Ashford Hospitality Trust announced that its Board of Directors has approved significant reductions to board and management compensation as part of its broader 'GRO AHT' initiative. This transformative strategic initiative, launched in December 2024, aims to drive $50 million in annual run-rate EBITDA improvement.
Compensation for board members was reduced by 50%, and the Board of Directors has been reduced from nine members down to seven. Additionally, incentive awards granted to executive management and other associates have been reduced by more than 50% in aggregate relative to recent years.
Ashford Trust expects these changes to result in over $11 million in incremental EBITDA, reinforcing the company's commitment to financial discipline and operational efficiency. Combined with previously announced ancillary revenue initiatives, the company expects to realize over $14 million in incremental EBITDA towards its $50 million goal.
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