• Al Shams Investments, Braemar’s largest shareholder, urged outside directors to promptly call the 2026 annual meeting for a board election.
• Demand followed board changes that replaced two outside directors with another Ashford executive, lifting Ashford employees to over 40% of seats.
• Al Shams pointed to 2025 annual meeting voting, citing broad shareholder opposition and proxy advisers recommending votes against directors.
• Activist warned the board is weighing strategic transactions that could trigger payments to Ashford exceeding USD 480 million.
• Letter called for a pause on further hotel divestitures until shareholders elect new directors, citing heightened conflict-of-interest risks.

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: 202606021400PR_NEWS_USPR_____NY73363) on June 02, 2026, and is solely responsible for the information contained therein.