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ASHFORD HOSPITALITY TRUST ANNOUNCES REDUCTIONS IN CORPORATE ADMINISTRATIVE & GENERAL EXPENSES - Ashford Hospitality Trust (NYSE:AHT)

  • Ashford Hospitality Trust announced reductions in corporate administrative and general expenses to enhance EBITDA and financial performance.
  • These expense reductions are part of the 'GRO AHT' initiative aimed at achieving $50 million in annual run-rate EBITDA improvement.
  • The Trust expects to achieve over $4 million in annual savings, which supports their operational efficiency goals.
  • The company continues to work with its property managers and Ashford Inc. On initiatives under the 'GRO AHT' strategy.
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ASHFORD HOSPITALITY TRUST ANNOUNCES REDUCTIONS IN CORPORATE ADMINISTRATIVE & GENERAL EXPENSES

DALLAS, March 12, 2025 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced reductions in corporate administrative and general expenses as part of its ongoing efforts to enhance EBITDA and improve financial performance. This…

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BenzingaBenzinga

ASHFORD HOSPITALITY TRUST ANNOUNCES REDUCTIONS IN CORPORATE ADMINISTRATIVE & GENERAL EXPENSES - Ashford Hospitality Trust (NYSE:AHT)

DALLAS, March 12, 2025 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") today announced reductions in corporate administrative and general expenses as part of its ongoing efforts to enhance EBITDA and improve financial performance. This strategic move is a key component of "GRO AHT," the Company's transformative initiative designed to drive $50 million in annual run-rate EBITDA improvement and signifi…

·New York, United States
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Benzinga broke the news in New York, United States on Wednesday, March 12, 2025.
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