Blackwells Exposes the Futility of Braemar’s May 6th Announcement
Retrieved on:
Thursday, May 9, 2024
NEW YORK, May 09, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital LLC (“Blackwells”), a shareholder of Braemar Hotels & Resorts Inc. (“Braemar” or the “Company”) (NYSE: BHR), today released a presentation entitled “Too Little, Too Late” which may be found at https://nomoremonty.com/letters-presentations/.
Key Points:
- Highlights a Pattern of Similar, Troubling Behavior by the Board
Invites Shareholders to Visit www.NoMoreMonty.com For More Information on Blackwells’ Nominees, Campaign and Timeline of Engagement with Braemar
NEW YORK, May 09, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital LLC (“Blackwells”), a shareholder of Braemar Hotels & Resorts Inc. (“Braemar” or the “Company”) (NYSE: BHR), today released a presentation entitled “Too Little, Too Late” which may be found at https://nomoremonty.com/letters-presentations/ . - Jason Aintabi, Chief Investment Officer of Blackwells, said:
“We have previously warned the Board against digging an even bigger hole for themselves by enabling the continued value destructive behaviour of Montgomery Bennett and Braemar’s external advisor. - We question the motivations that produced a very uninspiring price for Torrey Hilton, and led to the authorization of a suspiciously timed share buyback; this Board must pause any and all strategic initiatives until shareholders have their say at the ballot box.”
Blackwells encourages all shareholders to review Blackwells’ materials, the details of its engagement with the Company, information about Blackwells’ nominees, and other important information at www.NoMoreMonty.com .