Braemar Hotels amends advisory termination fee terms, clarifying payment waterfall in potential sale

Braemar Hotels & Resorts Inc.

Amendment clarifies $480M Company Sale Fee and $25M Master Agreement Termination Fee paid from Net Sale Proceeds before any other distributions.
Defines 'Company Sale Transaction' as a Company Change of Control; fees due upon closing.
If multiple asset sales, subsequent Net Sale Proceeds applied until fees paid in full.
Upon stockholder approval of a liquidation plan, Master Agreements terminate subject to $25M fee payment.
Other property-level contracts remain in effect unless terminable by their terms.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.