SEC opens investigation into hotelier Monty Bennett’s companies

Texas-based Hotelier Monty Bennett and his affiliated companies came under public scrutiny in the spring when they received $68 million in coronavirus-related federal funding, despite having paid out millions in preferred dividends. Now, the U.S. Securities and Exchange Commission has opened an investigation into at least three companies tied to Bennett, the Wall Street Journal reported. They are: Ashford Inc., along with subsidiaries Ashford Hospitality Trust and Braemar Hotels & Resorts Inc. The investigation targets

source https://therealdeal.com/2020/08/04/sec-opens-investigation-into-hotelier-monty-bennetts-companies/