Announcement • May 31
Braemar Hotels & Resorts Inc. Announces Board Changes Braemar Hotels & Resorts Inc. announced that on May 21, 2026, the Board of Directors appointed Mr. Eric Batis to the Board to serve until the next annual meeting of stockholders of the Company and until his successor is duly elected and qualified. At the time of his appointment to the Board, Mr. Batis was not appointed to any committee. Mr. Batis serves as the Chief Operating Officer of Ashford Inc. In this role, Mr. Batis oversees the company's day-to-day operational execution across the organization. He is responsible for driving operational performance, refining acquisition strategies, and strengthening oversight to support sustained growth across the Ashford Group of Companies. Prior to this position, Mr. Batis served as Executive Vice President of Operations for Ashford since October 2022. In that capacity, he oversaw operations for both Ashford's asset management advisory business and its hospitality products and services business. Previously, as Senior Vice President of Portfolio Management of Ashford, he led the acquisition and investment process for several key assets and businesses, including OpenKey, J&S Audio Visual (now INSPIRE), Lismore Capital, Kalibri Labs, PURE Rooms, and RED Hospitality and Leisure. Mr. Batis also held roles in Ashford's Asset Management department, managing portfolios of hotels for Ashford, Ashford Hospitality Trust (AHT), and the Company, and earlier led Ashford's Capital Management group, directing renovation and repositioning initiatives for hotels. Before joining Ashford Inc. in 2013, Mr. Batis was a Vice President at investment bank Houlihan Lokey, where he led real estate valuation efforts, and assisted clients with mergers and acquisitions and finances. Prior to Houlihan Lokey, he worked for Integra Realty Resources in Chicago, valuing commercial properties across the Midwest. Mr. Batis holds a Bachelor of Arts degree in Political Science from Northwestern University. Also on May 21, 2026, each of Stefani Danielle Carter and Rebecca Musser notified the Company of their resignation from the Board effective as of that date. Neither Ms. Carter's nor Ms. Musser's resignation was the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. Announcement • May 29
Sixth Street Partners, LLC and Riller Capital completed the acquisition of Park Hyatt Beaver Creek Resort and Spa from Braemar Hotels & Resorts Inc. (NYSE:BHR). Sixth Street Partners, LLC and Riller Capital agreed to acquire Park Hyatt Beaver Creek Resort and Spa from Braemar Hotels & Resorts Inc. (NYSE:BHR) for approximately $180 million on April 30, 2026. A cash consideration of $176.02 million will be paid by the buyer. As part of consideration, $912,000 is paid for 193 units. The transaction was financed by Starwood Property Trust.
The transaction is expected to close in May 2026, subject to customary conditions.
CBRE, inc acted as a financial advisor to Braemar Hotels & Resorts Inc. Eastdil Secured, L.L.C. acted as a financial advisor and Brownstein Hyatt Farber Schreck, LLP and Latham & Watkins LLP acted as legal advisor to Sixth Street Partners, LLC.
Sixth Street Partners, LLC and Riller Capital completed the acquisition of Park Hyatt Beaver Creek Resort and Spa from Braemar Hotels & Resorts Inc. (NYSE:BHR) on May 27, 2026. Announcement • May 25
Al Shams Investments Provides Information to Shareholders of Braemar Hotels & Resorts On May 20, 2026, Al Shams Investments Limited announced that in connection with its intent to seek to elect new directors at Braemar Hotels & Resorts Inc.'s 2026 annual meeting of stockholders, legal counsel to Al Shams Investments sent a letter to the Company requesting a copy of the Company's form proposed nominee questionnaire as referenced in Article I, Section 11(a)(4) of the Company's Fifth Amended and Restated Bylaws, as amended. Al Shams Investments stated that the Questionnaire is a form document, which the Company should have readily available.