8-K - Braemar Hotels & Resorts Inc. | StockGist

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Braemar Hotels & Resorts Inc.'s advisor, Ashford Inc., has exercised its right to extend the existing advisory agreement for an additional ten-year term, commencing January 24, 2027.

Key Takeaways

1The Advisory Agreement with Ashford Inc. is extended for ten years, from January 24, 2027 to January 24, 2037.

2The extension was initiated by the Advisor via a written notice delivered on March 31, 2026.

3All existing terms and conditions of the agreement remain in effect during the extended term.

4The parties retain the right to renegotiate the Base Fee or Incentive Fee amounts under Section 6.6 of the agreement.

5The extension is the first of up to seven successive ten-year terms the Advisor may exercise.

Current Report Details

Event Type

Material Agreement

Exhibits Only

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. As previously disclosed, Braemar Hotels & Resorts Inc. (the “Company”), Braemar Hospitality Limited Partnership and

Material Agreement

9.01

FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits Exhibit Number Exhibit Description 10.1 Fifth Amended and Restated Advisory Agreement, dated as of April 23, 201

Exhibits Only

Source Document

Transaction Details

Material Agreement

Agreement: Fifth Amended and Restated Advisory Agreement
Parties: Braemar Hotels & Resorts Inc., Braemar Hospitality Limited Partnership, Braemar TRS Corporation, Ashford Inc., Ashford Hospitality Advisors LLC

•Term extended for ten years, commencing January 24, 2027 and expiring January 24, 2037.
•All existing terms, conditions, rights, and obligations remain in full force and effect.
•Parties retain right under Section 6.6 to renegotiate the amount of the Base Fee or Incentive Fee.
•Advisor may extend for up to seven successive additional ten-year terms upon written notice given at least 210 days prior to expiration.

Exhibits (2)

8-K

99.1

EX-99.1