Braemar Hotels moves to end Ashford advisory pact, shift to self-management

Reuters2026/07/22 20:24

By:Reuters

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Braemar Hotels & Resorts plans to terminate its advisory agreement with Ashford Inc., shifting to a self-managed REIT structure.
The move follows a June 12, 2026 announcement aimed at simplifying governance and increasing management accountability to shareholders.
Blackwells Capital backed the transition, citing a renegotiated company sale fee that cut the amount owed to Ashford by USD 94.3 million.
Braemar also targets more than USD 25 million in annual cost savings under self-management, with asset sales intended to fund the separation.

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 Business Wire (Ref. ID: 20260722877680) on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Braemar Hotels moves to end Ashford advisory pact, shift to self-management

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