Al Shams says Braemar hotel sales trigger USD 480 million termination fee windfall for chair Monty Bennett

Braemar Hotels & Resorts, Inc.

BHR

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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.

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