financeHotel Dive··1 min·For: Owner, Investor, GM, Revenue
Braemar Ends Strategic Review to Become Self-Managed REIT
Braemar Hotels & Resorts has concluded its strategic review process and will transition to a self-managed REIT by terminating its advisory contract with Ashford Inc.
Key Takeaways
- 1Transition to a self-managed REIT structure by terminating the existing advisory agreement with Ashford Inc. and its affiliates.
- 2Conclude the year-long strategic review process after determining that various sale or merger options did not maximize shareholder value.
- 3Focus on a standalone strategy to improve operational efficiency and potentially reduce the cost of capital as an independent entity.
Source: Hotel Dive
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