The Hospitality Newsletter
Today Wednesday, September 9, 2026
Al Shams to Challenge Braemar Board in Proxy Fight
financeHotel Dive··1 min·For: Owner, Investor

Al Shams to Challenge Braemar Board in Proxy Fight

Braemar Hotels & Resorts' largest shareholder, Al Shams Investments, plans to nominate a full slate of independent directors ahead of the REIT's internal management transition. The move comes as Braemar seeks to become self-managed, split from Ashford Inc., and trim its luxury portfolio.

Key Takeaways

  1. 1Al Shams will nominate a competing director slate by the Sept. 14 deadline.
  2. 2Braemar is shifting to a self-managed REIT and downsizing to 6-8 luxury properties.
  3. 3The REIT recently sold the Pier House Resort & Spa for $190M to deleverage.

Read original source →

Source: Hotel Dive

Keep reading

Our reporting

OriginalHospitality M&A Value Reaches $39.6B in H1 2026 as Volume DropsWritten from 1 sources
OriginalHotel Advisors Global Launches to Support Owners and InvestorsWritten from 1 sources

More in finance

Hotel DiveG6 Hospitality Debuts Studio 6 Plus Extended-Stay Brand1 min readHospitalityNetLCRE and Cedar Capital Launch Luxury Hotel Platform1 min readHospitalityNetThe Financial Squeeze Crushing American Hotel Owners1 min read

Also relevant for Investor, Owner

SkiftExpedia CEO Ariane Gorin on B2B Growth and AI Strategy1 min readHospitalityNetAAHOA Opposes California Bill Requiring ICE Disclosure1 min readLodging MagazineLe Méridien Indianapolis Completes Property-Wide Refresh1 min read
All finance newsFor InvestorFor OwnerToday's briefing