Business & Finance
Braemar Hotels Holder Al Shams Accuses Firm of ‘Self-Dealing’
Key Points
Consumer Braemar Hotels Holder Al Shams Accuses Firm of ‘Self-Dealing’ Al Shams Investments Ltd. has criticized Braemar Hotels & Resorts Inc. over a series of recent transactions that it said amount to “a brazen act of self-dealing,” according to a letter reviewed by Bloomberg News. Braemar announced Friday that its board has approved a management spin-out and plans to become a self-managed real estate investment trust. It also began to terminate an advisory agreement with Ashford Inc., a...
Consumer
Braemar Hotels Holder Al Shams Accuses Firm of ‘Self-Dealing’
Al Shams Investments Ltd. has criticized Braemar Hotels & Resorts Inc. over a series of recent transactions that it said amount to “a brazen act of self-dealing,” according to a letter reviewed by Bloomberg News.
Braemar announced Friday that its board has approved a management spin-out and plans to become a self-managed real estate investment trust. It also began to terminate an advisory agreement with Ashford Inc., a firm controlled by Braemar Chairman Monty Bennett.