• Al Shams Investments, Braemar’s largest shareholder, escalated its activist campaign ahead of the 2026 annual meeting with a threat to nominate a full slate of independent directors and oppose board-backed candidates.
• The investor accused the board of authorizing sales of three hotels that triggered a USD 480 million termination fee payable to a company controlled by chair Monty Bennett.
• Al Shams said it will pursue legal action against directors and Bennett, calling the transaction self-dealing.
• It urged the board to hold the annual meeting immediately so shareholders can replace directors.

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: 202606150900PR_NEWS_USPR_____NY83251) on June 15, 2026, and is solely responsible for the information contained therein.