COVID-19: MGM lays off 4 presidents | Ashford returns PPP loans

Criticized Ashford returning PPP loans Dallas-based Ashford Inc. released a statement Saturday saying it is returning at least US$70 million in Paycheck Protection Program loans under the US$2 trillion U.S. coronavirus economic relief fund. The news came a day after a front-page New York Times story chronicling the loan controversy and Ashford’s operations. On Friday, Ashford Chairman and CEO Monty Bennett said he would not return the money. “While we believed then and continue to believe today that we qualify for PPP loans based on the legislation and rule-making in place at the time our applications were submitted, continuous (Small…
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