2026-03-17 21:25:07
Ashford Hospitality Trust, Inc. Enters Limited Waiver Under Advisory Agreement
Expected Stock impact: None Expected
On March 13, 2026, Ashford Hospitality Trust, Inc. (the "Company") entered into a Limited Waiver Under Advisory Agreement with its affiliated entities, including Ashford Hospitality Limited Partnership and Ashford TRS Corporation. This waiver allows the Company to award cash incentive compensation to employees and representatives of the Advisor during the first and second fiscal quarters of 2026, despite any provisions in the existing Advisory Agreement that may limit such actions. The Advisory Agreement, which governs the relationship between the Company and its Advisor, allocates responsibilities for employee costs and permits the issuance of equity awards based on the Company's performance. The Limited Waiver is intended to provide flexibility in compensating employees during the specified period, reflecting the Company's commitment to incentivizing performance and aligning interests with its Advisor. This development is part of the Company's ongoing efforts to enhance operational execution and maintain effective governance controls.
