Companies affiliated with Dallas-based hotelier Monty Bennett are set to receive $46 million in loans from the federal government’s Paycheck Protection Program, despite paying out millions of dollars in preferred dividends. Subsidiaries of Ashford Hospitality Trust, a real estate investment trust, have received $30 million in loans from the federal stimulus package through the Small Business Administration and expect to receive more, according to the Wall Street Journal. The total is the largest loan amount
source https://therealdeal.com/2020/04/22/this-hoteliers-companies-received-millions-in-ppp-funds-while-paying-out-big-dividends/
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