Braemar Hotels & Resorts Highlights Recent Investor Support for Value-Creating Steps
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Braemar Hotels & Resorts Inc. (NYSE: BHR) (“Braemar,” the “Company,” or “we”) today issued the following statement:
We continue to progress towards our previously announced plans to carry out a management spin-out, separate from Ashford Inc. and its affiliates (“Ashford”), become a self-managed real estate investment trust, and reconstitute our Board with fully independent directors. We believe these steps are in the best interests of all shareholders and will position the Company for sustained value creation.
Don’t just take our word for it, however. One of our shareholders, Blackwells Capital LLC (“Blackwells”), recently issued a press release expressing support for these actions.1 Blackwells noted the following:
