Braemar hotels & resorts updates stockholders that 'activist' blackwells capital's attempted withhold proxy campaign at ashford trust has failed

Dallas , may 14, 2024 /prnewswire/ -- braemar hotels & resorts inc. (nyse: bhr) ("braemar" or the "company") today announced that, based on estimated preliminary results, blackwells capital llc's ("blackwells") withhold proxy campaign at ashford hospitality trust, inc. ("ashford trust") proved to be a failure, as only 7% of ashford trust's outstanding shares voted on the blackwells proxy card.  ashford trust announced earlier today that seven of its nine nominees received a majority of the votes cast and the remaining two nominees were re-appointed by the board after the meeting in accordance with ashford trust's corporate governance guidelines.
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