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Stock impact report

Blackwells Highlights Statements from Braemar’s Definitive Proxy Filing

Braemar Hotels & Resorts Inc. (BHR) 
Last braemar hotels & resorts inc. earnings: 2/26 05:10 pm Check Earnings Report
Company Research Source: GlobeNewswire
Notes Rampant Use of Terms ‘Related Party’ and ‘Conflicts of Interest’ Suggests Braemar’s Massive Stock Price Decline Today is Justified NEW YORK, June 17, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital LLC (“Blackwells”), a shareholder of Braemar Hotels & Resorts Inc. (“Braemar” or the “Company”) (NYSE: BHR), commented on the filing of Braemar’s Definitive Proxy Statement (the “Definitive Proxy”) with the Securities and Exchange Commission (the “SEC”) today. Jason Aintabi, Chief Investment Officer of Blackwells, said:  “Braemar filed its Definitive Proxy and Braemar’s shares finished down 7% while the markets took out record highs. Mr. Bennett wrote ‘As always, we will continue to look at ways to fulfill our mission to create and protect stockholder value’ but: Braemar shares have lost over 90% of their value, Ashford Hospitality Trust is down 99% and AINC is down 95%. Mr. Bennett has one of the worst track records of any manager in the history of REITs – placatory announcements n Show less Read more
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