Braemar resolved disputes, and Al Shams withdrew its board nomination. Braemar expects a $4 million to $6 million cost, but says its share should be less than possible litigation costs, making the deal favorable.
Ending the fight removes a source of legal expense and boardroom distraction. Braemar still faces a cash cost, and insurance recovery is not assured. But the company expects its share to be below the cost of possible litigation, so the resolution is favorable overall.
Ashford Hospitality Trust is named among the parties, and the deal resolves disputes. The filing assigns shared payments to Braemar and Ashford, but gives no separate cost for AHT, so it does not show a clear change for the company.
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