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.

Braemar Hotels & Resorts (BHR) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.

Braemar Hotels & Resorts (BHR) Moves 8.4% Higher: Will This Strength Last?

DALLAS , June 6, 2022 /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 2022 Investor Conference, on Tuesday, June 7, 2022, at 3:00 p.m. Eastern Time.

BRAEMAR HOTELS & RESORTS TO PRESENT AT NAREIT'S REITWEEK 2022 INVESTOR CONFERENCE

DALLAS , June 1, 2022 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced that its Board of Directors declared a quarterly cash dividend of $0.01 per diluted share for the Company's common stock for the second quarter ending June 30, 2022. The dividend, which equates to an annual rate of $0.04 per share, is payable on July 15, 2022, to stockholders of record as of June 30, 2022.

BRAEMAR HOTELS & RESORTS DECLARES DIVIDEND FOR THE SECOND QUARTER OF 2022

The company has been hurt by the pandemic. The company has recently showed signs of recovery.

Braemar Hotels & Resorts Is An Interesting Pick

Braemar Hotels & Resorts Inc. (NYSE:BHR ) Q1 2022 Results Conference Call May 5, 2022 11:00 AM ET Company Participants Jordan Jennings - Manager, Investor Relations Richard Stockton - President and CEO Deric Eubanks - Chief Financial Officer Chris Nixon - Senior Vice President and Head, Asset Management Conference Call Participants Tyler Batory - Oppenheimer Kyle Menges - B. Riley Securities Operator Greetings, and welcome to Braemar Hotels & Resorts Inc. First Quarter 2022 Results Conference Call.

Braemar Hotels & Resorts Inc. (BHR) CEO Richard Stockton on Q1 2022 Results - Earnings Call Transcript

DALLAS , April 25, 2022 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) (the "Company" or "Braemar"), announced today its preliminary expectations for net income attributable to common stockholders, Adjusted EBITDAre, and Adjusted FFO for the first quarter ended March 31, 2022. The Company reported today a preliminary estimated range of net income attributable to common stockholders of approximately $10.6 million to $12.0 million, a preliminary estimated range of Adjusted EBITDAre of $48.5 million to $49.9 million, and a preliminary estimated range of Adjusted FFO available to common stockholders, OP unitholders, Series B Cumulative Convertible preferred stockholders and convertible note holders on an "as converted" basis of $36.4 million to $37.8 million for the first quarter ended March 31, 2022.

BRAEMAR HOTELS & RESORTS ANNOUNCES PRELIMINARY FIRST QUARTER 2022 RESULTS

DALLAS , April 7, 2022 /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 for the second quarter ending June 30, 2022, of $0.3438 per diluted share, for the Company's 5.5% Series B Cumulative Convertible Preferred Stock. This dividend is payable on July 15, 2022, to stockholders of record as of June 30, 2022.

BRAEMAR HOTELS & RESORTS DECLARES PREFERRED DIVIDENDS FOR SECOND QUARTER OF 2022

DALLAS , April 6, 2022 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") reported today that the Company expects to report occupancy of approximately 55% for the first quarter of 2022 with an average daily rate ("ADR") of approximately $597 resulting in RevPAR of approximately $328. This RevPAR reflects an approximate increase of 69% compared to the first quarter of 2021 and an approximate increase of 20% compared to the first quarter of 2019.

BRAEMAR HOTELS & RESORTS ANNOUNCES PRELIMINARY REVPAR RESULTS FOR FIRST QUARTER 2022

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Ho-Ho-Hotels: Pack Up The Sled, Who Cares About The Fed

DALLAS, March 14, 2022 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced that it has completed the acquisition of the 96-room Dorado Beach, a Ritz-Carlton Reserve in Dorado, Puerto Rico (the "Dorado Beach" or the "Property"), previously announced on December 27, 2021.  In addition, the Company acquired the income stream attributable to fourteen luxury residential units adjacent to the Property that participate in a rental management program.

BRAEMAR HOTELS & RESORTS COMPLETES ACQUISITION OF DORADO BEACH, A RITZ-CARLTON RESERVE

DALLAS, March 7, 2022 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced the reinstatement of its quarterly common stock dividend. The Board of Directors declared a quarterly cash dividend of $0.01 per diluted share for the Company's common stock for the first quarter ending March 31, 2022.

BRAEMAR HOTELS & RESORTS ANNOUNCES THE REINSTATEMENT OF QUARTERLY COMMON STOCK DIVIDENDS, DECLARES FIRST QUARTER DIVIDEND AND ISSUES GUIDANCE FOR 2022 DIVIDENDS

Braemar Hotels & Resorts, Inc.'s (BHR) CEO Richard Stockton on Q4 2021 Results - Earnings Call Transcript

DALLAS, Feb. 3, 2022 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced that it has successfully refinanced its mortgage loan for the 190-room Park Hyatt Beaver Creek Resort & Spa in Beaver Creek, Colorado which had a final maturity date in April 2022.  The financing addressed the Company's only final debt maturity in 2022.

BRAEMAR HOTELS & RESORTS ANNOUNCES THE REFINANCING OF THE PARK HYATT BEAVER CREEK RESORT & SPA

DALLAS, Feb. 1, 2022 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) (the "Company" or "Braemar") announced today its preliminary expectations for net loss attributable to common stockholders, Adjusted EBITDAre, and Adjusted FFO for the fourth quarter and year ended December 31, 2021. The Company reported today a preliminary estimated range of net loss attributable to common stockholders of approximately $(5.2) million to $(3.8) million or $(0.08) to $(0.06) per share, a preliminary estimated range of Adjusted EBITDAre of $28.7 million to $30.1 million, and a preliminary estimated range of Adjusted FFO available to common stockholders, OP unitholders, Series B Cumulative Convertible preferred stockholders and convertible note holders on an "as converted" basis of $19.4 million to $20.8 million for the fourth quarter ended December 31, 2021.

BRAEMAR HOTELS & RESORTS ANNOUNCES PRELIMINARY FOURTH QUARTER AND YEAR END 2021 RESULTS

Ashford

DALLAS, Jan. 26, 2022 /PRNewswire/ -- Ashford Securities LLC ("Ashford Securities"), a wholly-owned subsidiary of Ashford Inc. (NYSE American: AINC) ("Ashford"), today announced an update on sales for its product, the Series E Redeemable Preferred Stock (brokerage shares) and Series M Redeemable Preferred Stock (advisory shares) of Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar"). For the month of January, sales were $17.4 million (as of January 21, 2022).

ASHFORD SECURITIES GROWTH DRIVEN BY STRONG RETAIL AND INSTITUTIONAL DEMAND

DALLAS, Jan. 24, 2022 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced the tax reporting (Federal Form 1099-DIV) information for the 2021 distributions on its Series B, D, E and M preferred shares. The income tax treatment for the 2021 distributions for Braemar Hotels and Resorts Inc. Series B Cumulative Convertible Preferred Stock CUSIP #10482B200 traded on the NYSE under ticker symbol "BHRPrB" is as follows: Distribution Type Distributions Per Share Ordinary Taxable Dividend Capital Gain Distribution Unrecaptured 1250 Gain Return of Capital Total Cash Per Share $1.3752000 $0.0000000 $0.0000000 $0.0000000 $1.3752000 Percent 100% 0% 0% 0% 100% The income tax treatment for the 2021 distributions for Braemar Hotels and Resorts Inc. Series D Cumulative Preferred Stock CUSIP #104823B09 traded on the NYSE under ticker symbol "BHRPrD" is as follows: Distribution Type Distributions Per Share Ordinary Taxable Dividend Capital Gain Distribution Unrecaptured 1250 Gain Return of Capital Total Cash Per Share $2.0624000 $0.0000000 $0.0000000 $0.0000000 $2.0624000 Percent 100% 0% 0% 0% 100% The income tax treatment for the 2021 distributions for Braemar Hotels and Resorts Inc. Series E Redeemable Preferred Stock CUSIPs #10482B606 and 10482B804 is as follows: Distribution Type Distributions Per Share Ordinary Taxable Dividend Capital Gain Distribution Unrecaptured 1250 Gain Return of Capital Total Cash Per Share $0.8330000 $0.0000000 $0.0000000 $0.0000000 $0.8330000 Percent 100% 0% 0% 0% 100% The income tax treatment for the 2021 distributions for Braemar Hotels and Resorts Inc. Series M Redeemable Preferred Stock CUSIPs #10482B705 and 10482B887 is as follows: Distribution Type Distributions Per Share Ordinary Taxable Dividend Capital Gain Distribution Unrecaptured 1250 Gain Return of Capital Total Cash Per Share $0.6832000 $0.0000000 $0.0000000 $0.0000000 $0.6832000 Percent 100% 0% 0% 0% 100% The preferred distributions that the Company paid on January 15, 2021 to shareholders of record as of December 31, 2020 are reportable in 2021.

BRAEMAR HOTELS & RESORTS ANNOUNCES TAX REPORTING INFORMATION FOR 2021 PREFERRED SHARE DISTRIBUTIONS

DALLAS, Jan. 18, 2022 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced that it has received a letter from the Securities and Exchange Commission ("SEC") stating that the SEC's investigation is concluded, and that the SEC enforcement staff does not intend to recommend any action by the SEC against Braemar. Ashford Hospitality Trust, Inc. (NYSE: AHT) and Ashford Inc. (NYSE American: AINC) also each received a letter stating that the SEC's investigation is concluded, and that the SEC enforcement staff does not intend to recommend any action against the respective company.

BRAEMAR HOTELS & RESORTS ANNOUNCES TERMINATION OF SEC INVESTIGATION

DALLAS, Jan. 10, 2022 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") announced today that its Board of Directors declared a quarterly cash dividend for the first quarter ending March 31, 2022, of $0.3438 per diluted share, for the Company's 5.5% Series B Cumulative Convertible Preferred Stock. This dividend is payable on April 15, 2022, to stockholders of record as of March 31, 2022.

BRAEMAR HOTELS & RESORTS DECLARES PREFERRED DIVIDENDS FOR FIRST QUARTER OF 2022

DALLAS, Jan. 6, 2022 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") reported today preliminary portfolio occupancy of 60% for the month of December 2021 with an average daily rate ("ADR") of approximately $494 resulting in RevPAR of approximately $296. This RevPAR reflects an approximate increase of 189% versus December 2020 and an increase of approximately 29% versus December 2019.

BRAEMAR HOTELS & RESORTS ANNOUNCES PRELIMINARY REVPAR RESULTS FOR FOURTH QUARTER 2021

DALLAS, Dec. 27, 2021 /PRNewswire/ -- Acquisition Highlights: Ultra-luxury 96-key resort located within a 1,900-acre exclusive residential development. The Company will issue six million shares of common stock of the Company ("Common Stock"), $104 million of cash, and assume a $54 million loan to fund the acquisition.

BRAEMAR HOTELS & RESORTS ANNOUNCES AGREEMENT TO ACQUIRE DORADO BEACH, A RITZ-CARLTON RESERVE

DALLAS, Nov. 15, 2021 /PRNewswire/ -- Ashford Securities LLC ("Ashford Securities"), a wholly-owned subsidiary of Ashford Inc. (NYSE American: AINC) ("Ashford"), continues to receive strong interest from the investment community for its recently launched product, shares of Series E Redeemable Preferred Stock (brokerage shares) and Series M Redeemable Preferred Stock (advisory shares) of Braemar Hotels & Resorts, Inc. (NYSE: BHR) ("Braemar"), and today announced sales of shares of  $21.3 million for the month of November (as of November 12, 2021). The strong month-to-date November performance was primarily driven by sales to several institutional investors totaling approximately $20 million (based on the stated value of shares sold).

Ashford Securities Announces Recent Sales For Its First Investment Product

Braemar Hotels & Resorts' (BHR) CEO Richard Stockton on Q3 2021 Results - Earnings Call Transcript

Braemar Hotels & Resorts (BHR) delivered FFO and revenue surprises of -5.56% and 24.36%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Braemar Hotels & Resorts (BHR) Lags Q3 FFO Estimates

DALLAS, Oct. 12, 2021 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") announced today that the Company's management team will ring the New York Stock Exchange's Opening Bell on Wednesday, October 13, 2021, in conjunction with its 2021 Investor & Analyst Day. In addition to live television coverage, the Opening Bell will ring at 9:30 a.m.

Braemar Hotels & Resorts To Ring Opening Bell At NYSE

DALLAS, Oct. 5, 2021 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") announced today that it will host an Investor & Analyst Day in New York City on Tuesday, October 12, 2021, at the Park Lane Hotel. A live webcast of the virtual event will be available at the Company's website at www.bhrreit.com.

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