ASHFORD HOSPITALITY TRUST ANNOUNCES REDUCTIONS IN CORPORATE ADMINISTRATIVE & GENERAL EXPENSES

Core Viewpoint - Ashford Hospitality Trust is implementing cost-saving measures to enhance EBITDA and improve financial performance as part of its "GRO AHT" initiative, aiming for a $50 million annual run-rate EBITDA improvement [1][2]. Group 1: Cost-Saving Measures - The company has reduced legal spend, accounting and consulting fees, subscriptions and dues, general office expenses, and consolidated bank fees, expecting over $4 million in annual savings from these initiatives [2]. - Combined with previously announced initiatives, these reductions are projected to deliver more than $18 million in incremental EBITDA [2]. Group 2: Strategic Initiatives - Ashford Hospitality Trust continues to collaborate with property managers and Ashford Inc. on various initiatives under the "GRO AHT" strategy, with further updates to be provided as the plan progresses [3]. - The company focuses on investing predominantly in upper-upscale, full-service hotels as part of its real estate investment trust (REIT) strategy [3].