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
The Advisory Agreement with Ashford Inc. is extended for ten years, from January 24, 2027 to January 24, 2037.
The extension was initiated by the Advisor via a written notice delivered on March 31, 2026.
All existing terms and conditions of the agreement remain in effect during the extended term.
The parties retain the right to renegotiate the Base Fee or Incentive Fee amounts under Section 6.6 of the agreement.
The extension is the first of up to seven successive ten-year terms the Advisor may exercise.