Ashford Hospitality Trust Gets $17M Fee Waiver and Quarterly Buyback Pledge From Adviser
Adviser Ashford Inc. will waive about $17 million in fees over six months, commit to quarterly share purchases and end the REIT's ATM equity program.
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what happened
Ashford Hospitality Trust said its adviser, Ashford Inc., will forgo roughly $17 million of advisory fees that would otherwise accrue between November 2026 and April 2027, according to a release carried by TradingView. The company puts the saving at about $2.60 per common share.
Under a separate share purchase agreement, the adviser will buy stock on the open market each quarter in an amount equal to 2.5 percent of shares outstanding. If it falls short, it must provide the company a fee credit at 150 percent of the volume-weighted average price for each missed share. Independent directors approved both agreements. The REIT also terminated its equity distribution deal with Virtu Americas, ending its at-the-market share sales program.
why it matters
For shareholders, the waiver keeps about $17 million inside the company, which may support liquidity. The purchase commitment adds steady demand for the stock, and any shortfall triggers a fee credit tied to the volume-weighted average price. Closing the ATM program removes one route for issuing new shares. The agreement runs for up to three years.
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sources
- ASHFORD HOSPITALITY TRUST ANNOUNCES $17 MILLION ADVISORY FEE WAIVER, SHARE PURCHASE COMMITMENT FROM ASHFORD INC. AND TERMINATION OF ATM PROGRAM — TradingView, 20 October 2026 at 22:15 UTC
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