---
schema_version: "secwatch.filing_event.v1"
accession: "0001604738-23-000035"
form_type: "8-K/A"
ticker: null
cik: "0001604738"
company_name: "Ashford Inc."
filed_at: "2023-06-01T23:59:59+00:00"
generated_at: "2026-06-14T09:23:14.912989+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Ashford Inc. completes $11M acquisition of Maui watersports operator Alii Nui

## Summary
- Total purchase price $11.0M: $8.0M cash, $1.0M contingent consideration, $2.0M in RED preferred units.
- Net assets acquired $11.3M; includes $736K goodwill, $1.6M trade name, $6.25M state operating license (20-yr amort.).
- Contingent consideration of $1.0M tied to obtaining a marine vessel permit; $500K due on permit date, $500K at 18-month holdback.
- Acquisition completed March 17, 2023; revenue, earnings, and assets not significant to Ashford's consolidated financials.

## SEC filing metadata
- accession: 0001604738-23-000035
- form_type: 8-K/A
- cik: 0001604738
- company_name: Ashford Inc.
- filed_at: 2023-06-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 9.01, 2.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1604738/000160473823000035/0001604738-23-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1604738/000160473823000035/ainc-20230320.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001604738-23-000035
- JSON: https://secwatch.observer/filing/0001604738-23-000035.json
- Plain text: https://secwatch.observer/filing/0001604738-23-000035.txt

## Key facts
- M&A Transactions
  Ashford Inc. completed an acquisition involving Alii Nui and Maui Dive Shop for $11.0 million (closed 2023-03-17).
  - Action: acquisition
  - Counterparty: Alii Nui and Maui Dive Shop
  - Consideration: $11.0 million
  - Closing: 2023-03-17
  source text: RED completed the transaction to acquire Alii Nui on March 17, 2023 for a total purchase price of $11.0 million, which consisted of $8.0 million in cash (subject to certain adjustments), $1.0 million of contingent consideration and 80,000 preferred units issued by RED issued at $25 per unit for a total liquidation value of $2.0 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1604738/000160473823000035/0001604738-23-000035-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.