Ashford hospitality trust announces property-level workforce adjustments and expense reductions

Dallas , march 20, 2025 /prnewswire/ -- ashford hospitality trust, inc. (nyse: aht) ("ashford trust" or the "company") announced today that remington, its largest property manager, has fully implemented property-level headcount reductions, reduced travel expenses, changed the pto policy for field associates, and reduced contracted services and centralized expenses allocated to the company's properties as part of its ongoing efforts to enhance hotel ebitda. these strategic moves reflect remington's commitment to helping ashford trust execute on "gro aht," the company's transformative initiative, aimed at driving $50 million in annual run-rate ebitda improvement and significantly increasing shareholder value.
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