Braemar Hotels & Resorts Transitions to Self-Managed REIT Structure
Braemar Hotels & Resorts (BHR) has officially transitioned to a self-managed real estate investment trust (REIT) structure. This strategic shift follows the termination of its advisory agreement with Ashford Inc. and its affiliates, allowing the company to manage its own operations directly. In addition to the structural change, Braemar announced updates to its corporate governance framework and successfully refinanced four of its hotel properties. These moves are intended to streamline management processes and optimize the company's capital structure as it operates independently from its former advisor.
Topics: advisory agreement termination corporate governance REIT structure
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Part of the story Braemar Hotels & Resorts Inc. - 8-K Filing (4 articles)