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The latest announcement is out from Braemar Hotels & Resorts ( (BHR) ).
On February 20, 2026, Braemar Hotels & Resorts’ board, acting under its bylaws and a prior cooperation agreement, unanimously determined that director Babak “Bob” Ghassemieh had breached that agreement and violated company policies, rendering his previously signed resignation letter effective as of that date. The board cited alleged violations of the Code of Business Conduct and Ethics, participation in an undisclosed shareholder group, and other conduct contrary to the agreement, while confirming that Ghassemieh and related signatories remain bound by key voting, standstill and non-disparagement obligations.
In a February 23, 2026 response letter, Ghassemieh, through counsel, strongly denied any breach, asserted he had complied with the cooperation agreement and company policies, and instead tendered his resignation citing inability to serve consistent with his fiduciary duties amid what he described as an entrenched board and governance conflicts tied to the advisory agreement with Ashford. He characterized the company’s actions as retaliatory against his efforts to raise concerns about conflicts of interest and the sizeable advisory termination fee, arguing that the board’s move removes a director with a significant personal investment who was aligned with shareholder interests and may further inflame ongoing shareholder governance disputes.
The most recent analyst rating on (BHR) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Braemar Hotels & Resorts stock, see the BHR Stock Forecast page.
Spark’s Take on BHR Stock
According to Spark, TipRanks’ AI Analyst, BHR is a Neutral.
Overall score reflects pressured fundamentals (declining revenue and ongoing losses, with leverage risk) partially offset by resilient cash flow signals, a modestly improving technical setup, and a mixed-but-improving operating narrative from the earnings call (RevPAR and EBITDA growth led by resorts). Valuation support comes mainly from the high dividend yield, tempered by negative earnings (negative P/E).
To see Spark’s full report on BHR stock, click here.
More about Braemar Hotels & Resorts
Braemar Hotels & Resorts Inc. is a lodging real estate investment company focused on owning luxury and upper-upscale hotels and resorts. The company operates within the U.S. hospitality and lodging sector, working closely with advisor Ashford Inc. under a long-term advisory agreement that has drawn scrutiny from certain activist shareholders over governance and fee structures.
Average Trading Volume: 505,732
Technical Sentiment Signal: Buy
Current Market Cap: $209.4M
For an in-depth examination of BHR stock, go to TipRanks’ Overview page.