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Luxury Hotel Company Benefits From $40 Million in Small-Business Funds

Apr 22, 2020 - The New York Times

Two real estate investment trusts advised by Ashford Inc. tapped into Paycheck Protection Program funds through a Ritz Carlton in Atlanta and other luxury hotels.

Two real estate investment trusts advised by Ashford Inc. tapped into Paycheck Protection Program funds through a Ritz Carlton in Atlanta and other luxury hotels.

Hotels and luxury resorts that funnel money back to a single company have secured about $40 million in small-business program funding, the latest evidence that la...