Company: BHR-PD
Filing Date: 2025-08-26
Form Type: 8-K
Source: 0001104659-25-083118
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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 the terms of the Letter Agreement.
If a Company Sale Transaction has not been consummated by July 1, 2028, the Letter Agreement shall terminate without further obligation
by the Company to pay the Company Sale Fee or to make any other payment to the Advisor in connection with the Letter Agreement and, for
the avoidance of doubt, the Advisory Agreement shall remain in full force and effect.

Upon the consummation of a Company Sale Transaction,
the Advisory Agreement will be terminated.

The Letter Agreement contains additional customary
terms, conditions, covenants, representations and warranties from each of the respective parties.

ITEM 7.01 REGULATION FD DISCLOSURE.