Welcome to our dedicated page for Braemar Hotels & Resorts news (Ticker: BHR), a resource for investors and traders seeking the latest updates and insights on Braemar Hotels & Resorts stock.
Overview of Braemar Hotels & Resorts Inc.
Braemar Hotels & Resorts Inc. (NYSE: BHR) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, ownership, and management of luxury hotels and resorts. The company's portfolio primarily consists of high revenue per available room (RevPAR) properties, strategically located in gateway cities, resort destinations, and other high-demand markets across the United States and the U.S. Virgin Islands. Braemar’s properties operate under globally recognized brands such as Marriott, Hilton, Ritz-Carlton, and Renaissance, providing a strong competitive advantage through brand equity and customer loyalty.
Core Business Model and Revenue Streams
Braemar generates revenue through its direct hotel investment segment, leveraging its portfolio of upscale and luxury hotels. Its diversified revenue streams include room bookings, food and beverage services, and other ancillary services such as event hosting and spa facilities. The company’s focus on high RevPAR properties ensures robust income generation, even in competitive markets. By targeting upscale and luxury segments, Braemar positions itself to attract affluent travelers and business clients, which supports higher margins and long-term asset appreciation.
Strategic Asset Management
Braemar employs a proactive asset management strategy aimed at maximizing shareholder value. This includes acquiring high-quality properties in prime locations, optimizing operations to improve profitability, and selectively disposing of non-core assets. Recent transactions, such as the sale of the Hilton La Jolla Torrey Pines, underscore the company’s commitment to refining its portfolio and enhancing financial flexibility. Additionally, Braemar’s refinancing initiatives and debt management efforts demonstrate its focus on maintaining a strong capital structure.
Market Position and Competitive Landscape
Operating in the competitive hospitality REIT sector, Braemar differentiates itself through its exclusive focus on luxury and upper-upscale properties. Its portfolio includes iconic assets in markets such as California, Texas, Florida, and Washington, D.C., which are known for their strong tourism and business travel demand. The company competes with other hospitality REITs by leveraging its partnerships with top-tier hotel brands and its strategic investments in high-demand locations. This approach not only enhances its market positioning but also mitigates risks associated with economic downturns.
Commitment to Shareholder Value
Braemar is dedicated to creating long-term value for its shareholders. The company’s initiatives include optimizing its capital structure, reducing interest expenses, and repurchasing shares. By focusing on high-quality assets and maintaining financial discipline, Braemar aims to deliver consistent returns while navigating market challenges. Its alignment with well-established hotel brands further supports its ability to drive strong financial performance and maintain investor confidence.
Industry Expertise and Operational Excellence
With deep experience in the luxury hospitality sector, Braemar’s management team brings a wealth of industry knowledge and strategic vision. The company’s focus on operational excellence is evident in its ability to maintain high occupancy rates and RevPAR metrics across its portfolio. By continuously evaluating market trends and adapting its strategy, Braemar demonstrates a commitment to staying at the forefront of the hospitality industry.
Conclusion
Braemar Hotels & Resorts Inc. stands out as a premier player in the luxury hospitality REIT space. Through its focus on high RevPAR properties, strategic asset management, and alignment with leading hotel brands, the company is well-positioned to capitalize on opportunities in the upscale and luxury travel markets. Its disciplined approach to portfolio optimization and financial management underscores its commitment to delivering value to shareholders while maintaining a strong competitive edge in the industry.
Braemar Hotels & Resorts (BHR) announced its inclusion in the Russell 2000®, Russell 3000®, and Microcap® Indexes, effective June 28, 2021. This addition signifies a recognition of the company's growth and aims to enhance visibility among investors. The Russell indexes, with $10.6 trillion in assets benchmarked, are widely utilized by investment managers. CEO Richard J. Stockton emphasized the importance of this milestone for maximizing shareholder value. The company focuses on luxury hotel investments and acknowledges potential risks outlined in its forward-looking statements, particularly relating to market conditions and regulatory factors.
Braemar Hotels & Resorts declared quarterly cash dividends for its preferred stocks. For the 5.5% Series B Cumulative Convertible Preferred Stock, the dividend is $0.3438 per share, with an annual rate of $1.375, payable on July 15, 2021, to shareholders on record as of June 30, 2021. For the 8.25% Series D Cumulative Preferred Stock, the dividend is $0.5156 per share, translating to an annual rate of $2.0625, also payable on July 15, 2021. These actions highlight the company's commitment to returning value to shareholders.
Braemar Hotels & Resorts (NYSE: BHR) announced its executives will present at the Nareit REITweek 2021 Virtual Investor Conference on June 10, 2021, at 9:45 a.m. ET. Interested investors can register for the live presentation through the official registration link. An on-demand recording will be available throughout the conference. Braemar focuses on investing in luxury hotels and resorts.
Forward-looking statements in the release include potential impacts of COVID-19 and market conditions on business strategy.
Braemar Hotels & Resorts Inc. (BHR) has announced the acquisition of the 138-room Mr. C Beverly Hills Hotel for $77.9 million. The deal includes 2.5 million OP units, 500,000 warrants, and $30 million cash primarily for debt repayment. The purchase price reflects a competitive $474,000 per key and a 5.0% capitalization rate based on net operating income. The hotel's RevPAR was $251.14 for 2019, and Remington will manage it post-acquisition. The transaction is set to close by July 9, 2021, pending customary conditions. The acquisition is expected to enhance the company's luxury hotel portfolio significantly.
Braemar Hotels & Resorts (NYSE: BHR) has successfully completed a private placement of $86.25 million in 4.5% Convertible Senior Notes due 2026. The offering included $11.25 million from the exercise of an option to purchase additional notes. The notes, which pay interest semi-annually, are convertible into shares at an initial rate of 157.7909 shares per $1,000 principal amount, equating to approximately $6.34 per share. Proceeds will be used for debt repayment and general corporate purposes.
Braemar Hotels & Resorts announced the pricing of a private placement of $75 million in 4.5% Convertible Senior Notes due 2026. An additional $11.25 million may be purchased at the initial buyer's discretion. The Notes will pay interest semi-annually and are convertible into common shares at an initial rate of 157.7909 shares per $1,000 principal. Proceeds will be used for general corporate purposes, including debt repayment and potential acquisitions. The offering is targeted at qualified institutional buyers under Rule 144A.
Braemar Hotels & Resorts (NYSE: BHR) announced a private placement of $50 million in Convertible Senior Notes due 2026. The offering includes a 13-day option for the initial purchaser to buy an additional $7.5 million in Notes. These senior unsecured obligations can be converted into cash, shares, or a combination at Braemar's discretion. Proceeds will be used for general corporate purposes, including paying down debt and potential acquisitions. The offering is restricted to qualified institutional buyers under Rule 144A, with no public registration.
Braemar Hotels & Resorts (NYSE: BHR) announced preliminary estimates for Q1 2021, reporting a net loss attributable to common stockholders between $(11.7) million and $(10.7) million, or $(0.29) to $(0.27) per share. Adjusted EBITDAre is estimated at $16.1 million to $17.1 million, while Adjusted FFO ranges from $9.7 million to $10.7 million. CEO Richard J. Stockton highlighted strong leisure demand at luxury properties and a positive corporate cash flow ahead of schedule. Final results will be disclosed on May 5, 2021.
Braemar Hotels & Resorts Inc. (NYSE: BHR) announced that it will release its first-quarter earnings results for the period ending March 31, 2021, after the market closes on May 5, 2021. A conference call to discuss the earnings will take place on May 6, 2021, at 11:00 a.m. ET. Investors can participate by calling (201) 493-6725, and a replay will be available until May 13, 2021. Braemar is a REIT focused on luxury hotels and resorts, enhancing investor engagement through the Ashford App, which is available for download on major app stores.
Braemar Hotels & Resorts Inc. (NYSE: BHR) reported key operating metrics for October and November 2020. The company maintained 13 hotels, with occupancy rates at 48.9% in October (down 33.6% year-over-year) and 44.9% in November (down 34.7%). Average daily rates (ADR) were $341.78 in October (down 0.9%) and $388.63 in November (up 15.3%). Revenue per available room (RevPAR) decreased 34.2% to $167.08 in October and 24.7% to $174.58 in November. Total hotel revenue decreased by 30.8% in October and 27.9% in November. Forward bookings show a 39% drop for December 2020 compared to the previous year.
FAQ
What is the current stock price of Braemar Hotels & Resorts (BHR)?
What is the market cap of Braemar Hotels & Resorts (BHR)?
What type of properties does Braemar Hotels & Resorts invest in?
How does Braemar generate revenue?
What differentiates Braemar from other hospitality REITs?
What is Braemar’s approach to asset management?
Which hotel brands are part of Braemar’s portfolio?
How does Braemar manage financial risks?
Where are Braemar’s properties located?
What is RevPAR, and why is it important to Braemar?
How does Braemar create value for shareholders?
What is Braemar’s competitive advantage?
