BHR - Dividend announcements

DALLAS, May 21, 2026 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced that its Board of Directors (the "Board") declared, and the Company set aside a partial cash dividend for the Company's 5.5% Series B Cumulative Convertible Preferred Stock equal to: $0.1146 per diluted share, which will be paid on July 15, 2026 to stockholders of record as of June 30, 2026. This amount represents the monthly portion, or one-third, of the full quarterly dividend, which is being set aside each month but will be paid on a quarterly basis. The Board declared and the Company set aside a partial cash dividend for the Company's 8.25% Series D Cumulative Prefer

DALLAS, April 23, 2026 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced that its Board of Directors (the "Board") declared, and the Company set aside a partial cash dividend for the Company's 5.5% Series B Cumulative Convertible Preferred Stock equal to: $0.1146 per diluted share, which will be paid on July 15, 2026 to stockholders of record as of June 30, 2026. This amount represents the monthly portion, or one-third, of the full quarterly dividend, which is being set aside each month but will be paid on a quarterly basis. The Board declared and the Company set aside a partial cash dividend for the Company's 8.25% Series D Cumulative Pref

DALLAS, March 24, 2026 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced monthly preferred dividends for March 2026. The Company's Board of Directors (the "Board") declared and the Company set aside a cash dividend for the Company's 5.5% Series B Cumulative Convertible Preferred Stock equal to: $0.1146 per diluted share which will be paid, along with the previous two months of $0.1146 dividends set aside for a total of $0.3438, on April 15, 2026 to stockholders of record as of March 30, 2026.The Board declared and the Company set aside a cash dividend for the Company's 8.25% Series D Cumulative Preferred Stock equal to: $0.17186 per diluted

DALLAS, Feb. 23, 2026 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced monthly preferred dividends for February 2026. The Company's Board of Directors (the "Board") declared and the Company set aside a cash dividend for the Company's 5.5% Series B Cumulative Convertible Preferred Stock equal to: $0.1146 per diluted share which will be paid on April 15, 2026 to stockholders of record as of March 30, 2026.The Board declared and the Company set aside a cash dividend for the Company's 8.25% Series D Cumulative Preferred Stock equal to: $0.17187 per diluted share which will be paid on April 15, 2026 to stockholders of record as of March 31, 202

DALLAS, Feb. 2, 2026 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) (the "Company") announced today clarifications about its first quarter preferred dividend declarations and 2026 common dividend policy. Richard Stockton, President & Chief Executive Officer of the Company stated, "We are updating our preferred equity securities dividend declaration process to align the dividend cycles of our different preferred stock share classes in conjunction with the Company's previously announced Company Sale process. Because our Series B and Series D preferred stock are pari passu with our Series E and Series M preferred stock with respect to distributions, they must receive equitable treatm

DALLAS, Jan. 27, 2026 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced the tax reporting (Federal Form 1099-DIV) information for the 2025 distributions on its common shares and its Series B, D, E and M preferred shares. The amounts below represent the income tax treatment applicable to each distribution that is reportable in 2025. The common and preferred distributions that the Company paid on January 15, 2025 to stockholders of record as of December 31, 2024 are reportable in 2025. The common and preferred distributions that the Company paid on January 15, 2026 to stockholders of record as of December 31, 2025 will be reportable in 2026.

DALLAS, Jan. 26, 2026 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) (the "Company") announced today that its Board of Directors (the "Board") declared and the Company set aside a cash dividend for the Company's 5.5% Series B Cumulative Convertible Preferred Stock equal to: $0.1146 per diluted share which will be paid on April 15, 2026 to stockholders of record as of March 30, 2026. The Board declared and the Company set aside a cash dividend for the Company's 8.25% Series D Cumulative Preferred Stock equal to: $0.17187 per diluted share which will be paid on April 15, 2026 to stockholders of record as of March 31, 2026. The Board declared a monthly cash dividend for all CUSIPs of

DALLAS, Nov. 7, 2025 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") announced today that it has closed on the previously announced sale of the 410-room The Clancy in San Francisco for $115 million ($280,487 per key). The sale price represents a 5.2% capitalization rate on net operating income for the trailing 12 months ended September 30, 2025.   "We are glad to have completed the sale of The Clancy," said Richard Stockton, president and CEO. "This strategic move sharpens our portfolio and strengthens our capital position." In conjunction with the sale, the Company paid down approximately $64.7 million of debt and retained approximately $43.7 million o

DALLAS, Oct. 14, 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 fourth quarter ending December 31, 2025. This dividend, which equates to an annual rate of $0.20 per share, is payable on January 15, 2026, to stockholders of record as of December 31, 2025. The Board declared a quarterly cash dividend for the fourth quarter ending December 31, 2025, of $0.3438 per diluted share, for the Company's 5.5% Series B Cumulative Convertible Preferred Stock. This dividend is payable on January 15, 2026,

DALLAS, Oct. 7, 2025 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") announced today that it has entered into a definitive agreement to sell the 410-room The Clancy in San Francisco for $115 million ($280,487 per key) and has received a $3.5 million non-refundable earnest money deposit. The sale price represents a 5.0% capitalization rate on net operating income for the trailing 12 months ended August 2025. "We are strategically refining our portfolio with one clear objective: to maximize its value for our shareholders," said Richard J. Stockton, president and CEO. "This divestiture will help us to ensure that a future sale of the Company results in the

Braemar and Ghassemieh Group enter into Cooperation Agreement DALLAS, Aug. 26, 2025 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR), a real estate investment trust (REIT) focused on investing primarily in luxury hotels and resorts, today announced that it will appoint Bob Ghassemieh as a new member of the Company's Board of Directors. Mr. Ghassemieh is being appointed in connection with a cooperation agreement (the "Agreement") between Braemar and Mr. Ghassemieh (together with certain related parties and signatories, the "Ghassemieh Group"). The Ghassemieh Group collectively beneficially owns approximately 7.3% of the Company's outstanding common stock. "We're pleased to have come

DALLAS, Aug. 18, 2025 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") announced today that it has successfully refinanced the existing mortgage loan secured by the Four Seasons Resort Scottsdale at Troon North. The previous loan had a balance of $140 million with an interest rate of SOFR + 3.75% and a final maturity in December 2028. The new non-recourse loan has a balance of $180 million and bears interest at a floating rate of SOFR + 3.00%. The lender is Aareal Capital Corporation. The new loan has a three-year initial term with two, one-year extension options, subject to the satisfaction of certain conditions. "We are pleased to announce the successf

DALLAS, Aug. 11, 2025 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced that it has closed on the previously announced sale of the 369-room Marriott Seattle Waterfront in Seattle for $145 million ($393,000 per key). Including anticipated capital expenditures of $7 million, the sale price represents an 8.1% capitalization rate on net operating income for the trailing 12 months ended May 31, 2025. "We are pleased that this strategic sale is complete," said Richard J. Stockton, Braemar's president and CEO. "With this divestiture, which enhances our balance sheet and liquidity, we project no additional property sales this calendar year." In co

DALLAS, July 11, 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 third quarter ending September 30, 2025. This dividend, which equates to an annual rate of $0.20 per share, is payable on October 15, 2025, to stockholders of record as of September 30, 2025. The Board declared a quarterly cash dividend for the third quarter ending September 30, 2025, 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, 2025

DALLAS, July 8, 2025 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced that it has entered into a definitive agreement to sell the 369-room Marriott Seattle Waterfront in Seattle for $145 million ($393,000 per key). Including anticipated capital expenditures of $7 million, the sale price represents an 8.1% capitalization rate on net operating income for the trailing 12 months ended May 31, 2025.  "We are pleased to announce the planned sale of the Marriott Seattle Waterfront," said Richard J. Stockton, Braemar's president and CEO. "The sale of this upper upscale hotel will help deleverage our portfolio and further align our financial perfo

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 quarter ending June 30, 2025, of $0.3438 per diluted share, for the Company's 5.5% Series B Cumulative Convertible Preferred Stock. This dividend is payable on July 15, 2025, to stockholders

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 effective in May 2025, Remington Hospitality will give offers for all employees employed on the conversion date to remain in their current positions as employees of a subsidiary of Remington Hospit

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 Notary Hotel, Marriott Seattle Waterfront, Sofitel Chicago Magnificent Mile, and The Ritz-Carlton Reserve Dorado Beach.  The $363 million loan amount represents a 48.9% loan-to-value based

DALLAS, Jan. 27, 2025 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced the tax reporting (Federal Form 1099-DIV) information for the 2024 distributions on its common shares and its Series B, D, E and M preferred shares. The amounts below represent the income tax treatment applicable to each distribution that is reportable in 2024. The common and preferred distributions that the Company paid on January 16, 2024 to stockholders of record as of December 29, 2023 are reportable in 2024. The common and preferred distributions that the Company paid on January 15, 2025 to stockholders of record as of December 31, 2024 (December 30, 2024 for the

DALLAS, Jan. 15, 2025 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") announced today that it has successfully extended its mortgage loan secured by the 170-room Ritz-Carlton Lake Tahoe. The loan had an initial maturity date in January of 2025 and continues to have a final maturity date in January of 2026. The loan has been extended with a paydown of $10 million and the spread on the loan is now SOFR + 3.25%. "We are pleased to announce the extension of this loan and the lower spread," commented Richard Stockton, Braemar's President and Chief Executive Officer. "We are also in active discussions with lenders regarding our $293.2 million loan which has a

DALLAS, Jan. 13, 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 first quarter ending March 31, 2025. This dividend, which equates to an annual rate of $0.20 per share, is payable on April 15, 2025, to stockholders of record as of March 31, 2025. The Board declared a quarterly cash dividend for the first quarter ending March 31, 2025, of $0.3438 per diluted share, for the Company's 5.5% Series B Cumulative Convertible Preferred Stock. This dividend is payable on April 15, 2025, to stockholder

DALLAS, Oct. 7, 2024 /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 fourth quarter ending December 31, 2024. This dividend, which equates to an annual rate of $0.20 per share, is payable on January 15, 2025, to stockholders of record as of December 31, 2024. The Board declared a quarterly cash dividend for the fourth quarter ending December 31, 2024, of $0.3438 per diluted share, for the Company's 5.5% Series B Cumulative Convertible Preferred Stock. This dividend is payable on January 15, 2025,

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 million of the most junior tranche of the loan, which lowered its net spread on the $364.8 million remaining loan amount to SOFR + 3.01%.  The loan is secured by five hotels:  Pier House

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 market conditions, to be completed in 2024 and 2025, respectively. "We are pleased to announce the closing of the sale of the Hilton La Jolla Torrey Pines at a very attractive cap rate,

DALLAS, July 11, 2024 /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 third quarter ending September 30, 2024.  This dividend, which equates to an annual rate of $0.20 per share, is payable on October 15, 2024, to stockholders of record as of September 30, 2024. 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, 202

  Blackwells to Withdraw Proxy Solicitation and Vote in Favor of All Braemar Nominees and Proposals Company to Add Independent Director with Input from Blackwells, Which Will Become a Significant Shareholder  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"). Under the terms of the Cooperation Agreement, Blackwells will withdraw its director nomination notice and proposals, cease soliciting proxies and vote in favor of all Braemar directors and proposals at the 2024 Annual Meeting of Stockholders

Introduces www.ExpelBlackwells.com to Provide Shareholders the Facts About Blackwells' Misleading and Confusing "Campaign" to Defame Braemar Braemar Remains Committed to Acting in the Best Interests of All Shareholders to Maximize Value Encourages Shareholders to Ignore the Noise and Discard the White Proxy Card DALLAS, June 11, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced the launch of www.ExpelBlackwells.com, in connection with Braemar's 2024 Annual Meeting of Stockholders scheduled to be held on Tuesday, July 30, 2024 (the "2024 Annual Meeting"). The website provides important information regarding "activist" investor Blackwell

DALLAS, May 14, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced that, based on estimated preliminary results, Blackwells Capital LLC's ("Blackwells") withhold proxy campaign at Ashford Hospitality Trust, Inc. ("Ashford Trust") proved to be a failure, as only 7% of Ashford Trust's outstanding shares voted on the Blackwells proxy card.  Ashford Trust announced earlier today that seven of its nine nominees received a majority of the votes cast and the remaining two nominees were re-appointed by the Board after the meeting in accordance with Ashford Trust's corporate governance guidelines. The Company reminds shareholders to disregard a

DALLAS, May 6, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company"), reflecting its commitment to creating long-term value for shareholders, today announced notable capital market activities and strategic updates, including: The sale of Hilton Torrey Pines for $165 million, while evaluating the sale of two other hotels,The repayment of its remaining 2024 debt maturities,A $50 million preferred share redemption program, andA $50 million common share buyback authorizationThe Company announced today that it has signed a definitive agreement to sell the 394-room Hilton La Jolla Torrey Pines located in La Jolla, California for $165 million.  Including antici

Recommends Shareholders Protect Their Investment by Discarding Blackwells' Illegal White Proxy Card and Waiting to Vote Until Receiving the Company's Proxy Materials and GOLD Proxy Card Reiterates that Braemar is Executing its Strategy to Maximize Value for All Shareholders DALLAS, April 11, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today sent a letter reminding shareholders to disregard any proxy materials received from activist investor Blackwells Capital LLC ("Blackwells") in connection with the Company's 2024 Annual Meeting of Stockholders (the "2024 Annual Meeting"), which is scheduled to be held on Wednesday, May 15, 2024. As previousl

DALLAS, April 10, 2024 /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, 2024. This dividend, which equates to an annual rate of $0.20 per share, is payable on July 15, 2024, to stockholders of record as of June 28, 2024. The Board declared a quarterly cash dividend for the second quarter ending June 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 July 15, 2024, to stockholders

Board Unanimously Rejected Recent Director Nomination Notice from Blackwells Due to False Statements and Material Omissions in Violation of SEC Rules and the Company's Bylaws  Files Complaint to Prevent Blackwells from Launching an Illegal Proxy Solicitation and Spreading Confusion and Misinformation Among Braemar's Shareholders  Complaint Details Blackwells' Plan to Take Control of the Board – in Spite of Having Invested Only $20,000 in Braemar – in Order to Sell the Company Below its Intrinsic Value to Blackwells and its Affiliates  Braemar Remains Committed to Acting in the Best Interests of All Shareholders to Maximize Value DALLAS, March 25, 2024 /PRNewswire/ -- Braemar Hotels & Res

DALLAS, March 11, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced that it successfully closed on a property-level mortgage financing for the 96-room Ritz-Carlton Reserve Dorado Beach in Dorado, Puerto Rico. The $62 million non-recourse loan has a two-year term. The loan is interest only and provides for a floating interest rate of SOFR + 4.75%.  "We are pleased to capitalize on the current favorable conditions in the lending markets to secure this attractive financing of the iconic Ritz-Carlton Reserve Dorado Beach," said Richard J. Stockton, Braemar's President and Chief Executive Officer.  He continued, "Looking ahead, hotel debt

DALLAS, Feb. 7, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced that it has refinanced or extended almost all of its 2024 debt maturities. A total of approximately $300 million in debt, out of a total of approximately $330 million maturing in 2024, has been extended or refinanced as follows: Refinanced the 550-room Capital Hilton in Washington, D.C. with a new $110.6 million mortgage loan with Aareal Capital Corporation. The new loan has an initial maturity date of December 2026 with two one-year extension options, subject to the satisfaction of certain conditions and bears interest at a floating interest rate of SOFR + 3.75%. The p

DALLAS, Jan. 25, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced the tax reporting (Federal Form 1099-DIV) information for the 2023 distributions on its common shares and its Series B, D, E and M preferred shares. The amounts below represent the income tax treatment applicable to each distribution that is reportable in 2023. The common and preferred distributions that the Company paid on January 17, 2023 to stockholders of record as of December 30, 2022 are reportable in 2023. The common and preferred distributions that the Company paid on January 16, 2024 to stockholders of record as of December 29, 2023 will be reportable in 2024.

DALLAS, Jan. 8, 2024 /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 first quarter ending March 31, 2024.  This dividend, which equates to an annual rate of $0.20 per share, is payable on April 15, 2024, to stockholders of record as of March 28, 2024. The Board declared a quarterly cash dividend for the first quarter ending March 31, 2024, of $0.3438 per diluted share, for the Company's 5.5% Series B Cumulative Convertible Preferred Stock. This dividend is payable on April 15, 2024, to stockholder

DALLAS, Oct. 10, 2023 /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 fourth quarter ending December 31, 2023.  This dividend, which equates to an annual rate of $0.20 per share, is payable on January 16, 2024, to stockholders of record as of December 29, 2023. The Board declared a quarterly cash dividend for the fourth quarter ending December 31, 2023, of $0.3438 per diluted share, for the Company's 5.5% Series B Cumulative Convertible Preferred Stock. This dividend is payable on January 16, 2024

DALLAS, Aug. 1, 2023 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced the rebranding and planned conversion of its Mr. C Beverly Hills ("Mr. C") in Los Angeles, California to the Cameo Beverly Hills. Beginning August 4, 2023, Cameo Beverly Hills will be available for booking on Hilton's website at hilton.com and join Hilton Honors, Hilton's award-winning guest loyalty program. Following an extensive renovation, which is expected to be completed by the end of 2025, the hotel will join LXR Hotels & Resorts ("LXR"). One of Hilton's iconic luxury brands, LXR is a collection of unique, independent luxury properties around the world that focuses

DALLAS, Aug. 1, 2023 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced that it has entered into a new $200 million corporate financing. The financing has an initial three-year term and includes a senior secured term loan facility in an initial principal amount of $150 million and a senior secured revolving credit facility in an initial principal amount of $50 million. The financing includes the opportunity to expand the borrowing capacity up to an aggregate size of $400 million, and there is a one-year extension option subject to the satisfaction of certain conditions. The financing is fully prepayable without penalty, and the interest rate

DALLAS, July 11, 2023 /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 third quarter ending September 30, 2023.  This dividend, which equates to an annual rate of $0.20 per share, is payable on October 16, 2023, to stockholders of record as of September 29, 2023. The Board declared a quarterly cash dividend for the third quarter ending September 30, 2023, of $0.3438 per diluted share, for the Company's 5.5% Series B Cumulative Convertible Preferred Stock. This dividend is payable on October 16, 2023

DALLAS, June 13, 2023 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") announced that it has finalized an extension of its $435 million mortgage loan secured by four properties: The Notary Hotel, The Clancy, Sofitel Chicago Magnificent Mile, and Marriott Seattle Waterfront. The loan is being extended beyond its original initial maturity in June 2023 for an additional twelve months. In conjunction with the extension, the Company paid down $142 million of the loan utilizing corporate cash on hand, which reduced the balance to approximately $293 million.  As part of the extension the Company also purchased an interest rate cap through June 2024 with a strike

DALLAS, April 18, 2023 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") announced that it has finalized an extension of its $51.0 million mortgage loan for the 80-room Hotel Yountville. The loan is being extended beyond its original maturity in May 2023 for an additional 6 months with one additional 6-month extension available. As extended, the loan will have a rate of SOFR + 2.55% that will reset to SOFR + 3.50% on July 1, 2023. In conjunction with this extension, the Company has purchased a SOFR interest rate cap at a strike of 5.25% with an expiration date of November 10, 2023. The Company is also working with its lender on an extension or refinancing

DALLAS, April 10, 2023 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") announced that it has finalized an extension of its $98.0 million mortgage loan for the 276-room The Ritz-Carlton Sarasota. The loan is being extended beyond its original maturity in April 2023 for an additional 6 months with one additional 6-month extension available. As extended, The Ritz-Carlton Sarasota loan will have a rate of SOFR + 2.65% that will reset to SOFR + 3.50% on June 1, 2023. In conjunction with this extension, the Company has purchased a SOFR interest rate cap at a strike of 5.25% with an expiry of October 4, 2023. The Company is also working with its lender on an ex

DALLAS, April 5, 2023 /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, 2023.  The dividend, which equates to an annual rate of $0.20 per share, is payable on July 17, 2023, to stockholders of record as of June 30, 2023. The Board declared a quarterly cash dividend for the second quarter ending June 30, 2023, of $0.3438 per diluted share, for the Company's 5.5% Series B Cumulative Convertible Preferred Stock. This dividend is payable on July 17, 2023, to stockholders of

DALLAS, March 14, 2023 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") issued the following statement today:  In light of recent events in the banking industry, the Company thought it would be helpful to provide some clarity on its current cash holdings.  Currently, approximately 60% of the Company's cash is held in short-term U.S. Treasury Securities with maturity dates of less than 90 days.  Approximately 18% is held at commercial banks in Insured Cash Sweep ("ICS") accounts, which are fully insured by the FDIC. Approximately 16% relates to property-level operating cash deposited with commercial banks that have been designated as a Global Systemically

DALLAS, Jan. 11, 2023 /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 first quarter ending March 31, 2023.  The dividend, which equates to an annual rate of $0.20 per share, is payable on April 17, 2023, to shareholders of record as of March 31, 2023. The Board declared a quarterly cash dividend for the first quarter ending March 31, 2023, of $0.3438 per diluted share, for the Company's 5.5% Series B Cumulative Convertible Preferred Stock. This dividend is payable on April 17, 2023, to stockholders

DALLAS, Jan. 6, 2023 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") reported today that the Company expects to report occupancy of approximately 64% for the fourth quarter of 2022 with an average daily rate of approximately $469 resulting in RevPAR of approximately $301. This RevPAR reflects an approximate increase of 8% compared to the fourth quarter of 2021 and an approximate increase of 20% compared to the fourth quarter of 2019. Additionally, for the month of December 2022, RevPAR increased approximately 26% versus December 2019. For the month of November 2022, RevPAR increased approximately 15% versus November 2019. For the month of October 2022, R

DALLAS, Dec. 21, 2022 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) (the "Company" or "Braemar"), announced today its preliminary expectations for net income and Adjusted EBITDAre for the fourth quarter ending December 31, 2022. The Company reported today a preliminary estimated range of net income of approximately $0.5 million to $3.5 million and a preliminary estimated range of Adjusted EBITDAre of $36.0 million to $39.0 million.  The lower end of this preliminary estimated range of Adjusted EBITDAre is higher than the current average of the estimates published by the equity research analysts that cover the Company. As previously announced, the Company's RevPAR for the month of

Quarterly Common Stock Dividend Increased to $0.05 Per Share Board of Directors Authorizes $25 million for Share Repurchases DALLAS, Dec. 8, 2022 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced that its Board of Directors increased its quarterly cash dividend from $0.01 per share to $0.05 per share beginning with the Company's common stock dividend for the fourth quarter ending December 31, 2022. The dividend, which equates to an annual rate of $0.20 per share, is payable on January 17, 2023, to stockholders of record as of December 30, 2022. The Board of Directors also approved the Company's dividend policy for 2023.  The Company expects

DALLAS, Dec. 5, 2022 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") reported today preliminary portfolio occupancy of approximately 64% for the month of November 2022 with an average daily rate ("ADR") of approximately $394 resulting in RevPAR of approximately $253. This RevPAR reflects an approximate increase of 5% versus November 2021 and an approximate increase of 15% compared to November 2019. Additionally, for the month of October 2022,  preliminary portfolio occupancy was approximately 73% with an ADR of approximately $382 resulting in RevPAR of approximately $280. This RevPAR reflects an approximate increase of 25% versus October 2021 and an appr

Acquisition Highlights: Luxury 210-key resort in North Scottsdale nestled in the foothills of the Sonoran Desert near Pinnacle PeakThe Company will purchase the asset using $267.8 million of cash on handRevenue per available room (RevPAR) of $407 forecasted for 2022 year-endNumerous world-class amenities including spa treatments, a bi-level pool and authentic Southwest cuisine; offering breathtaking mountain views and ideally situated near two world-class golf coursesDALLAS, Nov. 1, 2022 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced it has entered into a definitive agreement to acquire the 210-room Four Seasons Resort Scottsdale at Troo

DALLAS, Oct. 26, 2022 /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 third quarter ended September 30, 2022. The Company reported today a preliminary estimated range of net loss attributable to common stockholders of approximately $(14.7) million to $(13.3) million, or $(0.21) to $(0.19) per share, a preliminary estimated range of Adjusted EBITDAre of $33.3 million to $34.7 million, and a preliminary estimated range of Adjusted FFO available to common stockholders and OP unitholders of $12.0 million to $13.4 million

DALLAS, Oct. 11, 2022 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") reported today that the Company expects to report occupancy of approximately 71% for the third quarter of 2022 with an average daily rate of approximately $403 resulting in RevPAR of approximately $288. This RevPAR reflects an approximate increase of 19% compared to the third quarter of 2021 and an approximate increase of 19% compared to the third quarter of 2019. Additionally, for the month of September 2022, RevPAR increased approximately 16% versus September 2019. For the month of August 2022, RevPAR increased approximately 12% versus August 2019. For the month of July 2022, RevPAR

DALLAS, Oct. 7, 2022 /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 for the fourth quarter ending December 31, 2022, of $0.3438 per diluted share, for the Company's 5.5% Series B Cumulative Convertible Preferred Stock. This dividend is payable on January 17, 2023, to stockholders of record as of December 30, 2022. The Board declared a quarterly cash dividend for the fourth quarter ending December 31, 2022, of $0.5156 per diluted share, for the Company's 8.25% Series D Cumulative Preferred Stock. This dividend is payable on January 17, 2023, to stockholders of re

DALLAS, Sept. 8, 2022 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced that its Board of Directors declared a quarterly cash dividend of $0.01 per diluted share for the Company's common stock for the third quarter ending September 30, 2022. The dividend, which equates to an annual rate of $0.04 per share, is payable on October 17, 2022, to stockholders of record as of September 30, 2022. Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts. Forward-Looking StatementsCertain statements and assumptions in this press release contain or are based upon "forward-looking" information

DALLAS, July 7, 2022 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") reported today that the Company expects to report occupancy of approximately 71% for the second quarter of 2022 with an average daily rate ("ADR") of approximately $442 resulting in RevPAR of approximately $315. This RevPAR reflects an approximate increase of 43% compared to the second quarter of 2021 and an approximate increase of 28% compared to the second quarter of 2019. The preliminary operating information discussed above assumes the 15 hotel properties owned and included in the Company's operations at June 30, 2022, were owned as of the beginning of 2019. "We're extremely pleased

DALLAS, July 5, 2022 /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 for the third quarter ending September 30, 2022, of $0.3438 per diluted share, for the Company's 5.5% Series B Cumulative Convertible Preferred Stock. This dividend is payable on October 17, 2022, to stockholders of record as of September 30, 2022. The Board declared a quarterly cash dividend for the third quarter ending September 30, 2022, of $0.5156 per diluted share, for the Company's 8.25% Series D Cumulative Preferred Stock. This dividend is payable on October 17, 2022, to stockholders of r

DALLAS, June 1, 2022 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced that its Board of Directors declared a quarterly cash dividend of $0.01 per diluted share for the Company's common stock for the second quarter ending June 30, 2022. The dividend, which equates to an annual rate of $0.04 per share, is payable on July 15, 2022, to stockholders of record as of June 30, 2022. Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts. Forward-Looking Statements Certain statements and assumptions in this press release contain or are based upon "forward-looking" information and are bein

DALLAS, April 25, 2022 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) (the "Company" or "Braemar"), announced today its preliminary expectations for net income attributable to common stockholders, Adjusted EBITDAre, and Adjusted FFO for the first quarter ended March 31, 2022. The Company reported today a preliminary estimated range of net income attributable to common stockholders of approximately $10.6 million to $12.0 million, a preliminary estimated range of Adjusted EBITDAre of $48.5 million to $49.9 million, and a preliminary estimated range of Adjusted FFO available to common stockholders, OP unitholders, Series B Cumulative Convertible preferred stockholders and convertible

DALLAS, April 7, 2022 /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 for the second quarter ending June 30, 2022, of $0.3438 per diluted share, for the Company's 5.5% Series B Cumulative Convertible Preferred Stock. This dividend is payable on July 15, 2022, to stockholders of record as of June 30, 2022. The Board declared a quarterly cash dividend for the second quarter ending June 30, 2022, of $0.5156 per diluted share, for the Company's 8.25% Series D Cumulative Preferred Stock. This dividend is payable on July 15, 2022, to stockholders of record as of June 3