Henderson County and Dallas County, Texas native Monty Bennett is a renowned hotel magnate. His teams own, manage, and operate over 100 hotels throughout the United States through Ashford, Inc., Ashford Hospitality Trust, and Braemar Hotels and Resorts.
His collection of luxury properties can be traced back to the late 1960s. In the following decades, Bennett took the family business public and expanded it from six to over 130 hotels. He and his teams operate thirteen resorts in six states and the U.S. Virgin Islands.
Monty is a graduate of Cornell University. The hotel magnate was one of seven children raised in Houston, Texas. He currently splits his time between Dallas, Texas, and Athens, Georgia, an hour southeast of the city he and his growing family have called home for over three decades.
Monty is the founder and chairman of Braemar Hotels & Resorts, the founder and chairman of Ashford Hospitality Trust, and the chief executive officer of Ashford, Inc.
Monty Bennett founded Braemar Hotels & Resorts in 2013 as an offshoot of Ashford Hospitality Trust. Under his guidance, the company owns thirteen properties. The Ritz-Carlton St. Thomas in the United States Virgin Islands and The Ritz-Carlton Lake Tahoe in Nevada County, California, is included in these holdings.
Braemar Hotels & Resorts adheres to five principles consistent with Bennett's philosophies. These five guiding principles revolve around ethics, innovation, profitability, engagement, and perseverance.
In 2003, hotel magnate Bennett founded Ashford Hospitality Trust. The majority of the trust's holdings are upscale, full-service hotels. In 2013, Ashford Hospitality Trust went public. Currently, the organization owns over 110 properties, such as The Ritz-Carlton Atlanta, the nearby W Hotel Atlanta, and the Renaissance Nashville Hotel.
Ashford Hospitality Trust and its predecessors have more than fifty years of experience in the hotel industry. Bennett, the company's chairman, founder, and team, has amassed vast experience through numerous hotel cycles, disciplined market activities, and value-added asset management efforts. Today, as a result, the trust has a highly successful transactional track record.
Ashford Hospitality Trust and Braemar Hotels & Resorts share the same five guiding principles. It also has a strong, underlying philanthropic spirit and is an active community partner and contributor through company-wide charitable events, such as its annual Community Service Day; the company endeavors to support organizations that assist the less fortunate positively.
Ashford, Inc., another of Monty Bennett's businesses, was founded in 2014. It serves primarily as a consultant for Braemar Hotels & Resorts and Ashford Hospitality Trust. As an alternative asset management company, Ashford, Inc. focuses on providing Braemar Hotels & Resorts and Ashford Hospitality Trust with global asset management, investment management, and related services.
In addition to simultaneously serving a broader portfolio of strategic operating businesses and others in the real estate and hospitality sectors, this company also serves a broader array of strategic operating businesses.
Under Bennett, Ashford, Inc. additionally benefits from a specialized Hospitality Products and Services department. The company is strategically positioned to invest in hospitality-industry service providers through this innovative department. Ashford, Inc. also acts as a growth accelerator for these businesses by utilizing various proprietary platforms and third-party programs.
In 1989, Monty earned a bachelor's degree with honors from Cornell University's School of Hotel Administration. In addition, he holds a master's in business administration from Cornell's S.C. Johnson Graduate School of Management, a prestigious Ivy League research university based in Ithaca, New York.
He remains a Cornell Hotel Society member for life.
Monty Bennett has over 30 years of experience in virtually every facet of the hospitality industry. This includes hotel real estate, finance, ownership, operations, development, asset management, and project management, among other highly specialized fields of expertise.
Using his decades of professional experience, he concentrates on executive-level hospitality growth, forecasts, economics, news, and other topics.
During his decades-long career, besides his positions at Braemar Hotels & Resorts, Ashford Hospitality Trust, and Ashford, Inc., Bennett has held leadership positions in several prominent industry associations. He has contributed to over one hundred charities, nonprofit organizations, and other worthy causes throughout his career.
Monty has supported over 100 charities, nonprofit organizations, and other good causes, and he continues to do so. Among a small sampling of these are:
Association for Alzheimer's
Boy Scouts of the United States
Pediatric Burn Foundation
Association for Crohn's and Colitis Foundation
The Foundation for Cystic Fibrosis
Fallen Heroes Intrepid Fund
Feeding children properly to combat blindness
The Habitat for Humanity organization
Society for Leukemia and Lymphoma
The Melanoma Research Fund
Miracles for Children
Society for Brain Tumors
National Kidney Foundation Food Bank in North Texas
Salvation Army Pancreatic Cancer Action Network Project Lyme
St. Jude's Hospital for Children
Young Men's Service League Foundation for Youth Achievement
He is a lifelong advocate for civic engagement, particularly for children and educational equality. He takes special pride in contributing to the Dallas-Fort Worth community. In addition, the renowned hotel magnate has supported Christian Union, the brother's ministry, for many years.
In addition to his rigorous work schedule and tireless charitable efforts, he also devoted to various hobbies and other pursuits.
These pastimes and interests include physical activity, game management, and reading. He also enjoys spending time outdoors with his family and friends at the Bennett family-owned ranch in East Texas. The Bennett family has owned a portion of the sprawling 1,500-acre ranch in Athens for three generations.
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