Al Shams Investments Limited, which beneficially owns 6,513,000 Braemar Hotels & Resorts shares, or 9.48%, intends to nominate independent directors capable of changing board control. The move matters because shareholders are expected to receive a choice over board representation before the September 14 nomination deadline for the 2026 Annual Meeting.

Key Highlights

  • Braemar Hotels & Resorts had 68,679,318 common shares outstanding as of August 4, 2026.
  • Al Shams and Wafic Rida Said are each deemed to beneficially own 6,513,000 common shares.
  • Al Shams said it will present five nominees for the 2026 Annual Meeting.

Al Shams Investments Limited intends to nominate a slate of independent directors capable of changing control of Braemar Hotels & Resorts Inc. (NYSE: BHR). The investor and Wafic Rida Said are each deemed to beneficially own 6,513,000 common shares, representing 9.48% based on Braemar’s reported outstanding shares.

Al Shams Targets Board Majority

The investor expects to present five nominees, who would seek election at Braemar’s 2026 Annual Meeting. The move follows Braemar’s September 4 announcement of the meeting date and a September 14 deadline for Shareholder director nominations.

9.48% Stake Supports Nomination Push

Al Shams’ reported position consists of 6,513,000 common shares. Wafic Rida Said is also deemed to beneficially own those 6,513,000 shares through the relationship among the participants in the Schedule 13D group. The 9.48% ownership figure is based on 68,679,318 Braemar common shares outstanding as of August 4, 2026. Al Shams said its nominations would be submitted before the September 14 deadline, while the five nominees are to be presented shortly. The investor also said it intends to file proxy materials for the solicitation of shareholder votes in connection with the Annual Meeting.