Braemar entered into a limited waiver under its advisory agreement with Ashford and related parties that allows the company, at its discretion and expense, to award cash incentive compensation to the advisor’s employees and other representatives during the first and second fiscal quarters of calendar year 2026. The waiver applies to provisions that would otherwise limit Braemar’s ability to make those cash incentive awards. Braemar also adopted two forms of deferred cash award.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001574085-26-000045), on March 17, 2026, and is solely responsible for the information contained therein.