Al Shams Criticizes Braemar's Split from Ashford
Braemar Hotels & Resorts announced it would terminate its advisory agreement with Ashford Inc., prompting criticism from its largest shareholder, Al Shams Investments Limited. The decision involves restructuring the board and selling up to three assets, including a $480 million termination fee owed to Ashford.
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Topics: advisory_agreement_termination board_actions shareholder_dispute