Braemar extends fee renegotiation deadline with advisor Ashford Inc. to Dec 31, 2026

Braemar Hotels & Resorts Inc.

Amendment No. 3 extends negotiation period for revised Base Fee or Incentive Fee through Dec 31, 2026.
Parties agree to postpone arbitration of fee disputes until after Jan 1, 2027.
No other terms of the Fifth Amended and Restated Advisory Agreement changed.
Independent directors of both boards approved the amendment.

item 1.01 item 9.01

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