Ashford Inc. Chief Financial Officer and Treasurer Deric Eubanks will retire in June after a 23-year career with the company, Ashford announced Friday.
Eubanks will step down as CFO of the company and its advised real estate investment trusts, Ashford Hospitality Trust and Braemar Hotels & Resorts, effective March 31. He will stay on to assist the company as senior managing director until June 30 to ensure a smooth transition, according to a release.
In a statement, Eubanks said that, ahead of his retirement, he is “committed to supporting the sale process for Braemar and the ongoing asset dispositions at Ashford Trust.” He added that he “will not consider my work here done until those processes are well in hand.”
Braemar initiated a sale process in August, at which time real estate experts told Hotel Dive the REIT was seeking to address issues with governance and shareholder value.
During a fourth-quarter 2025 earnings call last month, Braemar CEO Richard Stockton said that while the process is underway, “there’s no deadline or definitive timetable set” for the sale’s completion, and “there can be no assurance that this process will result in the sale of the company or its assets.”
When Eubanks steps down later this month, Justin Coe, Ashford’s current chief accounting officer, will assume the role of principal financial officer of the company and its advised REITs, per the release.
“I have tremendous confidence in the leadership team that will carry this organization forward,” Eubanks said. “Justin and the broader team are exceptionally capable, and I leave knowing the Company is in very good hands.”
Eubanks’ departure comes after Ashford Inc. appointed Hector Sanchez as president and Eric Batis as chief operating officer in November.
