On July 29, 2024, Wafic Saïd announced that on July 25, 2024, he has sent an email to Bennett and Stockton, expressing displeasure and frustration at the status of discussions with Braemar Hotels & Resorts Inc, reiterating key proposals in prior communications and requesting commitments from the Company by the end of July 2024. Wafic Saïd alleged that the London meeting was merely a tactic to gain leverage in negotiations with Blackwells and that the delay in addressing his proposals for the Company?s reform was a stalling tactic. He emphasized that these recommendations had been known for over a month and should be promptly addressed.

Wafic Saïd outlined his expectations for commitments by the end of the month on three key proposals: 1) Ending the management agreement between Braemar and Ashford and transitioning to a self-managed REIT, 2) Renegotiating the termination fee with Ashford to a more reasonable amount, potentially payable in Braemar shares rather than cash, and 3) appointing new, truly independent members to the Braemar Board to act in the best interests of all shareholders. Additionally, Wafic Saïd expressed that if these commitments were not met, he would take necessary actions to ensure the reforms are implemented, asserting that his demands align with the best interests of the Company and would likely gain majority support from its shareholders.