LIMITED WAIVER UNDER ADVISORY AGREEMENTLimited Waiver Under Advisory Agreement • March 14th, 2024 • Braemar Hotels & Resorts Inc. • Real estate investment trusts
This LIMITED WAIVER UNDER ADVISORY AGREEMENT (this “Waiver”) is entered into as of March 11, 2024, by and among BRAEMAR HOTELS & RESORTS INC. (the “Company”), BRAEMAR HOSPITALITY LIMITED PARTNERSHIP (the “Operating Partnership”), BRAEMAR TRS CORPORATION (“TRS”), ASHFORD INC. (“AINC”), and ASHFORD HOSPITALITY ADVISORS LLC (“Ashford LLC” and, together with AINC, the “Advisor”).
AMENDMENT NO. 2 TO THE MASTER PROJECT MANAGEMENT AGREEMENTMaster Project Management Agreement • March 14th, 2024 • Braemar Hotels & Resorts Inc. • Real estate investment trusts • Texas
This Amendment No. 2 to the Master Project Management Agreement (this “Amendment”), is dated and effective as of February 12, 2024, by and among BRAEMAR TRS CORPORATION, a Delaware corporation, CHH III TENANT PARENT CORP. a Delaware corporation and RC HOTELS (VIRGIN ISLANDS), INC., a U.S. Virgin Islands corporation (together with any taxable REIT subsidiaries of the Partnership hereafter existing, hereinafter referred to as a “Lessee”), PREMIER PROJECT MANAGEMENT LLC, a Maryland limited liability company (the “Manager”), BRAEMAR HOSPITALITY LIMITED PARTNERSHIP, a Delaware limited partnership (the “Partnership”) and the Landlords. All capitalized terms appearing herein that are not otherwise defined shall have the meanings ascribed to them in the Master Project Management Agreement, dated August 8, 2018, by and among the parties hereto (the “Master Agreement”).
FIRST AMENDMENT TO CREDIT AGREEMENTCredit Agreement • March 14th, 2024 • Braemar Hotels & Resorts Inc. • Real estate investment trusts
THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is executed on February 21, 2024, by and among BRAEMAR HOSPITALITY LIMITED PARTNERSHIP, a Delaware limited partnership (“Borrower”), BRAEMAR HOTELS & RESORTS INC., a Maryland corporation (the “Parent”), each lender party hereto (collectively, “Lenders”), and BANK OF AMERICA, N.A., as Administrative Agent (“Administrative Agent”).
