Corporate GovernanceMay 22, 2026, 04:28 PM
Braemar Hotels & Resorts Extends Advisory Fee Negotiation Period
AI Summary
Braemar Hotels & Resorts Inc. announced an amendment to its Fifth Amended and Restated Advisory Agreement with Ashford Hospitality Advisors LLC and Ashford Inc. The amendment extends the period for negotiating a revised Base Fee or Incentive Fee through December 31, 2026. This renegotiation is specifically for the term commencing January 25, 2027, following the Advisor's exercise of its extension rights.
Key Highlights
- Braemar Hotels & Resorts Inc. extended the negotiation period for its Base Fee or Incentive Fee with Ashford Hospitality Advisors LLC.
- The extension is for the fee renegotiation initiated in connection with the Advisor's exercise of extension rights for the term commencing January 25, 2027.
- The new negotiation period is extended through December 31, 2026.
- No party is required to submit any fee renegotiation dispute to arbitration prior to January 1, 2027.
Price Impact
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