Braemar Shareholder to Nominate Directors to REIT's Board

Braemar Hotels & Resorts' largest shareholder, Al Shams Investments, announced it intends to nominate 'a complete slate of highly qualified, independent directors' to the board by the September 14 deadline. This comes as Braemar moves to split from Ashford Inc. and become self-managed, with Al Shams previously alleging the decision constituted 'self-dealing'.