or are based upon "forward-looking" information and are being made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties. When we use the words "will likely result," "may," "anticipate," "estimate," "should," "expect," "believe," "intend," or similar expressions, we intend to identify forward-looking statements. Such statements are subject to numerous assumptions and uncertainties, many of which are outside the Company's control. The forward-looking statements included in this Item 7.01 are only made as of the date of this Current Report on Form 8-K. Readers should not place undue reliance on these forward-looking statements. The Company is not obligated to publicly update or revise any forward-looking statements, whether as a result of new information, future events or circumstances, changes in expectations or otherwise.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS





(d)  Exhibits



Exhibit
No.        Description
  99.1       Press Release of the Company, dated March 20, 2023.
104        Cover Page Interactive Data File (embedded within the Inline XBRL document).

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