Al Shams Investments Pursues Board Nominations at Braemar Hotels & Resorts

Al Shams Investments LTD, along with Wafic Rida Said, filed an amendment to their Schedule 13D regarding Braemar Hotels & Resorts Inc. (BHR). As of May 20, 2026, the reporting persons maintain a significant position of 6,513,000 shares, representing a 9.55% ownership stake. The primary focus of this filing is the reporting persons' intent to nominate new directors at the Issuer's 2026 Annual Meeting of Stockholders. On May 20, 2026, legal counsel for Al Shams Investments sent a formal letter to the Issuer requesting the specific nominee questionnaire required by the Company's bylaws for the 2026 meeting. The filing indicates that if an updated questionnaire is not provided by June 1, 2026, the reporting persons will proceed using the 2025 version. This move signals an escalation in activist efforts to influence the Board's composition. The reporting persons share voting and dispositive power over the reported shares.