Jay H. Shah
On June 2, 2025, Mr. Jay H. Shah tendered his resignation from the Board of Directors of Braemar Hotels & Resorts Inc. (the “ Company ”) to be effective as of that date.
Highest-materiality recent filing
Braemar Hotels agrees to sell Park Hyatt Beaver Creek for $176M ($912K/key)
Sale price of $176M represents a 5.1% cap rate on trailing 12-month NOI.
Braemar Hotels Q4 Adj FFO $0.07 vs $0.19 YoY; 2026 EBITDA guidance $155M-$175M
Q4 2025 Adjusted FFO per share $0.07, down from $0.19; Adjusted EBITDA $35.9M vs $39M.
Board unanimously voted on Feb 20, 2026 that Ghassemieh breached the cooperation agreement, activating his August 2025 resignation letter.
At Dec 15 annual meeting, director Stefani D. Carter received fewer votes for than against (17.5M vs 22.9M), but Board rejected her resignation, so she remains on Board.
Braemar Hotels & Resorts completes sale of The Clancy for $108.8M cash
Sold The Clancy in San Francisco for ~$108.8M cash, net of transfer taxes and selling expenses.
Braemar Hotels & Resorts closes sale of The Clancy in San Francisco for $115M
Sale price of $115M ($280,487 per key) for 410-room hotel; 5.2% cap rate on TTM NOI.
Braemar Hotels agrees to sell The Clancy in San Francisco for $115 million
Sale price of $115M cash ($280,487 per key) for the 410-room hotel.
Braemar appoints activist Bob Ghassemieh to board under cooperation agreement
Ghassemieh Group, owning ~7.3% of BHR common stock, enters cooperation agreement with Braemar.
Braemar Hotels & Resorts initiates sale process; agrees to $480M termination fee with advisor
Board forms special committee, engages Baird and White & Case to explore sale; no definitive timetable.
Braemar provides pro forma financials showing sale of Marriott Seattle Waterfront for $139.3M
Pro forma reflects removal of Marriott Seattle (369 rooms) sold Aug 7, 2025 for approx $139.3M net cash.
Braemar Hotels closes $145M sale of Marriott Seattle Waterfront; pays down $88.4M debt
Sold 369-room Marriott Seattle Waterfront for $145M ($393k per key) on August 7, 2025.
Braemar Hotels agrees to sell Marriott Seattle Waterfront for $145M
Sale price $145M ($393,000 per key) for 369-room hotel; 8.1% cap rate on trailing 12-month NOI of $12.4M.
On June 2, 2025, Mr. Jay H. Shah tendered his resignation from the Board of Directors of Braemar Hotels & Resorts Inc. (the “ Company ”) to be effective as of that date.
Max materiality 0.80 · Median 0.30 · Most common event other_material