• Al Shams Investments, holder of about 9.5% of Braemar Hotels & Resorts, launched activist campaign ahead of 2026 annual meeting, seeking to elect new directors.
• Investor urged independent directors to halt further hotel asset sales until shareholders vote, warning divestitures could trigger advisory agreement change-of-control clause.
• Al Shams said clause could require termination payment exceeding USD 480 million to Ashford, Inc., paid before any sale proceeds reach shareholders.
• Letter cited weak shareholder support for incumbent board, warning of legal action if directors proceed with asset sales that enrich external adviser.

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: 202605080912PR_NEWS_USPR_____NY54744) on May 08, 2026, and is solely responsible for the information contained therein.