• Braemar’s board authorized the sale of three hotel properties that triggers a USD 480 million termination fee to a company controlled by chair Monty Bennett.
• Al Shams Investments called the transaction self-dealing, said the obligation exceeds the sales’ net proceeds, cited the REIT’s high leverage.
• Al Shams said Braemar shares fell 15% in two days, trading at USD 2.1, down nearly 90% since the Ashford Hospitality Trust separation.
• Al Shams said it will pursue legal action against directors and Bennett, plans to nominate a full slate for the 2026 annual meeting.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Braemar Hotel & Resorts Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NY83251) on June 15, 2026, and is solely responsible for the information contained therein.