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 , May 6, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company"), reflecting its commitment to creating long-term value for shareholders, today announced notable capital market activities and strategic updates, including: The sale of Hilton Torrey Pines for $165 million, while evaluating the sale of two other hotels, The repayment of its remaining 2024 debt maturities, A $50 million preferred share redemption program, and A $50 million common share buyback authorization The Company announced today that it has signed a definitive agreement to sell the 394-room Hilton La Jolla Torrey Pines located in La Jolla, California for $165 million.  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 SHAREHOLDER VALUE CREATION PLAN

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Higher For Longer? Focus On The Balance Sheet

Braemar's dividend coverage is only at 80%, and it has a front-loaded debt repayment schedule. The company saw its AFFO per share dip by 12 cents year-over-year. The collapse of AINC and interest rates remaining higher for longer spell gloom for BHR.

The Gloomy Future Of Braemar Hotels And Ashford

Recommends Shareholders Protect Their Investment by Discarding Blackwells' Illegal White Proxy Card and Waiting to Vote Until Receiving the Company's Proxy Materials and GOLD Proxy Card Reiterates that Braemar is Executing its Strategy to Maximize Value for All Shareholders DALLAS , April 11, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today sent a letter reminding shareholders to disregard any proxy materials received from activist investor Blackwells Capital LLC ("Blackwells") in connection with the Company's 2024 Annual Meeting of Stockholders (the "2024 Annual Meeting"), which is scheduled to be held on Wednesday, May 15, 2024. As previously announced on March 25, 2024, Braemar's Board of Directors (the "Board") unanimously determined that the Blackwells Nomination Notice was invalid due to Blackwells' numerous false statements and material omissions in violation of U.S. Securities and Exchange Commission ("SEC") rules and the Company's Bylaws.

BRAEMAR HOTELS & RESORTS REMINDS SHAREHOLDERS TO DISREGARD BLACKWELLS CAPITAL'S UNLAWFUL PROXY MATERIALS

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DALLAS , April 10, 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 second quarter ending June 30, 2024. This dividend, which equates to an annual rate of $0.20 per share, is payable on July 15, 2024, to stockholders of record as of June 28, 2024.

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

DALLAS, March 26, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced details for the release of its results for the first quarter ended March 31, 2024. Braemar plans to issue its earnings release for the first quarter after the market closes on Wednesday, May 8, 2024, and will host a conference call on Thursday, May 9, 2024, at 11:00 a.m.

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

Board Unanimously Rejected Recent Director Nomination Notice from Blackwells Due to False Statements and Material Omissions in Violation of SEC Rules and the Company's Bylaws  Files Complaint to Prevent Blackwells from Launching an Illegal Proxy Solicitation and Spreading Confusion and Misinformation Among Braemar's Shareholders  Complaint Details Blackwells' Plan to Take Control of the Board – in Spite of Having Invested Only $20,000 in Braemar – in Order to Sell the Company Below its Intrinsic Value to Blackwells and its Affiliates  Braemar Remains Committed to Acting in the Best Interests of All Shareholders to Maximize Value DALLAS , March 25, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced that on March 10, 2024, it received a notice (the "Nomination Notice") from activist investor Blackwells Capital LLC ("Blackwells") seeking to nominate four individuals for election to the Company's eight-person Board of Directors (the "Board") at the 2024 Annual Meeting of Stockholders (the "Annual Meeting"). The Board has unanimously determined that the Blackwells Nomination Notice is invalid due to numerous deficiencies, most notably a failure to disclose the fund's true objectives – which Braemar believes include an underhanded attempt to effectuate a takeover of the Company without paying an adequate price.

BRAEMAR HOTELS & RESORTS ANNOUNCES REJECTION OF MATERIALLY DEFICIENT DIRECTOR NOMINATION NOTICE FROM BLACKWELLS CAPITAL

DALLAS , March 11, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced that it successfully closed on a property-level mortgage financing for the 96-room Ritz-Carlton Reserve Dorado Beach in Dorado, Puerto Rico. The $62 million non-recourse loan has a two-year term.

BRAEMAR HOTELS & RESORTS COMPLETES NEW FINANCING FOR THE RITZ-CARLTON RESERVE DORADO BEACH

Braemar Hotels & Resorts, Inc. (BHR) Q4 2023 Earnings Call Transcript

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Although the revenue and EPS for Braemar Hotels & Resorts (BHR) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Braemar Hotels & Resorts (BHR) Reports Q4 Earnings: What Key Metrics Have to Say

Braemar Hotels & Resorts (BHR) came out with quarterly funds from operations (FFO) of $0.04 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.16 per share a year ago.

Braemar Hotels & Resorts (BHR) Q4 FFO Match Estimates

Get a deeper insight into the potential performance of Braemar Hotels & Resorts (BHR) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Exploring Analyst Estimates for Braemar Hotels & Resorts (BHR) Q4 Earnings, Beyond Revenue and EPS

DALLAS , Feb. 7, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced that it has refinanced or extended almost all of its 2024 debt maturities. A total of approximately $300 million in debt, out of a total of approximately $330 million maturing in 2024, has been extended or refinanced as follows: Refinanced the 550-room Capital Hilton in Washington, D.C.

BRAEMAR HOTELS & RESORTS PROVIDES UPDATE ON 2024 DEBT MATURITIES

DALLAS , Jan. 25, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced the tax reporting (Federal Form 1099-DIV) information for the 2023 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 2023.

BRAEMAR HOTELS & RESORTS ANNOUNCES TAX REPORTING INFORMATION FOR 2023 COMMON AND PREFERRED SHARE DISTRIBUTIONS

DALLAS , Jan. 8, 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 first quarter ending March 31, 2024.  This dividend, which equates to an annual rate of $0.20 per share, is payable on April 15, 2024, to stockholders of record as of March 28, 2024.

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

DALLAS , Dec. 27, 2023 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced details for the release of its results for the fourth quarter ended December 31, 2023. Braemar plans to issue its earnings release for the fourth quarter after the market closes on Thursday, February 29, 2024, and will host a conference call on Friday, March 1, 2024, at 11:00 a.m.

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

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Braemar Hotels has experienced a significant decline in its stock price, reaching a dirt-level valuation not seen since the COVID-19 crisis. The company has a significant risk profile, but it has managed to survive a year of negative results and has improved its situation for the future. While Braemar stock is not a safe investment, it may be suitable for investors with the right risk profile looking for a 5-9% yield and appreciation potential.

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DALLAS , Nov. 2, 2023 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced the Company has finalized extensions for two existing mortgage loans secured by the 170-room Ritz-Carlton Lake Tahoe in Truckee, California and the 210-room Four Seasons Resort Scottsdale at Troon North in North Scottsdale, Arizona.  The $53.4 million loan secured by the Ritz-Carlton Lake Tahoe is being extended for an additional 12 months beyond its original maturity to January 2025 with one additional 12-month extension available.

BRAEMAR HOTELS & RESORTS ANNOUNCES UPDATES ON PROPERTY LEVEL MORTGAGES

DALLAS , Oct. 16, 2023 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced that it is moving its third quarter 2023 earnings release and earnings conference call to one day earlier. Braemar plans to issue its earnings release for the third quarter after the market closes on Wednesday, November 8, 2023, and will host a conference call on Thursday, November 9, 2023, at 11:00 a.m.

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

DALLAS , Oct. 10, 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 fourth quarter ending December 31, 2023.  This dividend, which equates to an annual rate of $0.20 per share, is payable on January 16, 2024, to stockholders of record as of December 29, 2023.

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

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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