On July 8, 2024, Al Shams Investments Limited expressed that Braemar Hotels & Resorts Inc 's hotel assets are undervalued and present an attractive investment opportunity. ASIL and Mr. Said, who previously filed a Schedule 13G, have now filed a Schedule 13D due to proposed discussions with the Company's management ahead of the July 30, 2024, annual stockholders meeting to explore ways to enhance shareholder value. Al Shams Investments intends to engage in further discussions about enhancing shareholder value and may propose changes to the Company's assets, operations, governance, and strategic plans.

Al Shams Investments may also seek Board representation and request a waiver of ownership limitations. On June 3, 2024, Mr. Said recommended terminating the Company's management agreement with Ashford Inc. and replacing some directors with independent ones. On July 4, 2024, Mr. Said expressed concerns about a Cooperation Agreement involving the Company, Ashford entities, and Blackwells Parties, which included the withdrawal of Blackwells' proxy campaign and dismissal of pending litigation.