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.

Earnings data Q1 2021

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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. 5, 2021 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") reported today preliminary portfolio occupancy of 56.4% for the month of September with an average daily rate ("ADR") of approximately $333 resulting in RevPAR of approximately $188. This RevPAR reflects an approximate increase of 166.7% versus September 2020 and a decline of approximately 20.8% versus September 2019.

Braemar Hotels & Resorts Announces Preliminary RevPAR Results For Third Quarter 2021

DALLAS, Oct. 4, 2021 /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 fourth quarter ending December 31, 2021, of $0.3438 per diluted share, for the Company's 5.5% Series B Cumulative Convertible Preferred Stock. This dividend is payable on January 18, 2022, to shareholders of record as of December 31, 2021.

Braemar Hotels & Resorts Declares Preferred Dividends For Fourth Quarter Of 2021

DALLAS, Sept. 27, 2021 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") announced today that it has finalized an extension of its mortgage loans for the Bardessono Resort & Spa with a final maturity in August 2022, and the Hotel Yountville with a final maturity in May 2022.

Braemar Hotels & Resorts Announces Maturity Extensions For The Mortgage Loans On Its Napa Valley Hotels

DALLAS, Sept. 23, 2021 /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, 2021.

Braemar Hotels & Resorts Sets Third Quarter Earnings Release And Conference Call Dates

DALLAS, Aug. 5, 2021 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced that it has completed the acquisition of the 138-room Mr. C Beverly Hills Hotel in Los Angeles, California (the "Mr.

Braemar Hotels & Resorts Completes Acquisition Of The Mr. C Beverly Hills Hotel

This stock has a great valuation and luxury names like this need not worry about the impact of inflation.

Bull Of The Day: Braemar Hotels and Resorts (BHR)

Braemar Hotels & Resorts' (BHR) CEO Richard Stockton on Q2 2021 Results - Earnings Call Transcript

Ashford

DALLAS, July 30, 2021 /PRNewswire/ -- Ashford Securities LLC ("Ashford Securities"), a wholly-owned subsidiary of Ashford Inc. (NYSE American: AINC), announced today that it has received strong interest from the investment community for its recently launched product, Braemar Hotels and Resorts Redeemable Non-traded Series E (brokerage shares) and Series M (advisory shares) Preferred Stock. Launched on July 9, 2021, Ashford Securities has already raised more than $2.1 million in total capital, including over $1.6 million from 10 syndicate member firms at the first retail close and an additional $500,000 from friends and family investors.

Ashford Securities Raises Over $2.1 Million For Its First Investment Product During July 2021

DALLAS, July 22, 2021 /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 second quarter ended June 30, 2021. The Company reported today a preliminary estimated range of net loss attributable to common stockholders of approximately $(16.3) million to $(14.9) million or $(0.34) to $(0.31) per share, a preliminary estimated range of Adjusted EBITDAre of $18.9 million to $20.3 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 $12.3 million to $13.7 million for the second quarter ended June 30, 2021.

Braemar Hotels & Resorts Announces Preliminary Second Quarter 2021 Results

Braemar Hotels & Resorts is inherently more risky than pure hotel stocks given their status as a hotel REIT. However, should demand for business travel and in-person group events rebound quicker than expected, I anticipate potentially significant upside for the company.

Braemar Hotels & Resorts: Risky Play, But Upside Could Be Substantial

DALLAS, July 14, 2021 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") announced today that its Board of Directors authorized, and the Company declared, regular cash dividends on the Company's outstanding shares of preferred stock for the third quarter ending September 30, 2021, as follows: a quarterly cash dividend of $0.3438 per share for the Company's 5.50% Series B Cumulative Convertible Preferred Stock, which equates to an annual rate of $1.375 per share, payable on October 15, 2021 to stockholders of record as of September 30, 2021; a quarterly cash dividend of $0.5156 per share for the Company's 8.25% Series D Cumulative Preferred Stock, which equates to an annual rate of $2.0625 per share, payable on October 15, 2021 to stockholders of record as of September 30, 2021; monthly cash dividends for the Company's Series E Redeemable Preferred Stock equal to a quarterly rate of $0.50 per share and an annual rate of $2.00 per share, payable as follows: $0.1666 per share will be paid on August 16, 2021 to stockholders of record as of July 30, 2021; $0.1666 per share will be paid on September 15, 2021 to stockholders of record as of August 31, 2021; and $0.1666 per share will be paid on October 15, 2021 to stockholders of record as of September 30, 2021; and monthly cash dividends for the Company's Series M Redeemable Preferred Stock equal to a quarterly rate of $0.5125 per share and an annual rate of $2.05 per share, payable as follows: $0.1708 per share will be paid on August 16, 2021 to stockholders of record as of July 30, 2021; $0.1708 per share will be paid on September 15, 2021 to stockholders of record as of August 31, 2021; and $0.1708 per share will be paid on October 15, 2021 to stockholders of record as of September 30, 2021. As of July 9, 2021 there were 22,010 shares of the Company's Series E Redeemable Preferred Stock and no shares of the Company's Series M Redeemable Preferred Stock issued and outstanding.

Braemar Hotels & Resorts Declares Preferred Dividends For Third Quarter Of 2021

DALLAS, July 6, 2021 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") reported today preliminary RevPAR of approximately $211.43 for June 2021, representing an approximate increase of 366% versus June 2020 and a decline of 15% versus June 2019.  This compares to RevPAR of $172.03 for May 2021, representing an approximate increase of 1,748% versus May 2020 and a decline of 25% versus May 2019, and RevPAR of $177.17 for April 2021, representing an approximate increase of 5,264% versus April 2020 and a decline of 20% versus April 2019.

Braemar Hotels & Resorts Announces Preliminary RevPAR Results For Second Quarter 2021

Ashford Hospitality Trust

DALLAS, June 30, 2021 /PRNewswire/ -- Ashford Inc. (NYSE American: AINC) ("Ashford" or the "Company") today announced that Robert Haiman, Executive Vice President, General Counsel and Secretary, will retire on June 30 after a career spanning nearly 17 years at Ashford and Remington.  The Company has appointed Mr.

Ashford Announces Retirement Of Robert Haiman And Appointment Of Alex Rose As General Counsel

DALLAS, June 28, 2021 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) (the "Company" or "Braemar"), announced today that the Company will be added to the U.S. small-cap Russell 2000® Index, the U.S. broad-market Russell 3000® Index, and the Russell Microcap® Index, as part of the Russell Indexes annual reconstitution.  The additions will be effective after the U.S. market opens on June 28, 2021.

Braemar Hotels & Resorts Set To Join The Russell 2000®, Russell 3000® And Russell Microcap® Indexes

DALLAS, June 10, 2021 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") announced today that its Board of Directors declared a quarterly cash dividend of $0.3438 per diluted share for the Company's 5.5% Series B Cumulative Convertible Preferred Stock for the second quarter ending June 30, 2021.  The dividend, which equates to an annual rate of $1.375 per share, is payable on July 15, 2021, to shareholders of record as of June 30, 2021.

Braemar Hotels & Resorts Declares Preferred Dividends for Second Quarter of 2021

DALLAS, June 7, 2021 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced that Company executives are scheduled to present to the investment community at Nareit's REITweek 2021 Virtual Investor Conference, on Thursday, June 10, 2021, at 9:45 a.m. Eastern Time.

Braemar Hotels & Resorts To Present At Nareit's REITweek 2021 Virtual Investor Conference

DALLAS, June 1, 2021 /PRNewswire/ -- Acquisition Highlights: Luxury hotel ideally located in close proximity to high-end shopping on Rodeo Drive and business demand from Century City and Culver City. The Company will issue 2.5 million units in its Operating Partnership ("OP units") and 500,000 warrants to the seller as part of the consideration for this acquisition, in addition to $30 million of cash (the majority of which will be used to paydown existing debt).

Braemar Hotels & Resorts Announces Agreement To Acquire The Mr. C Beverly Hills Hotel

Braemar Hotels & Resorts has had a rocky time recently, with some pain caused by the COVID-19 pandemic.

Braemar Hotels & Resorts: A Turnaround Candidate

Braemar Hotels & Resorts stands to benefit significantly from a rebound in demand for domestic travel in the United States.

Braemar Hotels & Resorts: Risk Remains, But Further Upside Possible

DALLAS, May 18, 2021 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) (the "Company" or "Braemar") today announced that it has closed its previously announced private placement of $86.25 million aggregate principal amount of its 4.5% Convertible Senior Notes due 2026 (the "Notes"), including $11.25 million aggregate principal amount of Notes sold pursuant to the exercise in full of the initial purchaser's option to purchase additional Notes. The Notes pay interest semi-annually at a rate of 4.5% per annum.

Braemar Hotels & Resorts Announces Exercise In Full Of Initial Purchaser's Option To Purchase Additional Notes And Subsequent Closing Of Convertible Senior Notes Offering

A bigger debt deal is being cheered by investors today.

Why Braemar Hotels & Resorts Popped 18.5% Today

DALLAS, May 14, 2021 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) (the "Company" or "Braemar") announced today the pricing of its private placement of $75 million aggregate principal amount of its 4.5% Convertible Senior Notes due 2026 (the "Notes"). Braemar has granted the initial purchaser of the Notes a 13-day option to purchase up to an additional $11.25 million aggregate principal amount of the Notes.

Braemar Hotels & Resorts Announces Pricing of $75 Million Convertible Senior Notes Offering

DALLAS, May 12, 2021 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) (the "Company" or "Braemar"), announced today that it has commenced a private placement, subject to market conditions and other factors, of $50 million aggregate principal amount of Convertible Senior Notes due 2026 (the "Notes").  Braemar plans to grant the initial purchaser of the Notes a 13-day option to purchase up to an additional $7.5 million aggregate principal amounts of the Notes.

Braemar Hotels & Resorts Announces Proposed $50 Million Convertible Senior Notes Offering

Braemar Hotels & Resorts (BHR) CEO Richard Stockton on Q1 2021 Results - Earnings Call Transcript

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

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