Braemar Hotels & Resorts Inc

Braemar Hotels & Resorts, Inc. is a real estate investment trust, which engages in investing in luxury hotels and resorts. It focuses on the direct hotel investments, which refers to owning hotel properties through either acquisition or new development. The company was founded By Montgomery Jack Bennett in April 2013 and is headquartered in Dallas, TX.

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Braemar Hotels & Resorts posts record Q4 results and eyes strategic growth opportunities

Braemar Hotels & Resorts delivered strong financial performance in Q4 2022, driven by robust EBITDA growth and RevPAR increases. The company's strategic focus on acquisitions and portfolio enhancement, coupled with a strong balance sheet and optimistic outlook, positions it well for future growth.

Braemar Hotels & Resorts posts solid Q1 results, eyes growth

Braemar Hotels & Resorts demonstrated strong Q1 performance with solid EBITDA and RevPAR growth, supported by successful acquisitions and balance sheet strength.
Efficiency improvements post-COVID and ongoing capital investments position the company for future growth despite margin challenges and tough comps.
Optimism surrounds Braemar's portfolio performance, with opportunities in urban assets, group business growth, and continued investment in property development.

Braemar Hotels & Resorts Inc. reports solid Q2 performance and optimistic outlook

Braemar Hotels & Resorts Inc. delivered a strong Q2 performance driven by urban hotels and resort properties. Despite challenges like softening resort demand, the company remains optimistic about future results. Opportunities lie in rebranding efforts, extended group booking windows, and projected growth in 2024 group pace.

Braemar Hotels & Resorts reports resilient performance and strategic growth outlook

Braemar Hotels & Resorts showcased strong performance in Q3 2023, driven by urban hotels and resilient luxury resorts.
Despite challenges such as net losses and RevPAR decline, the company's strategic initiatives and financial position offer stability.
Opportunities lie in demand stabilization, asset management focus, and strategic growth avenues for 2024 and beyond.
With a solid cash position and recent capital activities, Braemar is positioned to navigate market uncertainties and drive future growth.

Braemar Hotels & Resorts Inc excels in Q4 2023, eyes growth opportunities

Braemar Hotels & Resorts Inc delivered a strong performance in Q4 2023, driven by the success of urban hotels and luxury resorts, along with exceeding acquisition expectations.
Despite facing challenges such as a net loss and cost pressures, the company's robust balance sheet and focus on financial management position it well for future growth.
Opportunities lie in capital projects, revenue optimization, and strategic asset management, offering avenues for enhancing shareholder value and operational efficiency.

Braemar Hotels & Resorts excels in Q1 2024, focuses on value creation

Braemar Hotels & Resorts delivered a strong performance in Q1 2024, with positive RevPAR growth, successful acquisitions, and a focus on financial flexibility.
The company's emphasis on shareholder value creation through asset optimization and strategic initiatives underscores a commitment to enhancing investor returns.
While challenges such as market dynamics and asset performance exist, Braemar Hotels & Resorts is poised to capitalize on opportunities for growth and profitability.

Braemar Hotels & Resorts reports strong Q2 performance and strategic value creation

Braemar Hotels & Resorts showcased strong financial performance in Q2 2024, driven by RevPAR growth and strategic initiatives for shareholder value creation. While facing challenges like a net loss and evaluating asset sales, the company remains focused on optimizing its portfolio and operational efficiency. With opportunities to leverage successful initiatives and asset management activities, Braemar is poised for continued growth and value creation.

Braemar Hotels & Resorts reports strong Q3 performance and growth opportunities

Braemar Hotels & Resorts delivered a strong Q3 performance in urban hotels, showcasing financial resilience and progress on shareholder value creation.
Despite challenges like a net loss and hurricane impacts, the company's focus on balance sheet strength and strategic initiatives bode well for future growth.
Opportunities lie in capitalizing on positive market trends, executing the shareholder value creation plan, and enhancing asset management strategies.
Overall, Braemar Hotels & Resorts remains optimistic about its hotel performance, balance sheet health, and outlook for sustained success.

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Braemar Hotels & Resorts, Inc. is a real estate investment trust, which engages in investing in luxury hotels and resorts. It focuses on direct hotel investments, which refer to owning hotel properties through either acquisition or new development. The company was founded by Montgomery Jack Bennett on April 2013 and is headquartered in Dallas, TX.

DALLAS , Oct. 8, 2023 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced that the Company has changed the scheduled date and start time of its third quarter 2023 earnings conference call. The call was previously scheduled for Thursday, November 2, 2023, at 12:00 p.m.

BRAEMAR HOTELS & RESORTS ANNOUNCES DATE AND TIME CHANGE FOR THIRD QUARTER EARNINGS RELEASE AND CONFERENCE CALL

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The headline numbers for Braemar Hotels & Resorts (BHR) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Braemar Hotels & Resorts (BHR) Q2 Earnings: A Look at Key Metrics

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Braemar Hotels & Resorts reported a net loss of $13 million in Q2 2023, with a decline in revenue per available room and average daily rate. Concerns arise from the company's substantial debt obligations due next year. The company's historical share price, a reflection of market sentiment, shows a long-term decline.

Braemar Hotels & Resorts: Bad Q2, Even Worse Balance Sheet

Braemar's dividend yield has been pushed to a 3-year high on the back of stock price weakness. The hotel REIT has seen adjusted funds from operations and revenue per available room decline over their year-ago comps. Dividend coverage sits at around 100%, but future payouts look uncertain against a $435 million debt maturity next year in June.

Braemar Hotels & Resorts: Avoid The Commons Forever

DALLAS , Aug. 1, 2023 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today reported financial results and performance measures for the second quarter ended June 30, 2023. The comparable performance measurements for Occupancy, Average Daily Rate (ADR), Revenue Per Available Room (RevPAR), and Hotel EBITDA assume each of the hotel properties in the Company's hotel portfolio as of June 30, 2023, was owned as of the beginning of each of the periods presented.

BRAEMAR HOTELS & RESORTS REPORTS SECOND QUARTER 2023 RESULTS

DALLAS , Aug. 1, 2023 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced the rebranding and planned conversion of its Mr. C Beverly Hills ("Mr.

BRAEMAR HOTELS & RESORTS UNVEILS THE CAMEO BEVERLY HILLS, A REBRANDING OF THE MR. C BEVERLY HILLS, JOINING THE HILTON FAMILY OF BRANDS

DALLAS , Aug. 1, 2023 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced that it has entered into a new $200 million corporate financing. The financing has an initial three-year term and includes a senior secured term loan facility in an initial principal amount of $150 million and a senior secured revolving credit facility in an initial principal amount of $50 million.

BRAEMAR HOTELS & RESORTS ANNOUNCES NEW $200 MILLION CORPORATE FINANCING

DALLAS , July 11, 2023 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") announced today that its Board of Directors (the "Board") declared a quarterly cash dividend of $0.05 per diluted share for the Company's common stock for the third quarter ending September 30, 2023.  This dividend, which equates to an annual rate of $0.20 per share, is payable on October 16, 2023, to stockholders of record as of September 29, 2023.

BRAEMAR HOTELS & RESORTS DECLARES DIVIDENDS FOR THE THIRD QUARTER OF 2023

DALLAS , June 13, 2023 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") announced that it has finalized an extension of its $435 million mortgage loan secured by four properties: The Notary Hotel, The Clancy, Sofitel Chicago Magnificent Mile, and Marriott Seattle Waterfront. The loan is being extended beyond its original initial maturity in June 2023 for an additional twelve months.

BRAEMAR HOTELS & RESORTS ANNOUNCES EXTENSION OF MORTGAGE LOAN FOR 4-HOTEL PORTFOLIO

DALLAS , June 2, 2023 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced that Richard Stockton, Braemar's President and Chief Executive Officer, is scheduled to present to the investment community at Nareit's REITweek 2023 Investor Conference, on Tuesday, June 6, 2023, at 11:45 a.m. Eastern Time.

BRAEMAR HOTELS & RESORTS TO PRESENT AT NAREIT'S REITWEEK 2023 INVESTOR CONFERENCE

The comparable RevPAR in Q1 2023 increased by 8.4% to $369, occupancy showed an impressive increase of 18.4% to 64.9%. The company is trading on attractive valuations with only 0.65x its book value.

Braemar Hotels & Resorts: Occupancy Rates Are Coming Up Fast

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Despite lingering recession concerns, hotel REITs are pacing for a second-straight year of outperformance after punishing early-pandemic declines, buoyed by steady post-pandemic operating improvement and the long-awaited return of dividends. The final pandemic-era travel restrictions were lifted last week with the ending of the vaccine mandate for foreign arrivals. International travel demand should provide a healthy tailwind over the coming quarters.

Hotel REITs: Pandemic Is Officially Over

Braemar Hotels & Resorts Inc. (NYSE:BHR ) Q1 2023 Earnings Conference Call May 3, 2023 11:00 AM ET Company Participants Jordan Jennings - Investor Relations Richard Stockton - President and Chief Executive Officer Deric Eubanks - Chief Financial Officer Christopher Nixon - Executive Vice President and Head of Asset Management Conference Call Participants Michael Bellisario - Baird Chris Woronka - Deutsche Bank Bryan Maher - B. Riley Securities Tyler Batory - Oppenheimer Operator Greetings.

Braemar Hotels & Resorts Inc. (BHR) Q1 2023 Earnings Call Transcript

Braemar Hotels & Resorts (BHR) came out with quarterly funds from operations (FFO) of $0.44 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to FFO of $0.41 per share a year ago.

Braemar Hotels & Resorts (BHR) Surpasses Q1 FFO and Revenue Estimates

DALLAS , April 18, 2023 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") announced that it has finalized an extension of its $51.0 million mortgage loan for the 80-room Hotel Yountville. The loan is being extended beyond its original maturity in May 2023 for an additional 6 months with one additional 6-month extension available.

BRAEMAR HOTELS & RESORTS ANNOUNCES AN EXTENSION ON ITS MORTGAGE LOAN FOR THE HOTEL YOUNTVILLE

DALLAS , April 10, 2023 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") announced that it has finalized an extension of its $98.0 million mortgage loan for the 276-room The Ritz-Carlton Sarasota. The loan is being extended beyond its original maturity in April 2023 for an additional 6 months with one additional 6-month extension available.

BRAEMAR HOTELS & RESORTS ANNOUNCES AN EXTENSION ON ITS MORTGAGE LOAN FOR THE RITZ-CARLTON SARASOTA

DALLAS , April 5, 2023 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") announced today that its Board of Directors (the "Board") declared a quarterly cash dividend of $0.05 per diluted share for the Company's common stock for the second quarter ending June 30, 2023.  The dividend, which equates to an annual rate of $0.20 per share, is payable on July 17, 2023, to stockholders of record as of June 30, 2023.

BRAEMAR HOTELS & RESORTS DECLARES DIVIDENDS FOR THE SECOND QUARTER OF 2023

Braemar Hotels & Resorts (BHR) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down -20.77% in 4 Weeks, Here's Why Braemar Hotels & Resorts (BHR) Looks Ripe for a Turnaround

DALLAS , March 14, 2023 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") issued the following statement today:  In light of recent events in the banking industry, the Company thought it would be helpful to provide some clarity on its current cash holdings.  Currently, approximately 60% of the Company's cash is held in short-term U.S. Treasury Securities with maturity dates of less than 90 days.

BRAEMAR HOTELS & RESORTS ISSUES STATEMENT REGARDING CASH HOLDINGS

Braemar Hotels & Resorts, Inc. (NYSE:BHR ) Q4 2022 Earnings Conference Call February 23, 2023 11:00 AM ET Company Participants Jordan Jennings - Investor Relations Richard Stockton - President and Chief Executive Officer Deric Eubanks - Chief Financial Officer Christopher Nixon - Executive Vice President and Head of Asset Management Conference Call Participants Tyler Batory - Oppenheimer Michael Bellisario - Baird Operator Greetings, and welcome to the Braemar Hotels & Resorts, Inc. Fourth Quarter 2022 Results Conference Call. At this time, all participants are in a listen-only mode.

Braemar Hotels & Resorts, Inc. (BHR) Q4 2022 Earnings Call Transcript

Braemar Hotels & Resorts (BHR) delivered FFO and revenue surprises of 45.45% and 5.34%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Braemar Hotels & Resorts (BHR) Tops Q4 FFO and Revenue Estimates

DALLAS , Jan. 26, 2023 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced the tax reporting (Federal Form 1099-DIV) information for the 2022 distributions on its common shares and its Series B, D, E and M preferred shares. The amounts below represent the income tax treatment applicable to each distribution that is reportable in 2022.

News for Braemar Hotels & Resorts Inc Stock (BHR)