ASHFORD HOSPITALITY TRUST ANNOUNCES $17 MILLION ADVISORY FEE WAIVER, SHARE PURCHASE COMMITMENT FROM ASHFORD INC. AND TERMINATION OF ATM PROGRAM
Ashford Hospitality Trust (AHT) announced a $17M advisory fee waiver by Ashford Inc. for six months and a commitment to buy 2.5% of AHT's outstanding shares quarterly. The company also terminated its at-the-market equity offering program. The moves aim to bolster liquidity and align advisor interests with shareholders. AHT expects the fee waiver to save $2.60 per share.
