Home Business & Finance Braemar Hotels Holder Al Shams Accuses Firm of ‘Self-Dealing’
Business & Finance

Braemar Hotels Holder Al Shams Accuses Firm of ‘Self-Dealing’

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.
Braemar Hotels (ORG) Al Shams (PERSON) Braemar Hotels & Resorts Inc. (ORG) Bloomberg News (ORG) Braemar (PERSON) Ashford Inc. (ORG) Monty Bennett (PERSON)
Originally published by Bloomberg Markets Read original →