Braemar Hotels & Resorts Increases Board Size, Appoints Bob Ghassemieh as Member

Braemar Hotels & Resorts has upsized its board of directors with the appointment of Bob Ghassemieh. The company announced the move on Tuesday, with shares trading up 4.55% pre-market to $2.30. The new appointment is part of a cooperation agreement, although further details were not disclosed.

Braemar Hotels & Resorts (NYSE: BHR) has announced the upsizing of its board of directors with the appointment of Bob Ghassemieh as a new member. The company made this announcement on Tuesday, with shares trading up 4.55% pre-market to $2.30. The new appointment is part of a cooperation agreement between Braemar and Ghassemieh, although the specifics of the agreement were not disclosed. Ghassemieh's group collectively owns approximately 7.3% of the company's outstanding common stock.

Prior to Ghassemieh's appointment, the board consisted of Stefani Danielle Carter, Richard J. Stockton, Monty J. Bennett, Mary Candace Evans, Matthew D. Rinaldi, Rebeca Odino-Johnson, Rebecca Musser, and Kellie Sirna. The appointment of Ghassemieh is expected to bring strategic insights and operational expertise to the board, potentially aiding in Braemar's ongoing efforts to deleverage its luxury portfolio.

The move comes amidst a period of significant activity for Braemar, which recently outlined a group revenue growth pace of 8.6% for 2025 and announced the sale of the Marriott Seattle Waterfront property for $145M to Seafront Fjord Owner.

For more details on Braemar Hotels & Resorts, including their recent earnings call and credit rating, visit the following resources:
- [1] https://seekingalpha.com/news/4489193-braemar-hotels-resorts-upsizes-board-of-directors
- [2] https://seekingalpha.com/news/4489193-braemar-hotels-resorts-upsizes-board-of-directors

References:
- [1] https://seekingalpha.com/news/4489193-braemar-hotels-resorts-upsizes-board-of-directors