Recent Updates — BHR

Braemar Hotels & Resorts Inc. released an investor presentation detailing its third quarter 2026 results, highlighting a 14.4% year-over-year increase in comparable reported RevPAR to $284 and a 20.7% rise in comparable Hotel EBITDA. The company also announced the sale of the Four Seasons Scottsdale for $372 million on October 28, 2026, and the refinancing of its Ritz-Carlton, Lake Tahoe debt to extend maturity to 2031 with a reduced spread. Management reaffirmed full-year 2027 guidance, projecting mid-point diluted earnings per share of ($0.47) and Adjusted EBITDAre of $88 million. Braemar Hotels & Resorts Inc. operates as a lodging real estate investment trust owning and managing luxury hotel properties.

Braemar Hotels & Resorts Inc. reported a third-quarter net loss attributable to common stockholders of $240.9 million, or $3.51 per diluted share, compared with a loss of $8.2 million in the prior-year period. The deterioration was primarily driven by a one-time $480.0 million termination fee payable to its external advisor recorded during the quarter. Despite this charge, comparable hotel operating metrics remained strong: RevPAR increased 14.4% year-over-year to $284, and Comparable Hotel EBITDA rose 20.7% to $12.9 million. The company also announced dividends for its Series B ($0.3438 per share), Series D ($0.5156 per share), Series E ($0.15625 per share), and Series M ($0.17708–$0.18125 per share) preferred stocks, payable in November and January 2027. Braemar Hotels & Resorts Inc. is a real estate investment trust focused on the high-growth luxury hotel and resort sector.

Braemar Hotels & Resorts Inc. has entered into a loan agreement to refinance the mortgage on The Ritz-Carlton, Lake Tahoe. The new facility provides an initial term loan of $60 million and includes an earnout feature allowing for up to $15 million in additional advances subject to specific financial conditions, bringing the total potential borrowing capacity to $75 million. The debt carries a floating interest rate of one-month Term SOFR plus 2.65%, with a floor of 5.30%. The loan has an initial maturity date of October 30, 2029, extendable by two one-year options, effectively pushing the next hard maturity for this asset to late 2031 and extending the company's overall debt maturity profile beyond December 2028. Braemar Hotels & Resorts Inc. is a real estate investment trust focused on the luxury hotel and resort sector.

Braemar Hotels & Resorts Inc. announced a definitive agreement to sell the Four Seasons Resort Scottsdale for $372 million ($1.8 million per key), with proceeds expected to fund its separation from Ashford and transition to a self-managed REIT by mid-November 2026. The company also entered into a Cooperation and Settlement Agreement with largest shareholder Al Shams, which withdraws director nomination notices and supports Braemar's nominees at the December 21 annual meeting. Additionally, Braemar provided full-year 2027 financial guidance projecting total revenues of $409 million and adjusted EBITDAre of $88 million, while outlining plans to reduce corporate G&A by over $25 million annually through internalization of management.