Al Shams Investments LTD → Braemar Hotels & Resorts Inc. BHR-PD

Item 4 is hereby amended to add the following: On June 15, 2026, the Reporting Persons issued a press release regarding an open letter (the "June 15, 2026 letter") the Reporting Persons sent to the outside members of the Board of the Issuer. In the June 15, 2026 letter, the Reporting Persons expressed their objection to the Board's decision to sell three hotel properties, which triggered a $480 million fee payable to Ashford, an entity controlled by Braemar's Chair, Monty Bennett. Additionally, the Reporting Persons expressed their intent to pursue all available legal avenues to address what they view as Mr. Bennett's brazen self-dealing. The Reporting Persons further reiterated their intent to nominate candidates for election to the Board at the 2026 Annual Meeting and called on the remaining outside directors to promptly call the 2026 Annual Meeting and allow shareholders to elect directors of their choosing. The foregoing summary of the June 15, 2026 letter does not purport to be complete and is subject to, and qualified in its entirety by, the June 15, 2026 letter, a copy of which is attached here as Exhibit 10 and incorporated herein by reference.