Dividend Announcements - Braemar Hotels & Resorts Inc. declared a quarterly cash dividend of $0.05 per diluted share for its common stock for the fourth quarter ending December 31, 2024, equating to an annual rate of $0.20 per share, payable on January 15, 2025 [1] - The Board declared a quarterly cash dividend of $0.3438 per diluted share for the Company's 5.5% Series B Cumulative Convertible Preferred Stock, payable on January 15, 2025 [2] - A quarterly cash dividend of $0.5156 per diluted share was declared for the Company's 8.25% Series D Cumulative Preferred Stock, also payable on January 15, 2025 [3] - Monthly cash dividends for the Company's Series E Redeemable Preferred Stock were declared at $0.15625 per share, with payments scheduled for November 15, December 16, and January 15, 2025 [4] - Monthly cash dividends for Series M Redeemable Preferred Stock were declared at varying rates of $0.17708, $0.17500, and $0.17292 per share, with similar payment schedules [5][6][7] Share Information - As of September 30, 2024, there were 15,138,572 shares of the Company's Series E Redeemable Preferred Stock and 1,596,285 shares of the Company's Series M Redeemable Preferred Stock issued and outstanding [8] Company Overview - Braemar Hotels & Resorts is identified as a real estate investment trust (REIT) focused on investing in luxury hotels and resorts [8]

DALLAS, Aug. 29, 2024 /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, 2024. Braemar plans to issue its earnings release for the third quarter after the market closes on Wednesday, November 6, 2024, and will host a conference call on Thursday, November 7, 2024, at 11:00 a.m. ET. The number to call for this interactive teleconference is (646) 960-0284. A replay of the confere ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 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) | --- | --- | ...

DALLAS, Aug. 7, 2024 /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 $407 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 2029. The loan is interest only and provides for a floating interest rate of SOFR + 3.24%. As part of this financing, the Company acquired $42.2 ...

Braemar Hotels & Resorts Inc. (NYSE:BHR) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants Richard Stockton – President and Chief Executive Officer Deric Eubanks – Chief Financial Officer Chris Nixon – Executive Vice President and Head-Asset Management Conference Call Participants Tyler Batory - Oppenheimer Bryan Maher – B. Riley Securities Michael Bellisario - Baird Operator Hello. And thank you for standing by. My name is Regina, and I will be your conference operator today. ...

Core Insights - Braemar Hotels & Resorts reported quarterly funds from operations (FFO) of $0.10 per share, missing the Zacks Consensus Estimate of $0.13 per share, and down from $0.20 per share a year ago, representing an FFO surprise of -23.08% [1] - The company posted revenues of $187.59 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 1.85%, compared to year-ago revenues of $186.71 million [2] - The stock has increased approximately 50.8% since the beginning of the year, outperforming the S&P 500's gain of 14% [3] Financial Performance - Over the last four quarters, Braemar Hotels & Resorts has surpassed consensus FFO estimates only once [2] - The current consensus FFO estimate for the upcoming quarter is -$0.13 on revenues of $165.94 million, and for the current fiscal year, it is $0.43 on revenues of $757.72 million [7] Market Outlook - The sustainability of the stock's price movement will depend on management's commentary during the earnings call [3] - The Zacks Industry Rank indicates that the REIT and Equity Trust - Other sector is currently in the bottom 40% of over 250 Zacks industries, which may impact stock performance [8] - The estimate revisions trend for Braemar Hotels & Resorts is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6]

Core Viewpoint - Ashford Inc. announced the passing of Mr. W. Michael Murphy, a key member of its Board of Directors since August 2018, who had a notable career in the hotel industry [1][3] Group 1 - Mr. Murphy served on the board of Braemar Hotels & Resorts from 2013 to 2015 and on the board of Ashford Hospitality Trust from 2003 to 2013, highlighting his extensive experience in the hospitality sector [1] - The Chairman and CEO of Ashford Inc., Monty J. Bennett, expressed deep sadness over Mr. Murphy's passing and extended condolences to his family, indicating the personal and professional impact of his loss on the company [3]

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 ...

Core Viewpoint - Braemar Hotels & Resorts Inc. has declared multiple cash dividends for its various classes of preferred and common stock, indicating a commitment to returning value to shareholders [8][9][12]. Dividend Declarations - The Board declared a quarterly cash dividend of $0.3438 per diluted share for the Company's 5.5% Series B Cumulative Convertible Preferred Stock, payable on October 15, 2024, to stockholders of record as of September 30, 2024 [1]. - A monthly cash dividend of $0.15625 per share for the Series E Redeemable Preferred Stock will be paid on August 15, September 16, and October 15, 2024, to stockholders of record as of July 31, August 30, and September 30, 2024, respectively [2]. - For the Series M Redeemable Preferred Stock, a monthly cash dividend of $0.17500 per share will be paid on the same dates as above, with the same record dates [3]. - The Board also declared a quarterly cash dividend of $0.05 per diluted share for the Company's common stock, equating to an annual rate of $0.20 per share, payable on October 15, 2024 [8]. - Additionally, a quarterly cash dividend of $0.5156 per diluted share for the Company's 8.25% Series D Cumulative Preferred Stock will also be paid on October 15, 2024 [9]. Outstanding Shares - As of June 30, 2024, there were 16,142,350 shares of the Company's Series E Redeemable Preferred Stock and 1,622,772 shares of the Company's Series M Redeemable Preferred Stock issued and outstanding [4].

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 ...