ASHFORD HOSPITALITY TRUST ANNOUNCES APPROVED REDUCTION IN BOARD AND MANAGEMENT COMPENSATION

Core Points - Ashford Hospitality Trust has approved significant reductions in board and management compensation as part of its "GRO AHT" initiative aimed at improving shareholder value and achieving $50 million in annual run-rate EBITDA improvement [1][4] - The compensation for board members has been reduced by 50%, and the board size has decreased from nine to seven members, with executive management's incentive awards also reduced by over 50% [2] - The company anticipates that these changes will generate more than $11 million in incremental EBITDA, contributing to its financial discipline and operational efficiency [2] - Alongside these changes, the implementation of ancillary revenue initiatives is expected to yield an additional $14 million in incremental EBITDA towards the $50 million target [3] - The strategic vision of the company focuses on optimizing performance, enhancing financial results, and creating long-term shareholder value [4] - Ashford Hospitality Trust primarily invests in upper-upscale, full-service hotels as a real estate investment trust (REIT) [5]