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. The Company continues to evaluate the sale of two more hotels, subject to ...

The Board declared a quarterly cash dividend for the third quarter ending September 30, 2024, of $0.3438 per diluted share, for the Company's 5.5% Series B Cumulative Convertible Preferred Stock. This dividend is payable on October 15, 2024, to stockholders of record as of September 30, 2024. The Board declared a monthly cash dividend for all CUSIPs of the Company's Series E Redeemable Preferred Stock, payable as follows: $0.15625 per share will be paid on August 15, 2024, to stockholders of record as of Ju ...

Blackwells to Withdraw Proxy Solicitation and Vote in Favor of All Braemar Nominees and Proposals 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"). Richard J. Stockton, President and Chief Executive Officer of Braemar, stated: "We are pleased to have reached this outcome, which we believe is in the best interests ...

Blackwells Urges Shareholders to Vote FOR Blackwells' Nominees and Proposals Jason Aintabi, Chief Investment Officer of Blackwells, said: "Despite pathetic failures in leadership and governance, and Mr. Bennett's bellicose behaviour against shareholders, we are pleased that large Braemar shareholders like CCM and Brancous LP are writing public letters voicing their support of Blackwells' efforts to unlock value for all shareholders." Please vote your proxy on the WHITE universal proxy card "FOR" each of the ...

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. Jason Aintab ...

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 Blackwell ...

Notes Rampant Use of Terms 'Related Party' and 'Conflicts of Interest' Jason Aintabi, Chief Investment Officer of Blackwells, said: 1. "…our Board has focused on selecting experienced board candidates who will work together constructively with a focus on operational excellence, financial strength, and the growth of stockholder value." 4. "Mr. Bennett is uniquely qualified to serve as a director of the Company and as the Chairman of the Board." If you have any questions about voting your proxy or need replac ...

Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts. 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. ET. The number to call for this interactive teleconference is (646) 960-0284. A replay of the conference call will be available through Thursday, August 8, 2024, by dialing (609) 800-9909 and entering ...

Urges Shareholders to Vote FOR Blackwells' Nominees and Proposals Jason Aintabi, Chief Investment Officer of Blackwells, said: Blackwells calls out Mr. Bennett's fictions.. (again..): Blackwells urges all Braemar shareholders to vote their proxy on the WHITE universal proxy card "FOR" each of the Blackwells nominees and the Blackwells proposals. Blackwells recommends shareholders vote "AGAINST" Braemar's executive compensation resolution. Blackwells also encourages shareholders to review Blackwells' materia ...

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. Jason Aintabi, Chief Investment Officer of Blackwells, said: "If Mr. Bennett really 'takes his responsibility to protect the best interests of shareholde ...