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'.
Impact and considerations
This event involves hotel REIT governance and strategic direction, potentially impacting Braemar's portfolio and management structure, relevant to investors and the hotel industry.
Key points
- Al Shams intends to nominate five independent directors to Braemar's board.
- Braemar is transitioning to a self-managed REIT, separate from Ashford Inc.
- Braemar plans to maintain a portfolio of approximately six to eight luxury properties and has sold assets to deleverage.
Sources and time
- Primary source
- Hotel Dive
- Other sources
- 0
- First source publication
- 9 Sept 2026, 08:00
- Page published
- 10 Sept 2026, 00:03
- Last updated
- 9 Sept 2026, 08:00
- Original links
- Hotel Dive Feed：Braemar shareholder Al Shams intends to nominate directors to REIT’s board (opens in a new tab)Primary source · en · Published 9 Sept 2026, 08:00