Braemar Hotels calls Al Shams court filing frivolous, vows to fight discovery bid

• Braemar Hotels & Resorts faced a Texas Rule 202 discovery petition filed by shareholder Al Shams Investments seeking depositions of two former directors.
• The petition does not assert a claim or allege wrongdoing, positioning the filing as pre-suit discovery tied to a potential lawsuit.
• Braemar plans to fight the petition, calling it a fishing expedition intended to build a case.
• The dispute extends a more than two-year campaign by Al Shams principal Wafic Said to gain influence at the REIT.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Braemar Hotel & Resorts Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202607161605BIZWIRE_USPR_____20260716_BW476071) on July 16, 2026, and is solely responsible for the information contained therein.