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 Inc. (NYSE:BHR ) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Deric Eubanks - Chief Financial Officer Richard Stockton - President and Chief Executive Officer Chris Nixon - Executive Vice President and Head of Asset Management Conference Call Participants Jonathan Jenkins - Oppenheimer Daniel Hogan - Robert W. Baird Operator Hello and thank you for standing by.

Braemar Hotels & Resorts Inc. (BHR) Q3 2024 Earnings Call Transcript

The headline numbers for Braemar Hotels & Resorts (BHR) give insight into how the company performed in the quarter ended September 2024, 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) Q3 Earnings: A Look at Key Metrics

Braemar Hotels & Resorts (BHR) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $0.08 per share a year ago.

Braemar Hotels & Resorts (BHR) Reports Q3 Loss, Misses Revenue Estimates

Brancous' misleading accusations are not constructive and could negatively impact the Company's business Blackwells encourages all Braemar shareholders to support the enhanced Board and management team NEW YORK, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital LLC (“Blackwells”), a shareholder of Braemar Hotels & Resorts Inc. (“Braemar” or the “Company”) (NYSE: BHR), today released a letter to its fellow Braemar shareholders: The full text of the letter follows: Dear Fellow Braemar Shareholders, Over the past months, Blackwells Capital, in its capacity as an engaged shareholder of Braemar Hotels & Resorts (“Braemar” or the “Company”), exchanged views with the board of directors (the “Board”) and management of Braemar. Blackwells' concerns were heard by Braemar, and Blackwells was pleased to enter into a constructive agreement with the Company, reflective of its confidence in the Board and management team to drive value for all shareholders.

Blackwells Capital Calls on Brancous to End its Alarmist Attacks on Braemar

DALLAS , Oct. 7, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") announced today that Jay Shah, a seasoned hospitality and real estate executive, has joined the Board of Directors as a new independent director. "We are excited to welcome Jay to the Braemar Board of Directors," said Monty J.

BRAEMAR HOTELS & RESORTS ADDS HOTEL INDUSTRY VETERAN JAY SHAH TO BOARD OF DIRECTORS

DALLAS , Oct. 7, 2024 /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 fourth quarter ending December 31, 2024. This dividend, which equates to an annual rate of $0.20 per share, is payable on January 15, 2025, to stockholders of record as of December 31, 2024.

BRAEMAR HOTELS & RESORTS DECLARES DIVIDENDS FOR THE FOURTH QUARTER OF 2024

DALLAS , Aug. 29, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced details for the release of its results for the third quarter ended September 30, 2024. Braemar plans to issue its earnings release for the third quarter after the market closes on Wednesday, November 6, 2024, and will host a conference call on Thursday, November 7, 2024, at 11:00 a.m.

BRAEMAR HOTELS & RESORTS SETS THIRD QUARTER EARNINGS RELEASE AND CONFERENCE CALL DATES

DALLAS , Aug. 7, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced that it has closed on a refinancing involving five hotels.  The new loan totals $407 million and has a two-year initial term with three one-year extension options, subject to the satisfaction of certain conditions, taking the final maturity to 2029.

BRAEMAR HOTELS & RESORTS REDUCES INTEREST COSTS AND EXTENDS MATURITIES WITH REFINANCING OF FIVE HOTELS

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Braemar Hotels & Resorts (BHR) came out with quarterly funds from operations (FFO) of $0.10 per share, missing the Zacks Consensus Estimate of $0.13 per share. This compares to FFO of $0.20 per share a year ago.

Braemar Hotels & Resorts (BHR) Lags Q2 FFO and Revenue Estimates

DALLAS , July 17, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced that it has closed on the previously announced sale of the Hilton La Jolla Torrey Pines for $165 million ($419,000 per key).  Including anticipated capital expenditures of $40 million, the sale price represents a 7.2% capitalization rate on net operating income for the trailing twelve months ended March 31, 2024.

BRAEMAR HOTELS & RESORTS ANNOUNCES SALE OF HILTON LA JOLLA TORREY PINES

DALLAS , July 11, 2024 /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, 2024.  This dividend, which equates to an annual rate of $0.20 per share, is payable on October 15, 2024, to stockholders of record as of September 30, 2024.

BRAEMAR HOTELS & RESORTS DECLARES DIVIDENDS FOR THE THIRD QUARTER OF 2024

Blackwells to Withdraw Proxy Solicitation and Vote in Favor of All Braemar Nominees and Proposals Company to Add Independent Director with Input from Blackwells, Which Will Become a Significant Shareholder  DALLAS , July 2, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced that it has entered into a cooperation agreement (the "Cooperation Agreement") with Blackwells Capital LLC ("Blackwells"). Under the terms of the Cooperation Agreement, Blackwells will withdraw its director nomination notice and proposals, cease soliciting proxies and vote in favor of all Braemar directors and proposals at the 2024 Annual Meeting of Stockholders (the "Annual Meeting").

BRAEMAR HOTELS & RESORTS AND BLACKWELLS CAPITAL ENTER INTO COOPERATION AGREEMENT

Shareholder Campbell Capital Management Speaks Out in Support of Blackwells' Campaign for Change at Braemar Blackwells Urges Shareholders to Vote FOR Blackwells' Nominees and Proposals NEW YORK, June 21, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital LLC (“Blackwells”), a shareholder of Braemar Hotels & Resorts Inc. (“Braemar” or the “Company”) (NYSE: BHR), today released a letter to its fellow shareholders. The full text of the letter can be found on the following page and at www.NoMoreMonty.com.

Blackwells Releases Letter to Fellow Shareholders Highlighting Ongoing Corporate Piracy Being Carried Out by Braemar Chairman Monty Bennett and His Cronies

Notes Rampant Use of Terms ‘Related Party' and ‘Conflicts of Interest' Suggests Braemar's Massive Stock Price Decline Today is Justified NEW YORK, June 17, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital LLC (“Blackwells”), a shareholder of Braemar Hotels & Resorts Inc. (“Braemar” or the “Company”) (NYSE: BHR), commented on the filing of Braemar's Definitive Proxy Statement (the “Definitive Proxy”) with the Securities and Exchange Commission (the “SEC”) today. Jason Aintabi, Chief Investment Officer of Blackwells, said:  “Braemar filed its Definitive Proxy and Braemar's shares finished down 7% while the markets took out record highs.

Blackwells Highlights Statements from Braemar's Definitive Proxy Filing

DALLAS , June 17, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced details for the release of its results for the second quarter ended June 30, 2024. Braemar plans to issue its earnings release for the second quarter after the market closes on Wednesday, July 31, 2024, and will host a conference call on Thursday, August 1, 2024, at 11:00 a.m.

BRAEMAR HOTELS & RESORTS SETS SECOND QUARTER EARNINGS RELEASE AND CONFERENCE CALL DATES

Highlights Mr. Bennett's Expertise in Shareholder Value Extraction Urges Shareholders to Vote FOR Blackwells' Nominees and Proposals NEW YORK, June 11, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital LLC (“Blackwells”), a shareholder of Braemar Hotels & Resorts Inc. (“Braemar” or the “Company”) (NYSE: BHR), responded to a press release issued by Braemar today.

Blackwells Calls out More of Mr. Bennett's Fictions

Introduces www.ExpelBlackwells.com to Provide Shareholders the Facts About Blackwells' Misleading and Confusing "Campaign" to Defame Braemar Braemar Remains Committed to Acting in the Best Interests of All Shareholders to Maximize Value Encourages Shareholders to Ignore the Noise and Discard the White Proxy Card DALLAS , June 11, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced the launch of www.ExpelBlackwells.com, in connection with Braemar's 2024 Annual Meeting of Stockholders scheduled to be held on Tuesday, July 30, 2024 (the "2024 Annual Meeting"). The website provides important information regarding "activist" investor Blackwells Capital LLC's ("Blackwells") misinformation campaign against Braemar, including on the backgrounds of Blackwells' hand-picked, purported nominees and its continued attempts to mislead shareholders.

BRAEMAR HOTELS & RESORTS LAUNCHES EXPEL BLACKWELLS WEBSITE

Applauds Support for Blackwells' Campaign from Other Braemar Shareholders Urges Shareholders to Vote FOR Blackwells' Nominees and Proposals NEW YORK, June 10, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital LLC (“Blackwells”), a shareholder of Braemar Hotels & Resorts Inc. (“Braemar” or the “Company”) (NYSE: BHR), today released a presentation titled, “ The Continued Buffoonery of Monty Bennett .” Additionally, Blackwells is pleased to announce that independent shareholders of Braemar are speaking out and concurring with Blackwells' campaign aims: to terminate the egregious external management agreement with Ashford Inc. (“Ashford”) and to reconstitute Braemar's entrenched Board.

Blackwells Capital Releases Presentation Detailing Continued Buffoonery of Monty Bennett

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Is Braemar Hotels & Resorts (BHR) Stock Undervalued Right Now?

DALLAS , May 14, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced that, based on estimated preliminary results, Blackwells Capital LLC's ("Blackwells") withhold proxy campaign at Ashford Hospitality Trust, Inc. ("Ashford Trust") proved to be a failure, as only 7% of Ashford Trust's outstanding shares voted on the Blackwells proxy card.  Ashford Trust announced earlier today that seven of its nine nominees received a majority of the votes cast and the remaining two nominees were re-appointed by the Board after the meeting in accordance with Ashford Trust's corporate governance guidelines.

BRAEMAR HOTELS & RESORTS UPDATES STOCKHOLDERS THAT 'ACTIVIST' BLACKWELLS CAPITAL'S ATTEMPTED WITHHOLD PROXY CAMPAIGN AT ASHFORD TRUST HAS FAILED

The headline numbers for Braemar Hotels & Resorts (BHR) give insight into how the company performed in the quarter ended March 2024, 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) Q1 Earnings: A Look at Key Metrics

Braemar Hotels & Resorts (BHR) came out with quarterly funds from operations (FFO) of $0.42 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to FFO of $0.44 per share a year ago.

News for Braemar Hotels & Resorts Inc Stock (BHR)