• Braemar Hotels & Resorts moved to end its external advisory relationship with Ashford as it transitions to a self-managed REIT.
• Annual corporate G&A, including advisory and related fees, targeted to fall to about $15 million from about $42 million.
• More than $25 million in annual cost savings expected following termination of the Ashford advisory arrangement.
• Asset sales, including the Four Seasons Resort Scottsdale deal, earmarked to fund remaining separation-related fees owed to Ashford.
• Separation expected to be completed by mid-November.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Braemar Hotel & Resorts Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001574085-26-000151), on October 08, 2026, and is solely responsible for the information contained therein.