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Ashford Hospitality Trust said its subsidiary completed the sale of the Embassy Suites Philadelphia Hotel on Oct. 6 for about $26.0 million in cash, subject to customary prorations and adjustments.
Braemar Hotels & Resorts said it entered a cooperation and settlement agreement with Al Shams Investments and others, under which the investor withdrew board nomination notices and agreed to standstill and voting commitments. Braemar said it expects its total contribution to be $4 million to $6 million after insurance