The undersigned hereby agree that the statement on Schedule 13D with respect to the common stock, $0.01 par value, of Braemar Hotels & Resorts Inc. dated as of the date hereof is, and any further amendments thereto signed by each of the undersigned shall be, filed on behalf of each of the undersigned pursuant to and in accordance with the provisions of Rule 13d-1(f) under the Securities Exchange Act of 1934, as amended.

		AL SHAMS INVESTMENTS LIMITED

		By:		/s/ Mark Crockwell
		Name:		Mark Crockwell
		Title:		Director

		SPARTAN INVESTMENT MANAGEMENT LIMITED

		By:		/s/ Shaun Robert
		Name:		Shaun Robert
		Title:		Director

		WAFIC RIDA SAID

			/s/ Mark Crockwell
			Attorney-in-Fact