ASHFORD HOSPITALITY TRUST ANNOUNCES "GRO AHT" INITIATIVE
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Ashford Hospitality Trust has launched the 'GRO AHT' initiative, aiming for significant EBITDA growth and improved shareholder value, with Ashford Inc. as an advisor and a $50 million EBITDA target. Oaktree financing is expected to be paid off by early Q1.
December 17, 2024 | 1:15 pm
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Ashford Hospitality Trust has announced a strategic initiative, 'GRO AHT', to drive significant EBITDA growth and enhance shareholder value. The plan includes a $50 million EBITDA target and aims to pay off Oaktree financing by early Q1.
The 'GRO AHT' initiative is a strategic plan by Ashford Hospitality Trust to significantly increase EBITDA, which is a key financial metric. The involvement of Ashford Inc. as an advisor and the targeted payoff of Oaktree financing by early Q1 are positive indicators for the company's financial health and shareholder value. This is likely to have a positive short-term impact on AHT's stock price.
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