DALLAS, Oct. 7, 2024
/PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR)
("Braemar" or the "Company") announced today that Jay Shah, a seasoned hospitality and real estate
executive, has joined the Board of Directors as a new independent
director.
"We are excited to welcome Jay to the Braemar Board of
Directors," said Monty J. Bennett,
Braemar's Chairman. "He brings extensive experience in both the
lodging industry and public company matters from his many years of
executive leadership positions at Hersha. His executive,
operational and finance knowledge will make him a valuable addition
to our board."
Mr. Shah, age 56, has been a Senior Advisor to Hersha Hotels
& Resorts ("Hersha") since November 8,
2023 and has been a trustee since 2006. Prior to his
role as Senior Advisor, Mr. Shah served as Hersha's Executive
Chairman since January 1, 2023.
Prior to his role as Executive Chairman, Mr. Shah served as
Hersha's Chief Executive Officer for 17 years and before that he
served as Hersha's President and Chief Operating Officer.
Mr. Shah serves on Cornell
University's Dean's Advisory Board for the School of Hotel
Administration and is also a member of the American Hotel &
Lodging Association's ("AHLA") Board of Directors, AHLA Hospitality
Investment Roundtable, AHLA Owner's Roundtable, and the Chief
Executives Organization. He serves on the Jefferson
University and Hospital System's CEO advisory board and is a member
of the Board of Trustees of both the National Constitution Center
and the Philadelphia Museum of Art.
Mr. Shah earned a Bachelor of Science degree from the
Cornell University School of Hotel
Administration, an MBA from the Temple
University Fox School of Business, and a Law degree from
Temple University Beasley School of
Law.
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.
