Ashford returns PPP loans

02:03am, Sunday, 03'rd May 2020
The Ashford Group of Companies said all of its units, including Ashford Inc. (NYSEMKT:AINC), Ashford Hospitality Trust (NYSE:AHT), and Braemar Hotels & Resorts (NYSE:BHR), will return all funds pr
(Adds details from Schumer letter, company statement and background)
The largest recipient of COVID-19 bailout loans announced Saturday he would return all money received through the Paycheck Protection Program.
Ashford Group to return $59 million U.S. payroll loan
The Ashford Group of Companies announced today that all of its companies, including Ashford Inc. (NYSE American: AINC), Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust"), and Braemar Hotel
Blood plasma from recovered patients may hold antibodies produced to fight virus
The president and CEO of Dallas-based Ashford Hospitality Trust is stepping down after the company received pushback over the $30 million it received from the paycheck protection program, part of the
Some of the loans were for many times the $10 million limit; some went to companies with more than 500 employees.
The U.S. travel industry wants the Paycheck Protection Program component of the $2 trillion coronavirus relief package to reflect the monthly reality of small business expenses. Industry groups like t
Braemar Hotels & Resorts (NYSE:BHR) has received a consensus rating of “Hold” from the six ratings firms that are presently covering the company, MarketBeat.com reports. One equities research anal
The Treasury Department says Paycheck Protection Program loans are not meant for “a public company with substantial market value and access to capital markets” and given big borrowers a May 7 dead
The Renaissance Hotel, at 611 Commerce St., contains 673 rooms and employed roughly 400 people before the Covid-19 pandemic.

30 Stocks on a Deathwatch

09:32pm, Tuesday, 28'th Apr 2020
While some organizations will rise to the occasion, these “deathwatch” stocks face a particularly treacherous road ahead.
The backlash against large public companies receiving government PPP loans continues to grow louder.
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