Ashford Inc. waives six months of advisory fees for Ashford Trust, saving about $17 million
AHT•Ashford Inc. waived six months of base and incentive advisory fees for Ashford Hospitality Trust on October 20, 2026, saving approximately $17 million. It also committed to quarterly open-market purchases equal to 2.5% of outstanding common stock, with the first purchases due by March 31, 2027.
1. Fee waiver and purchases
Ashford Inc. waived six months of base and incentive advisory fees for Ashford Hospitality Trust, a savings of approximately $17 million. The waiver is not a deferral. The advisor also committed to quarterly open-market purchases equal to 2.5% of outstanding common stock, starting with the quarter ended September 30; no shares have been purchased under the agreement, and the first purchases must be completed by March 31, 2027.
2. Shortfall credit
For each share not purchased, Ashford Inc. will provide an advisory-fee credit worth 150% of the six-month volume-weighted average stock price.
