Braemar Hotels: Al Shams reports 9.48% stake

The disclosed position gives both reporting persons shared voting and dispositive power over 6,513,000 shares, equal to 9.48% of the class.

Available on EDGAR 10/30/2026 - 05:06 PM EDT Accepted by SEC EDGAR 10/30/2026 - 05:05 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Braemar Hotels & Resorts Inc. (BHR) is the issuer in an amended Schedule 13D filed by reporting persons Al Shams Investments LTD and Wafic Rida Said. Each reports beneficial ownership of 6,513,000 common shares, or 9.48% of the class, with shared voting and dispositive power over 6,513,000 shares and no sole voting or dispositive power.

Al Shams said it regards the proposed refresh of Braemar’s Board as the right way forward and welcomes the proposed move toward a substantially independent Board. It said it had engaged with Ferguson Partners but had not met the proposed directors, and expressed hope the changes will be positive under Richard Stockton’s leadership.

Key Figures

Beneficial ownership: 6,513,000 shares Class ownership: 9.48% Shared voting power: 6,513,000 shares +2 more

5 metrics

Beneficial ownership 6,513,000 shares Reported by each reporting person

Class ownership 9.48% Reported by each reporting person

Shared voting power 6,513,000 shares Reported by each reporting person

Shared dispositive power 6,513,000 shares Reported by each reporting person

Sole voting and dispositive power 0 shares Reported by each reporting person

Key Terms

Aggregate amount beneficially owned, Shared Voting Power, Shared Dispositive Power

3 terms

Aggregate amount beneficially owned financial

"Aggregate amount beneficially owned by each reporting person"

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"

FAQ

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

How many BHR shares do Al Shams Investments LTD and Wafic Rida Said report?

Each reports beneficial ownership of 6,513,000 Braemar common shares, representing 9.48% of the class. Each also reports shared voting and dispositive power over 6,513,000 shares.

What did Al Shams say about Braemar’s proposed Board refresh?

Al Shams Investments said it regarded the proposed refresh as the right way forward and welcomed a move toward a substantially independent Board. It said it had engaged with Ferguson Partners but had not met the proposed directors, whom it said collectively had experience across REITs, real estate investment, hospitality, capital markets and public-company governance.

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

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 16)

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)

10/30/2026

(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

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

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 1200, DALLAS, TEXAS , 75254.
Item 4.	Purpose of Transaction
	Item 4 is hereby amended and supplemented as follows: On October 30, 2026, ASIL made the following statement: "Al Shams Investments regards the proposed refresh of Braemar's Board as the right way forward. We have engaged with Ferguson Partners, although we have not met the proposed directors ourselves. However, the individuals put forward have impressive credentials, and collectively they appear to bring significant experience across REITs, real estate investment, hospitality, capital markets, and public company governance. The proposed move towards a substantially independent Board is welcome. Strong, independent governance has long been important to Al Shams Investments, and we hope these changes will prove to be a positive step towards a new chapter for Braemar under the leadership of Richard Stockton."

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:	10/30/2026

Wafic Rida Said

Signature:	/s/ Mark Crockwell
Name/Title:	Mark Crockwell, Attorney-in-Fact
Date:	10/30/2026