Blackwells Supports the Election of Braemar Hotels & Resorts’ Eight Director Nominees
Key Highlights
- ➤Blackwells supports Braemar’s election of all eight director nominees on December 21, 2026
- ➤Seven nominees are new, independent directors; incumbent directors, including the Chairman, are stepping aside
- ➤Separation from Ashford nears completion after advisory termination and asset-sale funding closures
- ➤Corporate overhead targeted to fall from over $40 million to $15 million annually
- ➤Braemar’s seven hotels valued at approximately $437,000 per key versus $1.2 million sales per key
NEW YORK, Nov. 04, 2026 (GLOBE NEWSWIRE) -- Blackwells Capital LLC (“Blackwells”), a shareholder of Braemar Hotels & Resorts Inc. (“Braemar” or the “Company”) (NYSE: BHR), today issued a statement regarding the director nominees presented by the Company for election at its 2026 Annual Meeting of Stockholders, to be held on December 21, 2026.
Braemar is weeks from completing its separation from Ashford Inc. The termination of the advisory agreement has been triggered, the asset sales funding the separation are closed, and the Company has published the balance sheet, cost structure and full-year 2027 outlook of the self-managed company that will emerge. The last piece is the board that will govern it. The slate announced on October 26 is that board, and Blackwells supports the election of all eight nominees.
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