STAYHotel Dive · 2d ago
Braemar officially splits from Ashford, transitions to self-managed REIT
Executive Brief
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Braemar Hotels & Resorts has officially terminated its advisory agreement with Ashford to transition into a self-managed REIT. This strategic restructuring includes the appointment of a new executive leadership team and board of directors to oversee operations.
- 01Braemar formally ended its long-standing external advisory relationship with Ashford
- 02The organization has transitioned to a self-managed real estate investment trust structure
- 03A newly appointed executive team and board of directors will lead the independent entity
- 04The move shifts operational control and management oversight directly to internal leadership
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On Tuesday, the real estate investment trust terminated its advisory agreement with Ashford. It also appointed a new executive team and board of directors.