X0202 SCHEDULE 13D/A 0001765296 XXXXXXXX LIVE 6 Common Stock 05/08/2026 false 0001574085 10482B101 Braemar Hotels & Resorts Inc.

14185 DALLAS PARKWAY SUITE 1100 DALLAS TX 75254

Mark Crockwell 1 441 298 8104 5B Waterloo Lane Pembroke D0 HM 08 0001765296 N Al Shams Investments LTD AF N D0 0.00 6513000.00 0.00 6513000.00 6513000.00 N 9.55 CO 0001769005 N Wafic Rida Said PF N Z4 0.00 6513000.00 0.00 6513000.00 6513000.00 N 9.55 IN Common Stock Braemar Hotels & Resorts Inc. 14185 DALLAS PARKWAY SUITE 1100 DALLAS TX 75254 On May 8, 2026, the Reporting Persons sent an open letter (the "May 8, 2026 letter") to the independent directors of the Board of Directors (the "Board") of the Issuer informing them that they should pause all efforts to sell individual hotel assets and that ASIL intends to seek to elect new directors at the Issuer's 2026 Annual Meeting of Stockholders (the "Annual Meeting"). The Reporting Persons lack confidence that this Board can fulfill its complex duties or act with fidelity on behalf of public shareholders. In the Reporting Persons' view, the Issuer's past election results reflect a lack of shareholder trust and confidence in the Board's independent oversight and prudential judgment. As such, the Reporting Persons believe shareholders should have an opportunity to elect new directors to the Board. The Reporting Persons indicated their intention to nominate candidates to the Board at the upcoming Annual Meeting. The foregoing summary of the May 8, 2026 letter does not purport to be complete and is subject to, and qualified in its entirety by, the May 8, 2026 letter, a copy of which is attached here as Exhibit 7 and incorporated herein by reference. Letter, dated May 8, 2026, from Wafic Rida Said to the Independent Members of the Board of the Issuer Al Shams Investments LTD /s/ Mark Crockwell 05/08/2026 Wafic Rida Said /s/ Mark Crockwell 05/08/2026