Braemar Hotels & Resorts Inc. (NYSE: BHR), a real estate investment trust (REIT) focused on investing primarily in luxury hotels and resorts, today announced that it will appoint Bob Ghassemieh as a new member of the Company’s Board of Directors. Mr. Ghassemieh is being appointed in connection with a cooperation agreement  between Braemar and Mr. Ghassemieh. The Ghassemieh Group collectively beneficially owns approximately 7.3% of the Company’s outstanding common stock.

“We’re pleased to have come to a productive agreement with the Ghassemieh Group and look forward to our continued collaboration,” said Monty Bennett, Chairman of Braemar. “We believe this outcome supports the best interests of Braemar and all our stakeholders.”

Pursuant to the Agreement, the Ghassemieh Group has agreed to certain standstill, voting and other provisions. Additional information will be filed in a Form 8-K with the Securities and Exchange Commission.

White & Case LLP is serving as legal counsel to Braemar. Olshan Frome Wolosky LLP is serving as legal counsel to the Ghassemieh Group.

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