Ashford Inc. (NYSEAM:AINC) will seek acquisitions. The company announced on April 4, 2022 that it has entered into a new $100 million Corporate Term Loan (the "Loan"). The Loan has an initial term of five years with three, one-year extension options subject to the satisfaction of certain conditions and bears interest at a rate of LIBOR + 7.35%.

At closing, the Company drew down $50 million on the Loan and has the option to draw the additional $50 million over the next 24 months. The proceeds of the Loan will be used to pay off the Company's existing term loan and for general corporate purposes, including potential acquisitions.