BRAEMAR HOTELS & RESORTS ANNOUNCES TERMINATION OF SEC INVESTIGATION
Braemar Hotels & Resorts (NYSE: BHR) announced the conclusion of an SEC investigation without any recommended actions against the company. Both Ashford Hospitality Trust (NYSE: AHT) and Ashford Inc. (NYSE American: AINC) received similar letters confirming the closure of their investigations. This news signifies a positive outcome for all three companies, allowing them to move forward without pending legal concerns.
- SEC investigation concluded with no actions recommended against Braemar Hotels & Resorts.
- Positive outcome for Ashford Hospitality Trust and Ashford Inc. as their investigations are also closed.
- None.
DALLAS, Jan. 18, 2022 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced that it has received a letter from the Securities and Exchange Commission ("SEC") stating that the SEC's investigation is concluded, and that the SEC enforcement staff does not intend to recommend any action by the SEC against Braemar. Ashford Hospitality Trust, Inc. (NYSE: AHT) and Ashford Inc. (NYSE American: AINC) also each received a letter stating that the SEC's investigation is concluded, and that the SEC enforcement staff does not intend to recommend any action against the respective company.
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Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts.
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SOURCE Braemar Hotels & Resorts Inc.
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