DALLASAug. 26, 2021 /PRNewswire/ — Ashford Inc. (NYSE American: AINC) (“Ashford” or the “Company”) today announced that one of its Products and Services companies, RED Hospitality & Leisure (“RED Hospitality”), has entered into an agreement to provide resort services that includes watersports, as well as beach and recreation operations to the new Ritz-Carlton Turks & Caicos resort.

Located at the pristine Grace Bay Beach, on the northeast coast of the island of Providenciales, the agreement with The Ritz-Carlton Turks & Caicos marks RED Hospitality’s inaugural expansion into the Turks and Caicos Islands. RED Hospitality is pleased to announce the arrival of its newest watercraft asset, The Lady Grace catamaran.  The 5-star Lady Grace Signature Catamaran Experience will provide guests with a curated, luxurious experience, designed to create life-long memories by providing best-in-class service, while developing customer brand loyalty.  Guests will enjoy luxurious snorkel sails, thrilling sunset sails and unforgettable private charter experiences.

“We couldn’t be more proud to expand our relationship with The Ritz-Carlton brand,” said Chris Batchelor, RED Hospitality’s Chief Executive Officer. “The Ritz-Carlton Turks & Caicos is the island’s premier resort and conference center, and Turks and Caicos is a magical destination with tremendous unserved demand. We’re launching a suite of luxury experiences and watersports activities that have never been offered before in the Turks and Caicos market and look forward to a great relationship with this property and the Island for many years to come.”

Jason Campbell, RED Hospitality’s Vice President of Operations will lead RED Hospitality’s on-property team at The Ritz-Carlton Turks & Caicos. In addition to beach and watersports services, which include kayaks, stand-up paddle boards, and a Hobie Cat Sailing Academy, RED Hospitality will also provide Tour and Activity Desk Concierge services to its customers. Additionally, as part of its expansion into Turks and Caicos, RED Hospitality is committed to further increasing visibility for its brand and service culture, as well as engaging in local community initiatives.

Ashford provides global asset management, investment management and related services to the real estate and hospitality sectors.