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ASHFORD HOSPITALITY TRUST ANNOUNCES APPROVED REDUCTION IN BOARD AND MANAGEMENT COMPENSATION

  • Ashford Hospitality Trust announced reductions in board and management compensation as part of its "GRO AHT" initiative.
  • Compensation for board members was cut by 50%, and the Board of Directors was reduced from nine members to seven.
  • The company anticipates over $11 million in incremental EBITDA from these changes, advancing towards a $50 million improvement goal.
  • Ashford Hospitality Trust aims to enhance financial results and shareholder value through strategic initiatives and collaboration with its property managers and advisor, Ashford Inc.
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Chippewa HeraldChippewa Herald
+16 Reposted by 16 other sources

ASHFORD HOSPITALITY TRUST ANNOUNCES APPROVED REDUCTION IN BOARD AND MANAGEMENT COMPENSATION

DALLAS, Feb. 27, 2025 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") announced today that the Board of Directors has approved significant reductions to board and management compensation as part of its broader "GRO AHT"…

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Can Ashford Trust's Massive 50% Executive Pay Cut Deliver on Its $50M EBITDA Promise?

AHT slashes board size and executive compensation as part of broader initiative targeting $50M in annual EBITDA improvements, with $14M already identified.

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The Missourian broke the news in on Thursday, February 27, 2025.
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