Al Shams Investments Responds to Braemar Board's Brazen Act of Self-Dealing
Al Shams Investments, the largest shareholder of Braemar Hotels & Resorts, has launched a formal proxy contest against the board and CEO Monty Bennett. The conflict centers on the sale of three hotel properties that triggered a $480 million termination fee payable to a company controlled by Bennett, which Al Shams characterizes as self-dealing and financial recklessness. Al Shams vows to pursue legal remedies, nominate a full slate of independent directors for the 2026 Annual Meeting, and urge shareholders to vote against the current board.
Key figures
- Share price
- 2.1
- Termination fee
- 480000000
- Stock decline pct
- 15
- Bennett fee per share
- 7
- Long term decline pct
- 90
- Shares owned by al shams
- 6513000
AI analysis
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