Monty Bennett

• Henderson County

Monty Bennett is a well-known hotel magnate from Dallas, Texas, with an extensive portfolio that spans the United States. As the chairman and CEO of Ashford, Inc., as well as the founder of Ashford Hospitality Trust and Braemar Hotels & Resorts, he leads a team that owns, manages, and operates over 100 hotels. His companies have carved a significant niche in the hospitality industry, making him one of the most prominent figures in the sector. His leadership has not only expanded his business footprint but also established a legacy of excellence in hotel management.

Monty's journey in the hospitality industry began with deep roots that stretch back to the late 1960s. Over the decades, he has transformed the family business from a modest collection of six hotels to a publicly traded entity with more than 130 properties. This expansion includes a diverse range of luxury resorts, high-end hotels, and critical properties in prime locations. Among his many achievements, he and his team now operate 13 resort properties across six states and the U.S. Virgin Islands, all of which reflect his commitment to quality and luxury.

A graduate of Cornell University, Bennett grew up in Houston, Texas, as one of seven children. His upbringing in a large family instilled in him values of hard work and determination, which have driven his success throughout his career. Today, he splits his time between Dallas and Athens, Texas, a small town an hour southeast of Dallas. For over 30 years, Athens has been a second home to him and his growing family, providing a sense of balance and community away from the bustling world of business.

In 2013, Monty founded Braemar Hotels & Resorts. This luxury-focused hotel company operates 13 properties, including notable destinations such as The Ritz-Carlton St. Thomas in the U.S. Virgin Islands and The Ritz-Carlton Lake Tahoe in California. Braemar Hotels & Resorts thrive under his leadership, guided by five core principles: ethics, innovation, profitability, engagement, and tenacity. These principles have shaped the company's vision, ensuring that it remains at the forefront of the luxury hospitality industry while staying true to its foundational values.

Bennett also established Ashford Hospitality Trust in 2003, a publicly traded real estate investment trust (REIT) that primarily focuses on upscale, full-service hotels. With more than 110 properties in its portfolio, Ashford Hospitality Trust includes signature properties like The Ritz-Carlton Atlanta, the W Hotel Atlanta, and the Renaissance Nashville Hotel. His strategic leadership has enabled the trust to navigate various market cycles, maintain a disciplined approach to asset management, and build a strong track record of successful transactions.

Both Braemar Hotels & Resorts and Ashford Hospitality Trust operate with the same guiding principles that Monty Bennett has championed throughout his career. In addition to focusing on profitability and innovation, these companies emphasize ethics, community engagement, and philanthropy. Ashford Hospitality Trust is mainly known for its active involvement in charitable initiatives, including its annual Community Service Day, which supports local communities and helps those in need. This philanthropic spirit is a testament to his belief in using business success to give back to society and make a meaningful impact beyond the boardroom.

Learn More: The Importance of Outstanding Hospitality Management