ASHFORD HOSPITALITY TRUST ANNOUNCES $17 MILLION ADVISORY FEE WAIVER, SHARE PURCHASE COMMITMENT FROM ASHFORD INC. AND TERMINATION OF ATM PROGRAM
Key Highlights
- ➤$17 million advisory fee waiver saves approximately $2.60 per common share
- ➤Ashford Inc. commits to quarterly open-market purchases equal to 2.5% of outstanding shares
- ➤Initial quarterly purchase commitment equals approximately 162,000 shares based on 6.47 million outstanding
- ➤Ashford Inc. must provide 150% VWAP fee credit for shares not purchased
- ➤Ashford Hospitality Trust terminates its at-the-market equity offering program
Expert Statements
Amish Gupta, Vice Chairman and Lead Independent Director of Ashford Hospitality Trust
“The independent directors approached these agreements with two goals: improve the Company’s liquidity and put our advisor’s capital alongside our stockholders’”
Amish Gupta, Vice Chairman and Lead Independent Director of Ashford Hospitality Trust
“The fee waiver keeps approximately $17 million in the Company over the next six months. The share purchase agreement goes further. Ashford Inc. has committed to buy our common stock every quarter, and if it falls short, it owes the Company a fee credit worth 150% of the volume weighted average price for every share it did not buy. That structure ties our advisor’s interests directly to those of our common stockholders.”
Hector Sanchez, President of Ashford Inc.
“Ashford Inc. has advised Ashford Trust since 2014, and we are committed to its long-term success”
Hector Sanchez, President of Ashford Inc.
“These agreements put that commitment in concrete terms. We are forgoing six months of fees and investing our own capital in Ashford Trust’s common stock every quarter, alongside its stockholders.”
ASHFORD HOSPITALITY TRUST ANNOUNCES $17 MILLION ADVISORY FEE WAIVER, SHARE PURCHASE COMMITMENT FROM ASHFORD INC. AND TERMINATION OF ATM PROGRAM PR Newswire
DALLAS, Oct. 20, 2026 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT or the "Company") today announced that its advisor, Ashford Inc., has agreed to waive approximately $17 million of advisory fees that would otherwise be earned over the next six months and to purchase 2.5% of the Company's outstanding common stock in the open market each quarter, and that the Company has terminated its at-the-market equity offering program. The fee waiver and the share purchase agreement were approved by the independent members of the Company's Board of Directors. These actions are intended to strengthen the Company's liquidity and further align the interests of its advisor with those of its stockholders.
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