Braemar and Ashford terminate agreement, transition to self-managed REIT

On November 12, 2026, Braemar Hotels & Resorts signed a termination and release agreement with Ashford Inc. and its affiliates on Tuesday, formally completing the spin-off and transitioning to a self-managed real estate investment trust (REIT). The report did not disclose the specific terms of the agreement, the spin-off consideration, or subsequent management arrangements.