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.
Braemar Hotels & Resorts Inc. (NYSE: BHR) is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts. The news flow around Braemar, as reflected in its press releases and Form 8-K filings, centers on portfolio activity, capital markets transactions, governance developments, and the company’s ongoing strategic review.
Investors following BHR news will see regular announcements of quarterly earnings release dates and related conference calls, where Braemar discusses financial results for periods such as the third and fourth quarters and provides supplemental information via press releases and call transcripts. These updates are typically accompanied by Form 8-K filings that furnish the earnings materials.
Company news also highlights significant portfolio transactions. For example, Braemar has reported entering into and completing the sale of The Clancy hotel in San Francisco, including details on sale price, capitalization rates based on trailing net operating income, debt repayment, and net proceeds. Other releases describe financing activity, such as the refinancing of the mortgage loan secured by the Four Seasons Resort Scottsdale at Troon North, including changes to loan balance, interest rate spread, and term.
Strategic and governance developments are another key theme in Braemar’s news. An August 26, 2025 announcement details the Board’s decision to initiate a process for the sale of the company after a review of strategic alternatives by a Special Committee of independent directors. Additional disclosures describe a cooperation agreement with a significant shareholder group and the planned expansion of the Board of Directors. News items also cover changes to the format and logistics of the annual meeting of stockholders, including a shift to a virtual meeting format.
Dividend declarations for common and preferred stock series, as well as updates on advisory and management arrangements with Ashford Inc. and its affiliates, appear in Braemar’s public communications. For ongoing insight into BHR, readers can use this news page to review the company’s earnings announcements, asset sales, refinancing transactions, governance updates, and strategic review milestones as they are reported through press releases and SEC filings.
Braemar Hotels & Resorts (NYSE: BHR) has successfully extended its mortgage loan for the 170-room Ritz-Carlton Lake Tahoe. The loan, which was set to mature in January 2025, now has a final maturity date in January 2026. The extension includes a $10 million paydown and features a reduced spread of SOFR + 3.25%.
The company is also actively engaging with lenders regarding a $293.2 million loan due in June 2025. CEO Richard Stockton expressed optimism about improving conditions in the hotel lending market and potential future financing opportunities.
Braemar Hotels & Resorts (NYSE: BHR) has announced its dividend declarations for the first quarter of 2025. The Board declared a quarterly cash dividend of $0.05 per share for common stock, payable on April 15, 2025, to stockholders of record as of March 31, 2025, representing an annual rate of $0.20 per share.
The company also declared dividends for its preferred stock series: 5.5% Series B ($0.3438 per share), 8.25% Series D ($0.5156 per share), Series E ($0.15625 monthly), and Series M ($0.17708 or $0.17500 monthly, depending on CUSIP). As of December 31, 2024, there were 14,910,521 shares of Series E and 1,476,621 shares of Series M Redeemable Preferred Stock outstanding.
Braemar Hotels & Resorts (NYSE: BHR), a REIT specializing in luxury hotels and resorts, has announced its schedule for the fourth quarter 2024 earnings release and conference call. The company will release its Q4 results after market close on Wednesday, February 26, 2025.
A conference call will be held the following day, Thursday, February 27, 2025, at 11:00 a.m. ET. Investors can join the interactive teleconference by calling (646) 960-0284. A replay will be available through March 6, 2025, via (609) 800-9909 using confirmation number 2925607.
The quarterly conference call will also be broadcast live on the company's website, www.bhrreit.com, with an online replay available for approximately one year.
Braemar Hotels & Resorts Inc. (NYSE: BHR) has announced the addition of Jay Shah to its Board of Directors as a new independent director. Shah, 56, brings extensive experience in the hospitality and real estate sectors, having served in various executive roles at Hersha Hotels & Resorts, including as CEO for 17 years and most recently as Executive Chairman.
Shah's background includes significant involvement in industry associations and educational institutions. He serves on Cornell University's Dean's Advisory Board for the School of Hotel Administration and is a member of the American Hotel & Lodging Association's Board of Directors. Shah holds degrees from Cornell University, Temple University Fox School of Business, and Temple University Beasley School of Law.
Braemar's Chairman, Monty J. Bennett, expressed enthusiasm for Shah's appointment, citing his valuable experience in both the lodging industry and public company matters.
Braemar Hotels & Resorts (NYSE: BHR) has announced its dividend declarations for the fourth quarter of 2024. The Board of Directors declared a quarterly cash dividend of $0.05 per diluted share for common stock, payable on January 15, 2025. This equates to an annual rate of $0.20 per share. Additionally, dividends were declared for various preferred stock series:
- 5.5% Series B: $0.3438 per diluted share
- 8.25% Series D: $0.5156 per diluted share
- Series E: $0.15625 per share monthly
- Series M: $0.17708, $0.17500, or $0.17292 per share monthly, depending on CUSIP
All dividends will be paid to stockholders of record on their respective dates in December 2024 and January 2025. As of September 30, 2024, there were 15,138,572 shares of Series E and 1,596,285 shares of Series M Redeemable Preferred Stock outstanding.
Braemar Hotels & Resorts Inc. (NYSE: BHR) has announced the schedule for its third quarter 2024 earnings release and conference call. The company plans to release its financial results for the quarter ended September 30, 2024, after market close on Wednesday, November 6, 2024. A conference call to discuss the results is scheduled for Thursday, November 7, 2024, at 11:00 a.m. ET.
Investors can participate in the interactive teleconference by calling (646) 960-0284. A replay will be available until November 14, 2024, by dialing (609) 800-9909 with the confirmation number 2925607. Additionally, a live broadcast of the quarterly conference call will be accessible on the company's website, www.bhrreit.com, starting at 11:00 a.m. ET on November 7, 2024, with an online replay available for approximately one year.
Braemar Hotels & Resorts Inc. (NYSE: BHR) has successfully closed a $407 million refinancing involving five luxury hotels. The new loan offers a two-year initial term with three one-year extension options, potentially extending the final maturity to 2029. It features a floating interest rate of SOFR + 3.24% and is interest-only. By acquiring $42.2 million of the most junior tranche, Braemar effectively lowered its net spread on the remaining $364.8 million to SOFR + 3.01%.
This refinancing encompasses the Pier House Resort & Spa, Bardessono Hotel & Spa, Hotel Yountville, The Ritz-Carlton Sarasota, and The Ritz-Carlton St. Thomas. It replaces three existing loans with higher interest rates and earlier maturity dates. CEO Richard J. Stockton highlighted that this move results in a lower cost of capital, improves the company's maturity schedule, and extends its weighted average maturity.
Ashford Inc. announced the passing of W. Michael Murphy, a member of its Board of Directors, on July 24, 2024. Murphy, a distinguished hotel industry veteran, had served on Ashford Inc.'s board since August 2018. His extensive experience included board positions at Braemar Hotels & Resorts (NYSE: BHR) from 2013 to 2015 and Ashford Hospitality Trust (NYSE: AHT) from 2003 to 2013.
Monty J. Bennett, Ashford Inc.'s Chairman and CEO, expressed deep sadness at Murphy's passing, acknowledging his value as both a friend and business leader. The company extended condolences to Murphy's family on behalf of the directors, management, and the entire Ashford Group of Companies.
Braemar Hotels & Resorts Inc. (NYSE: BHR) has successfully closed the sale of the Hilton La Jolla Torrey Pines for $165 million, or $419,000 per key. This transaction, based on the trailing twelve months ended March 31, 2024, represents a 7.2% capitalization rate on net operating income, including anticipated capital expenditures of $40 million.
The sale removes BHR's last remaining 2024 debt maturity and showcases the high-quality nature of its portfolio. The company is evaluating the potential sale of two more hotels, subject to market conditions, to be completed in 2024 and 2025. This strategic move aligns with Braemar's focus on investing in luxury hotels and resorts as a real estate investment trust (REIT).
Braemar Hotels & Resorts (NYSE: BHR) has announced quarterly and monthly dividends for its various stock series for the third quarter of 2024. For the common stock, a quarterly dividend of $0.05 per share will be paid on October 15, 2024, to shareholders of record as of September 30, 2024. Series B and Series D preferred stocks will receive quarterly dividends of $0.3438 and $0.5156 per share, respectively, on the same payment date. Monthly dividends are also declared for Series E and Series M Redeemable Preferred Stocks, with payments scheduled for August 15, September 16, and October 15, 2024. The dividends range from $0.15625 to $0.17708 per share depending on the series.
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