ASHFORD HOSPITALITY TRUST ANNOUNCES PROPERTY-LEVEL WORKFORCE ADJUSTMENTS AND EXPENSE REDUCTIONS

Core Insights - Ashford Hospitality Trust is implementing strategic cost reductions through its property manager Remington to enhance Hotel EBITDA, aiming for a $50 million annual run-rate EBITDA improvement [1][2][3] - The expense reductions are projected to generate over$11 million in incremental Hotel EBITDA, contributing to a total of over $30 million per year in incremental EBITDA from various initiatives [2][3] - The company's strategic vision focuses on optimizing performance and creating long-term shareholder value, with ongoing partnerships with property managers and advisors [3][4]