Braemar Hotels & Resorts, Inc. (BHR)

In August 2025, Braemar announced it was initiating a process for the sale of the company. Braemar completed the sale of The Clancy hotel in San Francisco for $115 million on November 7, 2025, and also sold the Marriott Seattle Waterfront for $145 million in 2025. The company reported its Fourth Quarter and Full Year 2025 results on February 26, 2026, which included a net loss attributable to common stockholders of $46 million for Q4 2025 and a full-year net loss of $72.7 million. Braemar declared monthly preferred dividends for February and March 2026 across various series. On March 6, 2026, Ashford, Inc., announced the planned retirement of Chief Financial Officer Deric Eubanks. Braemar has been involved in proxy fights and legal disputes with activist shareholders. The company's share price experienced a decline of 16.67% between March 17, 2025, and March 13, 2026.

Demand for Braemar Hotels & Resorts' luxury products and services aligns with trends in the luxury hospitality market. Luxury travel demand has remained strong, with resort properties often driving performance. The Caribbean has seen continued strength in luxury demand. Recent data indicates that Caribbean hotels experienced a significant jump in occupancy and revenue in December 2025 and January 2026. There is also a growing preference for "smarter seasonal planning" and shoulder-season/off-peak travel among luxury travelers.

Braemar Hotels & Resorts, Inc. (BHR) is a real estate investment trust (REIT) focused on acquiring and owning luxury hotels and resorts, operating within the Real Estate sector. Braemar invests in high-performance luxury urban and resort properties, targeting assets with high RevPAR. The company's services include providing hotel rooms, dining options, and event spaces. Braemar also engages in asset management and offers design and construction services for property upgrades. The company's portfolio includes properties under brands such as Ritz-Carlton Reserve, Four Seasons, and Park Hyatt.

Braemar Hotels & Resorts owns interests in approximately 14 hotel properties located across six states, the District of Columbia, and St. Thomas, U.S. Virgin Islands. Notable properties include the Marriott Seattle Waterfront, Sofitel Chicago Magnificent Mile, and The Ritz-Carlton St. Thomas.

Braemar Hotels & Resorts' brand reputation has been influenced by corporate governance and shareholder relations. The company has faced challenges from activist investors and concerns regarding the external advisory agreement with Ashford Inc. Braemar emphasizes its guiding principles of being ethical, innovative, profitable, engaging, and tenacious, and highlights its philanthropic activities.

Braemar Hotels & Resorts has a diverse ownership structure, with approximately 20.25% of the company's stock held by institutional investors, and insiders owning about 3.43%. Public companies and individual investors hold the remaining 76.32%. Major institutional owners include BlackRock, Inc. and Vanguard Group Inc. Al Shams Investments Limited and Wafic Rida Said reported a 9.55% beneficial ownership as of November 5, 2025.