Ashford Inc. announced that On December 5, 2023, Mark Nunneley, Chief Accounting Officer of the company, announced to the Board of Directors (the ? Board ?) of the Company his intention to voluntarily step down from his role as the Chief Accounting Officer and all other positions he holds with the Company and its subsidiaries, affiliated entities, and entities that it advises to become Senior Managing Director of the Company on a full-time basis, in which role he will provide strategic advice to the Company and be responsible for special projects as requested by the Company. Mr. Nunneley?s transition will be effective December 31, 2023 (the ?

Effective Date ?). On December 7, 2023, Justin Coe, the Company?s current Senior Vice President of Accounting, was appointed to fill the role of Chief Accounting Officer at the Company, effective January 1, 2024. Mr. Coe, age 40, has served as the Company?s Senior Vice President of Accounting since July 2015.

As Senior Vice President of Accounting, Mr. Coe was responsible for overseeing most of the accounting functions for the Company and each of its advised platforms, including Ashford Hospitality Trust Inc. and Braemar Hotels & Resorts Inc. Such functions include tax, financial reporting, corporate controller, portfolio accounting, internal audit, information systems, acquisitions and special projects. Prior to joining the Company, Mr. Coe was a Senior Manager at Ernst & Young LLP and served since 2006 in various Assurance and Advisory roles for public and private companies in the airline, real estate, medical device and other industries domestically and internationally. Mr. Coe holds Bachelor of Business Administration and Master of Accountancy degrees from Texas State University ?

San Marcos and is a licensed certified public accountant (CPA) in the state of Texas.