Braemar Hotels & Resorts Inc

Braemar Hotels & Resorts, Inc. is a real estate investment trust, which engages in investing in luxury hotels and resorts. It focuses on the direct hotel investments, which refers to owning hotel properties through either acquisition or new development. The company was founded By Montgomery Jack Bennett in April 2013 and is headquartered in Dallas, TX.

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Braemar Hotels & Resorts posts record Q4 results and eyes strategic growth opportunities

Braemar Hotels & Resorts delivered strong financial performance in Q4 2022, driven by robust EBITDA growth and RevPAR increases. The company's strategic focus on acquisitions and portfolio enhancement, coupled with a strong balance sheet and optimistic outlook, positions it well for future growth.

Braemar Hotels & Resorts posts solid Q1 results, eyes growth

Braemar Hotels & Resorts demonstrated strong Q1 performance with solid EBITDA and RevPAR growth, supported by successful acquisitions and balance sheet strength.
Efficiency improvements post-COVID and ongoing capital investments position the company for future growth despite margin challenges and tough comps.
Optimism surrounds Braemar's portfolio performance, with opportunities in urban assets, group business growth, and continued investment in property development.

Braemar Hotels & Resorts Inc. reports solid Q2 performance and optimistic outlook

Braemar Hotels & Resorts Inc. delivered a strong Q2 performance driven by urban hotels and resort properties. Despite challenges like softening resort demand, the company remains optimistic about future results. Opportunities lie in rebranding efforts, extended group booking windows, and projected growth in 2024 group pace.

Braemar Hotels & Resorts reports resilient performance and strategic growth outlook

Braemar Hotels & Resorts showcased strong performance in Q3 2023, driven by urban hotels and resilient luxury resorts.
Despite challenges such as net losses and RevPAR decline, the company's strategic initiatives and financial position offer stability.
Opportunities lie in demand stabilization, asset management focus, and strategic growth avenues for 2024 and beyond.
With a solid cash position and recent capital activities, Braemar is positioned to navigate market uncertainties and drive future growth.

Braemar Hotels & Resorts Inc excels in Q4 2023, eyes growth opportunities

Braemar Hotels & Resorts Inc delivered a strong performance in Q4 2023, driven by the success of urban hotels and luxury resorts, along with exceeding acquisition expectations.
Despite facing challenges such as a net loss and cost pressures, the company's robust balance sheet and focus on financial management position it well for future growth.
Opportunities lie in capital projects, revenue optimization, and strategic asset management, offering avenues for enhancing shareholder value and operational efficiency.

Braemar Hotels & Resorts excels in Q1 2024, focuses on value creation

Braemar Hotels & Resorts delivered a strong performance in Q1 2024, with positive RevPAR growth, successful acquisitions, and a focus on financial flexibility.
The company's emphasis on shareholder value creation through asset optimization and strategic initiatives underscores a commitment to enhancing investor returns.
While challenges such as market dynamics and asset performance exist, Braemar Hotels & Resorts is poised to capitalize on opportunities for growth and profitability.

Braemar Hotels & Resorts reports strong Q2 performance and strategic value creation

Braemar Hotels & Resorts showcased strong financial performance in Q2 2024, driven by RevPAR growth and strategic initiatives for shareholder value creation. While facing challenges like a net loss and evaluating asset sales, the company remains focused on optimizing its portfolio and operational efficiency. With opportunities to leverage successful initiatives and asset management activities, Braemar is poised for continued growth and value creation.

Braemar Hotels & Resorts reports strong Q3 performance and growth opportunities

Braemar Hotels & Resorts delivered a strong Q3 performance in urban hotels, showcasing financial resilience and progress on shareholder value creation.
Despite challenges like a net loss and hurricane impacts, the company's focus on balance sheet strength and strategic initiatives bode well for future growth.
Opportunities lie in capitalizing on positive market trends, executing the shareholder value creation plan, and enhancing asset management strategies.
Overall, Braemar Hotels & Resorts remains optimistic about its hotel performance, balance sheet health, and outlook for sustained success.

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Braemar Hotels & Resorts, Inc. is a real estate investment trust, which engages in investing in luxury hotels and resorts. It focuses on direct hotel investments, which refer to owning hotel properties through either acquisition or new development. The company was founded by Montgomery Jack Bennett on April 2013 and is headquartered in Dallas, TX.

Braemar is finally growing its dividend payouts after a 2-year suspension on the back of the pandemic. The hotel REIT has launched a $25 million common share buyback program as it executes on acquisitions meant to build back revenue and earnings.

Braemar Hotels & Resorts: Dividend Payouts Are Growing

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.

BRAEMAR HOTELS & RESORTS DECLARES DIVIDENDS FOR THE FIRST QUARTER OF 2023

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The REIT sector ended a brutal 2022 on a low note, with a -7.72% total return in December. Large cap (-4.89%), mid cap (-6.03%) and small cap (-8.21%) REITs all averaged single-digit declines December, but micro caps (-15.21%) fell much more sharply.

The State Of REITs: January 2023 Edition

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.

BRAEMAR HOTELS & RESORTS ANNOUNCES PRELIMINARY REVPAR RESULTS FOR FOURTH QUARTER 2022

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U.S. equity markets closed out their worst year since the Financial Crisis with a fourth-straight week of declines as Treasury yields jumped back to seven-week highs on renewed inflation and COVID concerns. Dragging its full-year declines to nearly 20%, the S&P 500 slipped 0.1% this week while the tech-heavy Nasdaq dipped another 0.4%, shedding nearly a third of its value in 2022.

Good Riddance, 2022

DALLAS , Dec. 29, 2022 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced that it has successfully closed on a mortgage loan for the 210-room Four Seasons Resort Scottsdale at Troon North in Scottsdale, Arizona. The non-recourse loan totals $100.0 million and has a three-year initial term with two one-year extension options, subject to the satisfaction of certain conditions.

BRAEMAR HOTELS & RESORTS ANNOUNCES CLOSING OF MORTGAGE LOAN ON THE FOUR SEASONS RESORT SCOTTSDALE AT TROON NORTH AND PLAN TO PAY OFF MORE EXPENSIVE LOAN

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.

BRAEMAR HOTELS & RESORTS PROVIDES Q4 2022 UPDATE

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.

BRAEMAR HOTELS & RESORTS ANNOUNCES INCREASE IN COMMON DIVIDEND AND NEW STOCK REPURCHASE AUTHORIZATION

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.

BRAEMAR HOTELS & RESORTS PROVIDES UPDATE ON RECENT OPERATING PERFORMANCE

DALLAS , Dec. 1, 2022 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced that it has completed the acquisition of the luxury 210-room Four Seasons Resort Scottsdale at Troon North in North Scottsdale, previously announced on November 1, 2022. The total consideration for the acquisition was $267.8 million.

BRAEMAR HOTELS & RESORTS COMPLETES ACQUISITION OF FOUR SEASONS RESORT SCOTTSDALE AT TROON NORTH

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The REIT sector achieved only its 3rd month in the black out of the first 10 months of 2022 with a +8.69% total return in October. Large cap REITs (+2.92%) averaged small gains, micro caps (+7.36%) and mid caps (+8.11%) had moderate gains and small caps (+12.85%) surged.

The State Of REITs: November 2022 Edition

Braemar Hotels & Resorts Inc. (NYSE:BHR ) Q3 2022 Earnings Conference Call November 3, 2022 12:00 PM ET Company Participants Jordan Jennings - Manager, Investor Relations Richard Stockton - President and Chief Executive Officer Deric Eubanks - Chief Financial Officer Chris Nixon - Executive Vice President and Head, Asset Management Conference Call Participants Bryan Maher - B. Riley Securities Operator Greetings and welcome to the Braemar Hotels and Resorts, Inc. Third Quarter 2022 Results Conference Call.

Braemar Hotels & Resorts Inc. (BHR) Q3 2022 Earnings Call Transcript

Braemar Hotels & Resorts (BHR) delivered FFO and revenue surprises of -20% and 0.61%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Braemar Hotels & Resorts (BHR) Q3 FFO and Revenues Lag Estimates

Acquisition Highlights: Luxury 210-key resort in North Scottsdale nestled in the foothills of the Sonoran Desert near Pinnacle Peak The Company will purchase the asset using $267.8 million of cash on hand Revenue per available room (RevPAR) of $407 forecasted for 2022 year-end Numerous 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 courses DALLAS , 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 Troon North (the "Property"). The acquisition is expected to close in the fourth quarter, subject to certain customary closing conditions.

BRAEMAR HOTELS & RESORTS ANNOUNCES AGREEMENT TO ACQUIRE FOUR SEASONS RESORT SCOTTSDALE AT TROON NORTH

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 for the third quarter ended September 30, 2022.

BRAEMAR HOTELS & RESORTS ANNOUNCES PRELIMINARY THIRD QUARTER 2022 RESULTS

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Braemar Hotels & Resorts (BHR) Stock?

The REIT has shown strong recovery in 2022 with rising rates and occupancy levels returning to pre-pandemic levels. I do not see a significant dividend raise on the common shares in the near term with slowing economic activity and rising interest rates.

Braemar Hotels: Turn A Risky 1% Yield Into A Safer 8-9% Yield

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.

BRAEMAR HOTELS & RESORTS ANNOUNCES PRELIMINARY REVPAR RESULTS FOR THIRD QUARTER 2022

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.

BRAEMAR HOTELS & RESORTS DECLARES PREFERRED DIVIDENDS FOR FOURTH QUARTER OF 2022

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.

BRAEMAR HOTELS & RESORTS DECLARES DIVIDEND FOR THE THIRD QUARTER OF 2022

Braemar Hotels & Resorts Inc. (NYSE:BHR ) Q2 2022 Earnings Conference Call August 4, 2022 11:00 AM ET Company Participants Jordan Jennings - Manager of IR Richard Stockton - President, CEO and Director Deric Eubanks - CFO and Treasurer Christopher Nixon - Senior VP and Head of Asset Management Conference Call Participants Tyler Batory - Oppenheimer Michael Bellisario - Baird Operator Greetings, and welcome to the Braemar Hotels & Resorts, Inc. Second Quarter 2022 Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Braemar Hotels & Resorts Inc. (BHR) CEO Richard Stockton on Q2 2022 Results - Earnings Call Transcript

Braemar Hotels & Resorts (BHR) delivered FFO and revenue surprises of 48% and 16.56%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Braemar Hotels & Resorts (BHR) Tops Q2 FFO and Revenue Estimates

Are Investors Undervaluing Braemar Hotels & Resorts (BHR) Right Now?

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.

BRAEMAR HOTELS & RESORTS ANNOUNCES PRELIMINARY REVPAR RESULTS FOR SECOND QUARTER 2022

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.

BRAEMAR HOTELS & RESORTS DECLARES PREFERRED DIVIDENDS FOR THIRD QUARTER OF 2022

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