Ashford Hospitality is in with the inn crowd. A self-administered real estate investment trust (REIT), Ashford owns more than 85 luxury hotel properties representing 17,200 rooms in states primarily on the East Coast, West Coast, and Texas. Most of its properties operate under the upscale and upper upscale Embassy Suites, Hilton, Marriott, Hyatt, Starwood, and Intercontinental Hotels Group brands. In addition to making direct investments in hotels, the REIT also originates loans secured by hotel properties. About 80% of Ashford's revenue comes from its Rooms, while around 15% comes from its food and beverage services.