BRAEMAR HOTELS & RESORTS ANNOUNCES CONCLUSION OF STRATEGIC REVIEW PROCESS AND PLAN TO BECOME A SELF-MANAGED REIT AND REMAIN PUBLICLY TRADED

Braemar Hotels to become self-managed REIT as Monty Bennett steps down from board

An SEC filing says the new self-managed REIT will have a new board and Chairman Monty Bennett will no longer be a part of it. The transitions come after the company announced plans to review its portfolio and sell off several of its properties across the U.S,, including in Dallas.

Braemar to end strategic review process, become self-managed REIT

After initiating a process to sell last year, Braemar Hotels & Resorts has determined a new course of action, including terminating its advisory agreement with Ashford Inc. and its affiliates.

BRAEMAR HOTELS & RESORTS ANNOUNCES CONCLUSION OF STRATEGIC REVIEW PROCESS AND PLAN TO BECOME A SELF-MANAGED REIT AND REMAIN PUBLICLY TRADED

/PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced a series of actions designed to simplify its corporate...

BRAEMAR HOTELS & RESORTS ANNOUNCES CONCLUSION OF STRATEGIC REVIEW PROCESS AND PLAN TO BECOME A SELF-MANAG

Initiates Process to Terminate Advisory Agreement with Ashford and Its Affiliates in Order to Eliminate Relationship with Ashford and Create Its Own Management Team and New BoardPlans Near-Total Reconstitution of the

Braemar to terminate Ashford advisory agreement

Braemar Hotels & Resorts has concluded its strategic review process and plans to become a self-managed real estate investment trust (REIT) while remaining publicly traded. Its board of directors approved a management spin-out that will enable the company to terminate its advisory agreement with Ashford Inc. and its affiliates, hire employees directly and reconstitute its board. The move follows a review conducted by a special committee composed …

The Ritz-Carlton, Sarasota included in $437M hotel sale deal

Three hotels are being sold, including one in Sarasota and two in California.