Ashford Hospitality ( (AHT) ) has issued an announcement.
On March 20, 2025, Ashford Hospitality Trust announced that its largest property manager, Remington, has implemented several cost-cutting measures, including headcount reductions and reduced travel expenses, as part of the company’s ‘GRO AHT’ initiative. These efforts are expected to contribute over $11 million in incremental Hotel EBITDA, aligning with Ashford Trust’s strategic vision to optimize performance and create long-term shareholder value, with a goal of achieving $50 million in annual run-rate EBITDA improvement.
More about Ashford Hospitality
Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper-upscale, full-service hotels.
YTD Price Performance: -2.01%
Average Trading Volume: 36,706
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $41.26M
For detailed information about AHT stock, go to TipRanks’ Stock Analysis page.