INVESTMENT MANAGEMENT AGREEMENTInvestment Management Agreement • January 25th, 2017 • Ashford Inc. • Services-management consulting services • Texas
THIS INVESTMENT MANAGEMENT AGREEMENT (this “Agreement”), made as of the 19th day of January, 2017, by AHT SMA, LP, a Delaware limited partnership and wholly-owned subsidiary of Ashford Hospitality Trust, Inc. (hereinafter called the “Client”), and ASHFORD INVESTMENT MANAGEMENT LLC, a Delaware limited liability company and indirect subsidiary of Ashford Inc. (hereinafter called the “Manager”).
