08:39 AM EDT, 08/26/2025 (MT Newswires) -- Braemar Hotels & Resorts ( BHR ) said Tuesday it has entered into a cooperation agreement with the Ghassemieh Group, under which Bob Ghassemieh will be appointed to its board.

The company said Ghassemieh Group, which owns about 7.3% of Braemar's outstanding common stock, has agreed to standstill, voting, and other provisions as part of the agreement.

Shares of the company were up over 4% in Tuesday's premarket activity.

Price: 2.30, Change: +0.10, Percent Change: +4.55