Blackwells Highlights Braemar’s Overt Support of Ashford’s Entrenchment Tactics Blackwells Will Hold Braemar Board and Monty Bennett to Account for Unprecedented Destruction of Shareholder Value at Braemar NEW YORK, May 15, 2024 (GLOBE NEWSWIRE) -- On May 14, 2024, Braemar Hotels & Resorts Inc. (“Braemar”) (NYSE: BHR) issued a bizarre press release congratulating Ashford’s “victory” after stockholders voted out Chairman Monty J. Bennett and director Kamal Jafarnia, and both directors were forced
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Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced that, based on estimated preliminary results, Blackwells Capital LLC's ("Blackwells") withhold proxy campaign at Ashford Hospitality Trust, Inc. ("Ashford Trust") proved to be a failure, as only 7% of Ashford Trust's outstanding shares voted on the Blackwells proxy card. Ashford Trust announced earlier today that seven of its nine nominees received a majority of the votes cast and the remaining two nominees we