LIMITED WAIVER UNDER ADVISORY AGREEMENTLimited Waiver Under Advisory Agreement • August 8th, 2024 • Braemar Hotels & Resorts Inc. • Real estate investment trusts
This LIMITED WAIVER UNDER ADVISORY AGREEMENT (this “Waiver Agreement”) is entered into as of August 8, 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”).
AGREEMENT OF PURCHASE AND SALE by and among JRK Torrey Pines Hotel Owner LLC, a Delaware limited liability company (“Purchaser”) and CHH Torrey Pines Hotel Partners, LP, a Delaware partnership and CHH Torrey Pines Tenant Corp., a Delaware corporation...Purchase and Sale Agreement • August 8th, 2024 • Braemar Hotels & Resorts Inc. • Real estate investment trusts • California
THIS AGREEMENT OF PURCHASE AND SALE (this “Agreement”) is made as of the Effective Date, by and among JRK Torrey Pines Hotel Owner LLC, a Delaware limited liability company (“Purchaser”), and CHH Torrey Pines Hotel Partners, LP, a Delaware limited partnership (“Ground Lessee”), and CHH Torrey Pines Tenant Corp., a Delaware corporation (“Operating Lessee”, and together with Ground Lessee, “Seller”).
