Braemar Hotels & Resorts Inc. announced on August 26, 2025, that it will appoint Bob Ghassemieh as a new member of the Company's Board of Directors. This appointment is made in connection with a cooperation agreement between Braemar and the Ghassemieh Group.
The Ghassemieh Group collectively beneficially owns approximately 7.3% of Braemar's outstanding common stock, making them a significant shareholder. The agreement includes certain standstill, voting, and other provisions, aiming to foster collaboration.
Monty Bennett, Chairman of Braemar, expressed satisfaction with the productive agreement, stating that this outcome supports the best interests of Braemar and all its stakeholders. This move addresses shareholder engagement and strengthens the board's composition.
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