Company: BHR-PD
Filing Date: 2025-08-26
Form Type: 8-K
Source: 0001104659-25-082767
Chunk: 1

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-08-26
Form: 8-K
Item: Item 1.01
Chunk 1
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 Company Group, including a mutual non-disparagement provision, each of which will
remain in effect until the later of (i) the date of the Company’s 2026 Annual Meeting of Stockholders and (ii) the date
that is three months after the last day that Mr. Ghassemieh (or a Replacement Director) is a member of the Board.

The foregoing summary of the Agreement does not
purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, a copy of which is attached as
Exhibit 10.1 and is incorporated herein by reference.

Item 5.02 Departure of Directors
or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

The information set forth in
Item 1.01 is incorporated herein by reference.

Pursuant to the Agreement, on
August 25, 2025, Mr. Ghassemieh was appointed to the Board. The Board has determined that Mr. Ghassemieh is an independent
director under New York Stock Exchange listing standards and the Company’s Corporate Governance Guidelines. Mr. Ghassemieh
has not been appointed to serve on any committee of the Board.

Mr. Ghassemieh will be eligible
to receive compensation for his service on the Board consistent with that provided to all non-employee directors, which is described under
the caption “ Board of Directors and Committees - Director Compensation” in the Company’s definitive proxy statement
on Schedule 14A filed with the SEC on October 10, 2024, as adjusted by the Board from time to time.

Mr. Ghassemieh, age 49,
has over 25 years of experience in the development, ownership, operation, management, and finance of commercial real estate, particularly
focused on luxury hotels for the last 20 years. He developed the Mr. C Beverly Hills luxury hotel in 2011 which was the launch of
the first Mr. C Hotels luxury branded property. Mr. C Hotels was a partnership with the Cipriani family, a 4 th

There are no arrangements or
understandings between Mr. Ghassemieh and any other person pursuant to which he was selected as a director, other than with respect
to the matters referenced under Item 1.01 of this Current Report on Form 8-K. Mr. Ghassemieh will execute the Company’s