Al Shams reports 9.48% Braemar stake, board plans

A 9.48% shareholder group in Braemar Hotels & Resorts Inc. reiterates plans to nominate its own director slate at the 2026 Annual Meeting.

Rhea-AI Filing Summary

Braemar Hotels & Resorts Inc. (BHR) is the subject of an amended Schedule 13D filing by Al Shams Investments Ltd. and Wafic Rida Said, who report beneficial ownership of 6,513,000 shares of common stock, representing 9.48% of the class, with shared voting and dispositive power over all of these shares.

The ownership percentage is based on 68,679,318 shares of common stock outstanding as of August 4, 2026, as disclosed by the company. The reporting persons state that on September 8, 2026 they issued a press release regarding an open letter to Braemar’s shareholders, in which they reiterated their intent to nominate a slate of qualified and independent director nominees for election to the board at the 2026 Annual Meeting.

Key Figures

Shares beneficially owned: 6,513,000 shares Percent of class beneficially owned: 9.48% Shares outstanding baseline: 68,679,318 shares +3 more

6 metrics

Shares beneficially owned 6,513,000 shares Common stock of Braemar Hotels & Resorts Inc. reported by each of Al Shams Investments Ltd. and Wafic Rida Said

Percent of class beneficially owned 9.48% Ownership stake in Braemar Hotels & Resorts Inc. common stock

Shares outstanding baseline 68,679,318 shares Braemar Hotels & Resorts Inc. common stock outstanding as of August 4, 2026, used to calculate the 9.48% stake

Shared voting power 6,513,000 shares Shares over which the reporting persons have shared voting power

Shared dispositive power 6,513,000 shares Shares over which the reporting persons have shared dispositive power

Event date for amended Schedule 13D September 8, 2026 Date of event triggering the amendment and related press release and letter

Key Terms

beneficially owned, shared voting power, shared dispositive power, Schedule 13D, +1 more

5 terms

beneficially owned financial

"Aggregate amount beneficially owned by each reporting person 6,513,000.00"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shared voting power financial

"Shared Voting Power 6,513,000.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"Shared Dispositive Power 6,513,000.00"

Schedule 13D regulatory

"previously filed a statement on Schedule 13D to report the acquisition"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

Annual Meeting financial

"for election to the Issuer's Board at the 2026 Annual Meeting"

A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much of Braemar Hotels & Resorts Inc. (BHR) do the reporting persons currently beneficially own?

The reporting persons, Al Shams Investments Ltd. and Wafic Rida Said, beneficially own 6,513,000 shares of Braemar Hotels & Resorts Inc. common stock, representing 9.48% of the outstanding shares, with shared voting and shared dispositive power over all of these shares.

What share count did the 9.48% ownership in BHR use as its basis?

The reported 9.48% ownership stake is calculated based on 68,679,318 shares of Braemar Hotels & Resorts Inc. common stock outstanding as of August 4, 2026, as disclosed in the company’s Quarterly Report on Form 10-Q.

What action are the 9.48% holders planning regarding Braemar Hotels & Resorts Inc. (BHR) governance?

The reporting persons state that they reiterated their intent to nominate a slate of qualified and independent director nominees for election to Braemar Hotels & Resorts Inc.’s board of directors at the company’s 2026 Annual Meeting of shareholders.

Did the reporting persons issue any communication to BHR shareholders?

Yes. On September 8, 2026, the reporting persons issued a press release regarding an open letter to Braemar Hotels & Resorts Inc. shareholders. The letter is referenced as the September 8, 2026 Letter and is attached as Exhibit 12 to the filing.

Do the reporting persons have sole or shared voting power over their BHR shares?

The filing reports 0 shares with sole voting power and 6,513,000 shares with shared voting power. It likewise shows 0 shares with sole dispositive power and 6,513,000 shares with shared dispositive power over Braemar Hotels & Resorts Inc. common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/08/2026 - 04:02 PM Accepted by SEC EDGAR 09/08/2026 - 04:01 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 13)

Braemar Hotels & Resorts Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

10482B101

(CUSIP Number)

Mark Crockwell
5B Waterloo Lane,,
Pembroke, D0, HM 08
1 441 298 8104

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

09/08/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 10482B101

1

Name of reporting person

Al Shams Investments LTD

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

BERMUDA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 6,513,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 6,513,000.00

11

Aggregate amount beneficially owned by each reporting person

6,513,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.48 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

Based on 68,679,318 shares of common stock outstanding as of August 4, 2026, as disclosed in the Issuer's Quarterly Report on Form 10-Q.

SCHEDULE 13D

CUSIP Number(s): 10482B101

1

Name of reporting person

Wafic Rida Said

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CANADA (FEDERAL LEVEL)

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 6,513,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 6,513,000.00

11

Aggregate amount beneficially owned by each reporting person

6,513,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.48 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Based on 68,679,318 shares of common stock outstanding as of August 4, 2026, as disclosed in the Issuer's Quarterly Report on Form 10-Q.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock
(b)	Name of Issuer: Braemar Hotels & Resorts Inc.
(c)	Address of Issuer's Principal Executive Offices: 14185 DALLAS PARKWAY, SUITE 1100, DALLAS, TEXAS , 75254.
Item 4.	Purpose of Transaction
	Item 4 is hereby amended to add the following: On September 8, 2026, the Reporting Persons issued a press release regarding an open letter (the "September 8, 2026 Letter") to the Issuer's shareholders. In the September 8, 2026 Letter, the Reporting Persons reiterated their intent to nominate a slate of qualified and independent director nominees for election to the Issuer's Board at the 2026 Annual Meeting. The foregoing summary of the September 8, 2026 Letter does not purport to be complete and is subject to, and qualified in its entirety by, the September 8, 2026 Letter, a copy of which is attached here as Exhibit 12 and incorporated herein by reference.
Item 7.	Material to be Filed as Exhibits.
	Press Release, issued on September 8, 2026

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Al Shams Investments LTD

Signature:	/s/ Mark Crockwell
Name/Title:	Mark Crockwell, Director
Date:	09/08/2026

Wafic Rida Said

Signature:	/s/ Mark Crockwell
Name/Title:	Mark Crockwell, Attorney-in-Fact
Date:	09/08/2026