#None #Braemar #Al Shams #Monty Bennett

Al Shams Investments Calls Out Braemar Hotels' Board

Al Shams Investments Limited, the largest shareholder of Braemar Hotels & Resorts Inc. (NYSE: BHR), has recently taken a significant step by addressing an open letter to the independent members of the company’s board of directors. This communication is part of Al Shams' effort to push for new leadership at the upcoming 2026 Annual Meeting of Shareholders, underlining their concerns about the strategic direction of Braemar.

In the letter dated May 8, 2026, Al Shams voiced apprehensions regarding potential hotel divestitures that could trigger substantial financial penalties. Specifically, they highlighted a termination fee in excess of $480 million owed to Ashford Inc., which is controlled by Braemar's Chairman, Monty Bennett. Al Shams is deeply worried that these sales may harm shareholders by prioritizing payments to the external advisor over the interests of the shareholders themselves.

The core of the letter emphasizes the necessity for the independent board members to refrain from rushing into further deals until shareholders can vote for new board members who prioritize their interests. Al Shams cautioned that the current trajectory, focused on selling individual hotel properties, could jeopardize Braemar's shareholder value by triggering