a with outreach Q&A. the results, welcome and regarding I recent results, begin I provide Jeremy retail an our we'll conclude quarter products hospitality hotel investor and our recent of will Good to Afterward, businesses, regarding results of Securities, raise then will our to it update a Deric our open will for capital. update an review the XXXX. and also we and will will efforts. I discuss by financial brief on platform afternoon, giving formation to dedicated our services of Ashford will up an of fourth discuss for overview our financial update management Remington. our business year of acquisition call our quarterly then provide full and
strong the operating for delivered continued laying success are our We we groundwork fourth quarter, are in platform. pleased with performance and the and of financial the
XXX%. per Adjusted $X.X year quarter, share adjusted revenues was reflects the growth quarter, the XX.X% income prior which over by For increased EBITDA and was $X.XX. million, net
results platform, these we and the is strategy. strong of demonstrate believe Inc. a our growth Ashford benefits
grow place very for of Remington. business. completed we hotel compelling now to November, our is are business management the pieces we closing a Upon the This that In acquisition, Ashford. of transaction believe acquisition in the significantly of all
businesses, we growing structure of existing our advisory create stable space our and positioned in uniquely shareholders. grow With has. one a We have platforms are kind, services no to else our and that unique value our a of and one for products
third-party strategies our AUM, hotel main our two pursuing and separately increase to have businesses, clients. We grow
our formation platform We the raise financial grow LLC, through creation Ashford plan a our dealer late In broker to the of future announced through to to in the platforms. Securities retail Securities. capital AUM dedicated order grow intermediaries we existing September, and of and channel Ashford
or goal preferred Our Types common raised limited non-traded differentiated with to believe for equity, future platforms. equity is mezzanine Ashford us. investment We for convertible not it's market include, a Securities provide preferred products. are fit to, alternative may capital highly but equity, the of debt, natural for REIT
different of its and advised to investors. we not on dedicated on publicly believe ability source having provide platforms have we capital strategies, Also, capital opportunity Additionally, markets. execute a will and unique new additional a is an types dependent that fundraising given experience of lodging Ashford traditional traded the broad platform many Ashford’s for
with fourth statement SEC That become registration the In [indiscernible] a quarter, registration preferred since the filed effective. for statement has non-traded equity.
report be pleased am approved to to Ashford registered dealer. I application Securities’ a broker FINRA recently addition, that In
excited to capital fresh help capital pursue platforms increase raising grow the of end towards term the and our second us long that to are We shareholder will quarter. begin source the over and a value, all of prudently we expect
operating appointed its competitive next as company. we hospitality growth Management industry third-party the position Sloan growth, drive the advisories, in business, Remington owners. done breadth emerging to a a officer stage has Remington, the in talent years. Ashford who the third-party job to over can hospitality for two which as expands Sloan recently is immediately historically CEO the fantastic as of industry. an as is well chief services past Dean offer guiding an of our third-party Regarding Remington adds the pursued scale, for diversification, It not Hotel transaction and the enhanced
enhancements, continuing outperform During culture engaging associates. to company's its he and market, be numerous of operational time, the empowering implemented and that shifting the more to
Sloan about to for business. are team this and of grow our We excited his part the prospects
management contracts three with to hotel strong The third-party initiative new has third-party growth a is Remington already hotel as owners. off start, signed
and our of which businesses, and hotel related management our Lismore Strategically, JSAV, already added Leisure, the of asset OpenKey, stable the Management, Capital. Pure includes Project business, completion Premier with RED acquisition, management to hotel we Hospitality Wellness,
acquire hotels, when construction we include right water all services, sales interior to room services, our architecture, services of visual audio asset project rooms, These key advisory procurement, hotel sports advisory provide these Now, design, have the management, services financing and management, to exclusive property activities. hotel services, hotel those will hotels. management, platforms management, services, services, mobile hypoallergenic
transaction, Also our stock accretion. from common in substantial October, the Deric Trust we XX% will shares additional and of significant extremely this we block we stock provide believed were of details. our long-term XXX,XXX common acquiring complete will provide approximately Ashford pleased as of to Braemar. But purchased
our and the of crisis, pursuing benefits at we committed global Given clearly Ashford management share repurchases, buying track capital stock prudent record strategies. the actively to of remain back Trust understood during financial
Additionally, respective both the Ashford common and Inc. Trust to and the unit Braemar holders. distributed shares of shareholders remaining Ashford
traded advises and approximately currently as Braemar, gross REIT of hotels December XX, XX,XXX XXX assets, together rooms own Ashford billion two XXXX. and platforms, publicly which Ashford $X.X of Trust with approximately
fee high diversified to business scalable Ashford a a has We attractive multiple growth with a platform be fee-based generators. margins. model platform it believe with of
the stable advisor base agreements least the very a the previous cash that the as base base, stipulate XX% at REITs with has level, at flow year’s of a fee. fee it is maintained Additionally,
performance We shareholder on fee base create versus platforms. our price advisory a value maximizing With driven management team’s returns. at incentivizes our their its focus structure peers, incentive shareholder primary the return have fee to share fee in by outperformance REIT total that and Ashford place is based our
and strategic be are continue investments, all we for excited two our the about to of We our prospects for advisory platforms. optimistic
service are and shareholders initiate our deliver channels. to hospitality great believe well superior growth, to meaningful as to adding businesses for see this opportunity also as third-party returns that grow our advised both REITs, positioned platforms. additional through platform investment our by We well We
our On and effort analysts, the side active since we shareholders. meetings XXXX, of focus. base had important interactions we front, existing outreach beginning potential of end, shareholders, relations with areas broadening To an having have that investor are investor sell the hundreds and of believe investor and
very with and in investors. our gave attended, to the number October, annual which and existing also was a opportunity We in Day potential the New share Ashford story Ashford and Investor strategy York of well held us
to effort. Moving continue focus outreach forward, on this will we
turn now to over Deric. call will the I
