Ashford inc. (amex:ainc) announces an equity buyback for 412,974 shares, representing 16% for $12.39 million.

Ashford inc. (amex:ainc) announces a share repurchase program. under the program, the company will repurchase up to 412,974 shares of its common stock, representing 16% of its issued share capital, for $12.39 million. the shares will be repurchased from ashford hospitality trust, inc. (nyse: aht) and braemar hotels & resorts inc. (nyse: bhr). the shares will be purchased at a price of $30 per share.
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