Al Shams Nominates Five Directors for Election at Braemar Hotels' Annual Meeting
Braemar Hotels & Resorts’ largest shareholder, Al Shams Investments Limited, has nominated five candidates to stand for election on the trust’s board of directors. The nominees include experienced professionals in real estate finance, investment, law, and corporate governance. These nominations come amid a dispute between Braemar and its former manager Ashford Inc., following Braemar's decision last June to become self-managed after an extended strategic review. Al Shams has criticized the board’s governance as failing shareholders' interests and is proposing what it calls 'a complete slate of highly qualified, independent directors.' The candidates will be up for election at Braemar’s annual shareholder meeting on November 13. In response to Al Shams’ allegations that the self-management transition involved
Tickers: $BHR PRD
Topics: board election real estate governance shareholder action