BHR

Blackwells Releases Presentation Exposing Monty Bennett’s Buffoonery

Retrieved on: 
Lundi, mai 20, 2024
BHR, Social media, Risk, Security (finance)

NEW YORK, May 20, 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 “The Buffoonery of Monty Bennett”, which may be found at https://nomoremonty.com/letters-presentations/.

Key Points: 
  • Warns That Blackwells Will Seek to Recover All Improper Expenditures by Mr. Bennett and the Board
    NEW YORK, May 20, 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 “The Buffoonery of Monty Bennett”, which may be found at https://nomoremonty.com/letters-presentations/ .
  • Jason Aintabi, Chief Investment Officer of Blackwells, said:
    “Last week, Mr. Bennett expanded his comically inept smear campaign (“#ExpelBlackwells”) designed to keep independent directors out of Braemar’s boardroom.
  • Blackwells will fight to ensure that all monies, great and small, that are spent to satisfy Mr. Bennett’s buffoonery are recovered and returned to shareholders.
  • We remind the current directors again, that enabling Mr. Bennett’s buffoonery creates a substantial risk of liability, litigation, and reputational harm for each of them.

Braemar Chairman Monty J. Bennett’s Smear Campaign Against Blackwells: Another Sad Reminder of His Fear of Transparency and Accountability to Shareholders

Retrieved on: 
Jeudi, mai 16, 2024
Related, Human, The Walt Disney Company, BHR, General counsel, Failure

Earlier this week, Mr. Bennett was forced to resign from the board of Ashford Hospitality Trust, founded by his father.

Key Points: 
  • Earlier this week, Mr. Bennett was forced to resign from the board of Ashford Hospitality Trust, founded by his father.
  • That happened because the shareholders of Ashford Hospitality Trust decided to ‘vote out’ Monty from his board position there, as one leading publication put it, after Blackwells’ successful campaign.
  • Instead of respecting the all-important voice of shareholders, Mr. Bennett’s directors plugged him right back in.
  • Until the job is done, we will continue to say it: Monty must go.”
    For more information about Blackwells’ campaigns at Ashford and Braemar, visit www.montymustgo.com and www.nomoremonty.com .

Braemar Chairman Monty J. Bennett Defeated at Ashford Hospitality Trust, Inc.’s Annual Meeting in Broad Referendum on his Failed Leadership

Retrieved on: 
Jeudi, mai 16, 2024
BHR, Monty Bennett, Employment, Policy

NEW YORK, May 15, 2024 (GLOBE NEWSWIRE) -- On May 14, 2024, Braemar Hotels & Resorts Inc. (“Braemar”) (NYSE: BHR) issued a bizarre press congratulating Ashford’s “victory” after stockholders voted out Chairman Monty J. Bennett and director Kamal Jafarnia, and both directors were forced to tender their resignations pursuant to Ashford’s corporate governance guidelines. But for Braemar and Ashford’s record as two of the most poorly performing REITs in America, this would all be quite comical.

Key Points: 
  • But for Braemar and Ashford’s record as two of the most poorly performing REITs in America, this would all be quite comical.
  • It further foreshadows the types of improper entrenchment mechanisms that Monty and his cronies will employ at Braemar to prevent independent voices from gaining access to the boardroom.
  • Ashford stockholders sent Monty Bennett, the Chairman of Ashford and Braemar, a decisive message that his tyrannical reign over both companies is coming to an end.
  • Unfortunately for them, the clock is ticking.”
    For more information about Blackwells’ campaigns at Ashford and Braemar campaigns, visit www.montymustgo.com and www.nomoremonty.com.

Blackwells Exposes the Futility of Braemar’s May 6th Announcement

Retrieved on: 
Jeudi, mai 9, 2024
BHR, Engagement, Share repurchase, Timeline, Security (finance)

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 .

Blackwells Comments on Braemar’s Too Little Too Late Shareholder Value Creation “Plan”

Retrieved on: 
Mardi, mai 7, 2024
Sale, BHR, History, REIT, Holding company

NEW YORK, May 07, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital LLC (“Blackwells”), a shareholder of Braemar Hotels & Resorts Inc. (“Braemar” or the “Company”) (NYSE: BHR), today commented on the recent disclosure that the Company has announced a shareholder value creation plan and entered into a definitive agreement to sell the iconic Hilton La Jolla Torrey Pines.

Key Points: 
  • NEW YORK, May 07, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital LLC (“Blackwells”), a shareholder of Braemar Hotels & Resorts Inc. (“Braemar” or the “Company”) (NYSE: BHR), today commented on the recent disclosure that the Company has announced a shareholder value creation plan and entered into a definitive agreement to sell the iconic Hilton La Jolla Torrey Pines.
  • Jason Aintabi, Chief Investment Officer of Blackwells, said:
    “The Board of Braemar suddenly claims to have a plan to create shareholder value, after having presided over one of the worst destructions of value of an American REIT in history.
  • Meanwhile, Monty Bennett, his father Archibald, and Braemar’s advisor, Ashford LLC have been paid hundreds of millions of dollars under their Advisory Agreement.
  • Time and again, this Board has proven that they are either incapable or unwilling to act in the best interests of its true owners, the shareholders.

Blackwells Files Definitive Proxy Statement for Braemar Hotels & Resorts Inc.’s 2024 Annual Meeting

Retrieved on: 
Mercredi, avril 10, 2024
Dallas Express, Sale, BHR, Security (finance), History, Motion to compel, Disclosure, Face, Federal court

NEW YORK, April 10, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital LLC (“Blackwells”), a shareholder of Braemar Hotels & Resorts Inc. (“Braemar” or the “Company”) (NYSE: BHR) has filed a definitive proxy statement with the Securities and Exchange Commission (the “SEC”) in connection with its nomination of four highly qualified candidates—Jennifer M. Hill, Betsy L. McCoy, Steven J. Pully and Michael Cricenti (collectively, the “Blackwells Nominees”)—for election to the board of directors of Braemar (the “Board”) at the Company’s 2024 annual meeting of shareholders (the “2024 Annual Meeting”) to be held on May 15, 2024.

Key Points: 
  • NEW YORK, April 10, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital LLC (“Blackwells”), a shareholder of Braemar Hotels & Resorts Inc. (“Braemar” or the “Company”) (NYSE: BHR) has filed a definitive proxy statement with the Securities and Exchange Commission (the “SEC”) in connection with its nomination of four highly qualified candidates—Jennifer M. Hill, Betsy L. McCoy, Steven J. Pully and Michael Cricenti (collectively, the “Blackwells Nominees”)—for election to the board of directors of Braemar (the “Board”) at the Company’s 2024 annual meeting of shareholders (the “2024 Annual Meeting”) to be held on May 15, 2024.
  • Jason Aintabi, Chief Investment Officer of Blackwells, said:
    “Braemar is in a pitiful state.
  • Several months ago, Blackwells called on Braemar to investigate potential breaches of fiduciary duty and/or other wrongdoing by the Board and/or management in connection with the Company’s relationship with Monty Bennett and Ashford.
  • We encourage shareholders to review our materials, the details of our engagement with the Company and other information at www.NoMoreMonty.com .

BRAEMAR HOTELS & RESORTS SETS FIRST QUARTER EARNINGS RELEASE AND CONFERENCE CALL DATES

Retrieved on: 
Mardi, mars 26, 2024
REIT, BHR

View original content:https://www.prnewswire.com/news-releases/braemar-hotels--resorts-sets-fi...

Key Points: 
  • DALLAS, March 26, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced details for the release of its results for the first quarter ended March 31, 2024.
  • Braemar plans to issue its earnings release for the first quarter after the market closes on Wednesday, May 8, 2024, and will host a conference call on Thursday, May 9, 2024, at 11:00 a.m.
  • A replay of the conference call will be available through Thursday, May 16, 2024, by dialing (647) 362-9199 and entering the confirmation number, 2925607.
  • Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts.

Bret Holmes Racing Revs Up Season with Precision Garage Door Service™ Sponsorship

Retrieved on: 
Mardi, février 13, 2024
Atlanta Motor Speedway, Daytona, NASCAR, Texas Motor Speedway, Neighborly, BHR, Partnership, Self storage

This sponsorship marks the second season of a dynamic relationship between BHR and Precision Garage Door Service.

Key Points: 
  • This sponsorship marks the second season of a dynamic relationship between BHR and Precision Garage Door Service.
  • "Precision Garage Door Service is thrilled to reunite with Bret Holmes and BHR as we gear up for an exhilarating start at Daytona this month and continue our relationship across the 2024 season," said Mike Brickner, president of Precision Garage Door Service, a Neighborly company.
  • "We are preparing to showcase the innovation, excellence and precision that characterize both our franchise brand and Bret Holmes Racing."
  • Beginning as a family business in the late 1980s and incorporated in Arizona in 1999, Precision Garage Door Service is a nationally recognized garage door service company with franchise locations spanning much of the U.S.

BRAEMAR HOTELS & RESORTS SETS FOURTH QUARTER EARNINGS RELEASE AND CONFERENCE CALL DATES

Retrieved on: 
Mercredi, décembre 27, 2023
BHR, REIT

View original content:https://www.prnewswire.com/news-releases/braemar-hotels--resorts-sets-fo...

Key Points: 
  • DALLAS, Dec. 27, 2023 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced details for the release of its results for the fourth quarter ended December 31, 2023.
  • Braemar plans to issue its earnings release for the fourth quarter after the market closes on Thursday, February 29, 2024, and will host a conference call on Friday, March 1, 2024, at 11:00 a.m.
  • A replay of the conference call will be available through Friday, March 8, 2024, by dialing (647) 362-9199 and entering the confirmation number, 2925607.
  • Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts.

Plunk and BHR Partner to Integrate AI-powered Property Analytics into RealReports™ Platform

Retrieved on: 
Mardi, novembre 14, 2023
Intelligence, Research, BHR, Partnership, Sales, Cryptocurrency, Plunk

BELLEVUE, Wash., Nov. 14, 2023 /PRNewswire/ -- Plunk, the world's first AI-powered analytics platform for residential real estate, announced a partnership with BHR, a leading provider of property intelligence for real estate professionals. This collaboration will see Plunk's proprietary AI technology integrated into BHR's RealReports™ platform, creating a streamlined and powerful solution for real estate professionals to access and leverage a wealth of property data effortlessly.

Key Points: 
  • Data partnership streamlines access to property research, comprehensive valuation, and remodeling insights into one platform
    BELLEVUE, Wash., Nov. 14, 2023 /PRNewswire/ -- Plunk , the world's first AI-powered analytics platform for residential real estate, announced a partnership with BHR, a leading provider of property intelligence for real estate professionals.
  • "In this current market, the more insight you have into a property, the more competitive you can be.
  • Property data and intelligence have become critical for agents looking to remain competitive in today's challenging real estate climate.
  • To gain access to Plunk's AI-powered home analytics platform, visit https://getplunk.com/developers .