Braemar becomes self-managed REIT after ending Ashford advisory agreement

• Braemar Hotels & Resorts transitioned to a self-managed REIT following termination of its advisory agreement with Ashford.
• Management, including CEO Richard J. Stockton, is now employed directly by the REIT.
• Master hotel management and project management agreements with Remington Lodging & Hospitality and Premier Project Management were also terminated.
• All directors except Stockton will resign upon the definitive proxy filing, expected in approximately 10 days; seven of eight nominees are independent.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Braemar Hotel & Resorts Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-125156), on November 10, 2026, and is solely responsible for the information contained therein.