Al Shams seeks new independent directors at Braemar annual meeting after $480 million termination fee deal

Braemar Hotels & Resorts, Inc.

Braemar Hotels & Resorts, Inc.

BHR

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  • 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.


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