Braemar top shareholder Al Shams urges 2026 annual meeting to elect new directors

Braemar Hotels & Resorts, Inc.

Braemar Hotels & Resorts, Inc.

BHR

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  • 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.


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