Braemar Hotels & Resorts Issues Statement on Al Shams’ Baseless Accusations
Braemar announced it has enacted governance reforms requested by activist Al Shams, including a transition to a self-managed REIT and a board refresh led by independent search firm Ferguson Partners. The company highlighted a renegotiated Company Sale Fee that reduces payments to external advisor Ashford by $94.3 million.
Key figures
- Company sale fee reduction usd
- 94300000
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