Ashford Hospitality Trust's New Push for Growth
Skift Take
Ashford Hospitality Trust introduced the “GRO AHT” initiative to cut overhead, boost revenue, and enhance operational efficiency, thereby driving EBITDA growth and improving shareholder value.
The DJIA was down 268 points, Nasdaq fell 65, the S&P 500 fell 23 points and the 10 year treasury yield was down .01 to 4.39%. For those wondering what happened to the Santa Claus rally this year, we have a feeling the drones took it away.
The Baird Hotel Stock Index was up 9.8% in November, its highest monthly gain of the year. The hotel brand sub-index was up 10% in November while the hotel REIT sub-index was up 8.8%. The month-to-month gains were led by Braemar Hotels & Resorts and Ashford Hospitality Trust, up 25.9% and 23.8% respectively.
For a more detailed understanding of the sector's performance, here is how the Skift Travel 200 Index has performed year over year. Global brands have outperformed REITs throughout the year. :
Ashford Hospitality Trust, Inc. announced the launch of a transformative strategic initiative designed to drive outsized EBITDA growth and substantially
