DALLAS, April 10, 2025 /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, 2025. This dividend, which equates to an annual rate of $0.20 per share, is payable on July 15, 2025, to stockholders of record as of June 30, 2025.The Board declared a quarterly cash dividend for the second quar ...

DALLAS, April 3, 2025 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced its plans to transition the 415-room Sofitel Chicago Magnificent Mile to a franchise structure. Under the franchise structure, the hotel will continue to be the Sofitel Chicago Magnificent Mile, but will be managed by Remington Hospitality under the existing terms of its Master Hotel Management Agreement with Braemar. In connection with the conversion, which is expected to be effectiv ...

Core Viewpoint - Braemar Hotels & Resorts Inc. is set to release its first-quarter earnings results for the period ending March 31, 2025, on May 7, 2025, after market close [1][2]. Group 1: Earnings Release Details - The earnings release will be issued after market close on May 7, 2025 [2]. - A conference call to discuss the earnings will take place on May 8, 2025, at 11:00 a.m. ET [2]. - The conference call can be accessed by calling (646) 960-0284, with a replay available until May 15, 2025, at (609) 800-9909 using confirmation number 2925607 [2]. Group 2: Online Availability - The live broadcast of the quarterly conference call will be available on the company's website starting at 11:00 a.m. ET on May 8, 2025 [3]. - An online replay of the conference call will be accessible shortly after the call and will remain available for approximately one year [3]. Group 3: Company Profile - Braemar Hotels & Resorts operates as a real estate investment trust (REIT) with a focus on investing in luxury hotels and resorts [3].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ________ Commission file number: 001-35972 BRAEMAR HOTELS & RESORTS INC. (Exact name of registrant as specified in its charter) Maryland 46-2488594 (State or other ...

DALLAS, March 10, 2025 /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 $363 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 2030. The loan is interest only and provides for a floating interest rate of SOFR + 2.52%. The loan is secured by five hotels:  The Clancy, The ...

While Braemar Hotels & Resorts (NYSE: BHR ) 8.25% Series D Preferreds (NYSE: BHR.PR.D ) are up more than 6% since my last article rating them as a buy, the rally likely has more roomThe equity market is a powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on undervalued yet high-growth companies, high-dividend tickers, REITs, and green energy firms.Analyst’s Dis ...

Financial Data and Key Metrics Changes - The company reported a fourth quarter comparable RevPAR of $305, reflecting a 1.9% increase over the prior year quarter, and a comparable total hotel revenue increase of 5.3% [10][11] - For the full year, the company reported a net loss attributable to common stockholders of $50.9 million or $0.77 per diluted share, and AFFO per diluted share of $0.21 [27][28] - Adjusted EBITDAre for the quarter was $30.2 million and for the full year was $157.6 million [27] Business Line Data and Key Metrics Changes - Group revenue increased by 7% in the fourth quarter, indicating a resurgence in group bookings and events [11] - The luxury resort portfolio achieved a comparable RevPAR of $515, a 1.3% increase over the prior year period, with combined comparable hotel EBITDA of $31 million, a 4.1% increase [13] - Urban hotels achieved comparable RevPAR growth of 3.3% in the fourth quarter, with strong performance across all demand segments [13][14] Market Data and Key Metrics Changes - The company noted that January RevPAR was impressive, with growth over the prior year, and excluding the Capital Hilton, portfolio RevPAR growth was still over 9% [14] - The company experienced fluctuations in the Los Angeles market due to recent events, but February saw a return to stable group bookings [24][25] Company Strategy and Development Direction - The company is in active discussions for refinancing a $193 million loan maturing in June, which will eliminate remaining debt maturities in 2025 [10] - The company plans to invest between $75 million and $95 million in capital expenditures in 2025 to enhance its luxury portfolio [51] - The company is focusing on optimizing revenue opportunities and enhancing guest experiences through strategic renovations and operational efficiencies [16][46] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the return of steady growth in resort markets, driven by historically low supply growth [71][72] - The company is encouraged by the positive performance in January and anticipates continued strength in group bookings and overall demand [68][69] - Management highlighted the favorable environment for hotel debt capital markets, which is becoming more attractive for borrowers [35] Other Important Information - The company redeemed approximately $80 million of non-traded preferred stock, representing about 17% of the original capital raise [22] - The company announced a quarterly stock dividend of $0.05 per share, equating to an annual yield of approximately 7.7% [33] Q&A Session Summary Question: Can you provide an update on capital expenditures in Tahoe and spending plans for 2025? - Management confirmed that Tahoe renovations are complete, with a small project planned for under $2 million in 2025 [58] Question: Is the company still restricted from repurchasing common stock? - Management confirmed that they are currently restricted from repurchasing common stock [61] Question: Can you elaborate on the RevPAR strength in January and its sustainability? - Management noted that January performance benefited from calendar shifts and capital investments, leading to broad-based demand [67][69] Question: What is the outlook for the transaction market regarding high-quality assets? - Management indicated strong interest from buyers and a positive reception for hotel sales, suggesting higher transaction volumes in the future [78][80]

Core Viewpoint - Braemar Hotels & Resorts reported a quarterly loss of $0.06 per share, missing the Zacks Consensus Estimate of $0.10, and showing a significant decline from the previous year's FFO of $0.04 per share, resulting in an FFO surprise of -160% [1] Financial Performance - The company posted revenues of $173.34 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 6.28%, but down from $177.53 million in the same quarter last year [2] - Over the last four quarters, Braemar Hotels & Resorts has surpassed consensus revenue estimates two times [2] Stock Performance - Shares of Braemar Hotels & Resorts have declined approximately 10.3% since the beginning of the year, contrasting with the S&P 500's gain of 1.3% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Outlook - The current consensus FFO estimate for the upcoming quarter is $0.35 on revenues of $199.3 million, and for the current fiscal year, it is $0.54 on revenues of $687 million [7] - The outlook for the REIT and Equity Trust - Other industry is currently in the bottom 46% of Zacks industries, which may impact the stock's performance [8]

Financial Performance - Net loss attributable to common stockholders for Q4 2024 was $(31.1) million or $(0.47) per diluted share, with an AFFO of $(0.06) per diluted share[5]. - For the full year 2024, net loss attributable to common stockholders was $(50.9) million or $(0.77) per diluted share, with an AFFO of $0.21 per diluted share[12]. - The company reported a net loss of $21.8 million for the three months ended December 31, 2024, compared to a loss of $21.5 million in the same period of 2023[26]. - The company reported a net income loss of $21,767 million for the period[84]. - The company reported a net income of $2,914 million for the year ended December 31, 2024, compared to a net loss of $28,426 million in the previous year[113]. Revenue and Occupancy Metrics - Comparable RevPAR for all hotels increased 1.9% year-over-year to $305, while Comparable ADR increased 0.4% to $480 and Comparable Occupancy increased 1.5% to 63.5%[5]. - Total hotel revenue for the year ended December 31, 2024, was $728.4 million, a decrease of 1.4% from $739.3 million in 2023[26]. - Total hotel revenue for the three months ended December 31, 2024, was $145,972, a decrease of 5.42% compared to $154,334 in 2023[51]. - RevPAR for the year ended December 31, 2024, was $310.52, a slight increase of 1.25% from $306.69 in 2023[40]. - The occupancy rate for the three months ended December 31, 2024, was 63.54%, slightly down from 63.61% in 2023[39]. EBITDA and Financial Ratios - Adjusted EBITDAre for Q4 2024 was $30.2 million, and Comparable Hotel EBITDA was $41.1 million for the quarter[5]. - Adjusted EBITDAre for the full year 2024 was $157.6 million, and Comparable Hotel EBITDA was $179.0 million[12]. - Hotel EBITDA for the year ended December 31, 2024, was $188,137,000, down 8.87% from $206,439,000 in 2023[46]. - Total hotel EBITDA was $43,347 million, reflecting a significant recovery from the previous year's EBITDA of $30,054 million[113]. - The weighted average interest rate on total indebtedness was 7.23% as of December 31, 2024[32]. Cash and Debt Management - The Company ended Q4 2024 with cash and cash equivalents of $135.5 million and restricted cash of $49.6 million[5]. - The Company has a net debt to gross assets ratio of 40.8% at the end of Q4 2024[5]. - Indebtedness, net, rose to $1.210 billion as of December 31, 2024, compared to $1.162 billion in 2023, an increase of 4.1%[24]. - Total liabilities increased slightly to $1.414 billion as of December 31, 2024, from $1.408 billion in 2023[24]. - Interest expense totaled $24,591 million, indicating significant financial costs[84]. Capital Expenditures and Investments - The Company invested $15.8 million in Capex during Q4 2024 and $70.6 million for the full year[5][12]. - The company anticipates significant capital expenditures in 2024 and 2025, particularly for hotels with expected displacement[79]. - The company is focusing on expanding its hotel portfolio, with 15 properties included in operations as of December 31, 2024[100]. Dividends and Shareholder Returns - A quarterly cash dividend of $0.05 per diluted share was declared for Q1 2025, equating to an annual rate of $0.20 per share[9]. - The company declared dividends of $0.05 per common share for both the three months ended December 31, 2024, and 2023[26]. Market Expansion and Future Outlook - The company anticipates continued focus on market expansion and new product development in the upcoming quarters[69]. - Future guidance suggests continued growth in occupancy and revenue, driven by strategic marketing and operational improvements[87]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its geographic footprint[86]. - The company is committed to enhancing its brand presence through strategic marketing initiatives and partnerships[100]. Property-Specific Performance - Rooms revenue for Pier House Resort & Spa increased to $5,897, a 2.02% rise compared to $5,780 in 2023[56]. - Hotel net income for Pier House Resort & Spa surged to $3,021, marking a 142.07% increase from $1,248 in 2023[56]. - Rooms revenue for Hotel Yountville decreased to $2,862, down 5.61% from $3,032 in 2023[56]. - Hotel net income for The Notary Hotel increased to $2,739, a 64.50% rise from $1,665 in 2023[56]. - Total hotel revenue for The Ritz-Carlton Sarasota rose by 1.45% to $86,764 compared to $85,520 in 2023[66].

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