Welcome to our dedicated page for Braemar Hotels & Resorts SEC filings (Ticker: BHR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Braemar Hotels & Resorts Inc. filings document the regulatory record of a Maryland REIT that owns luxury hotel and resort assets and reports as a public company with NYSE-listed common stock and listed Series B and Series D preferred stock. Its Form 8-K filings include operating and financial results, hotel performance metrics, Regulation FD dividend releases, material agreements, and other event disclosures.
The filing record also covers the externally advised structure involving Braemar Hospitality Limited Partnership, Braemar TRS Corporation, Ashford Inc., and Ashford Hospitality Advisors LLC. Disclosures address the advisory agreement, preferred-stock dividend treatment across Series B, Series D, Series E, and Series M securities, liquidation-value reporting for non-traded redeemable preferred stock, governance matters, officer-transition reporting, exhibits, and Inline XBRL cover-page data.
Braemar Hotels & Resorts Inc. is the target of a proxy solicitation by Al Shams Investments Limited and Wafic Rida Said, who say they will file a definitive proxy statement on Schedule 14A and use a WHITE Universal Proxy Card to solicit shareholder votes for the Annual Meeting. The filing notes Amendment No. 7 to a Schedule 13D was filed on May 22, 2026 and that the definitive materials and related disclosures will be furnished to shareholders and available on the SEC website.
Braemar Hotels & Resorts Inc. entered into Amendment No. 3 to its Fifth Amended and Restated Advisory Agreement with Ashford Inc. and affiliated entities on May 21, 2026. The amendment was proposed to, and approved by, the company’s independent directors.
The change solely extends the period during which Braemar and its external advisor will negotiate a revised Base Fee or Incentive Fee under the advisory agreement, now running through and including December 31, 2026. All other terms of the advisory agreement remain governed by the existing documents referenced in the exhibits.
Braemar Hotels & Resorts Inc. shareholder group updates its ownership disclosure and signals potential board changes. Al Shams Investments LTD and Wafic Rida Said report beneficial ownership of 6,513,000 common shares, representing 9.55% of Braemar’s outstanding stock, with shared voting and dispositive power.
The reporting persons state an intent to seek the election of new directors at Braemar’s 2026 Annual Meeting of Stockholders. Their counsel sent a letter dated May 20, 2026 to the company requesting the issuer’s standard proposed nominee questionnaire, as referenced in the company’s bylaws. The letter is included as an exhibit.
Braemar Hotels & Resorts Inc. announced that its Board declared monthly and partial quarterly cash dividends on several preferred stock series for May 2026. The 5.5% Series B Cumulative Convertible Preferred Stock will receive $0.1146 per diluted share, and the 8.25% Series D Cumulative Preferred Stock will receive $0.17187 per diluted share, with both amounts representing one-third of the full quarterly dividend to be paid on July 15, 2026 to stockholders of record as of June 30, 2026.
The Board also declared a monthly cash dividend on all CUSIPs of the Series E Redeemable Preferred Stock of $0.15625 per share, and on various CUSIPs of the Series M Redeemable Preferred Stock of $0.17917 or $0.17708 per share, each payable on June 15, 2026 to stockholders of record as of May 29, 2026. As of April 30, 2026, there were 11,146,482 Series E and 1,373,463 Series M Redeemable Preferred shares issued and outstanding.
Braemar Hotels & Resorts Inc. reports Schedule 13G/A ownership details for its 5.50% Series B Cumulative Convertible Preferred Stock (CUSIP 10482B200). The filing shows Virtus InfraCap U.S. Preferred Stock ETF holds 601,124 shares, representing 19.52% of that class as reported.
The shares are reported as held in accounts of Infrastructure Capital Advisors, LLC clients; Infrastructure Capital Advisors disclaims beneficial ownership except for its pecuniary interest. The filing is signed on 05/15/2026.
Braemar Hotels & Resorts released an investor presentation highlighting solid first-quarter 2026 performance in a stable but selective lodging market. For comparable hotels, average daily rate rose to $745 and RevPAR to $480.8, both up 5.7% year over year, while total hotel revenue increased 5.4% to $211.6 million.
Comparable Hotel EBITDA grew 13.7% to $75.5 million, expanding margins to 35.7% from 33.1%, with resorts clearly outperforming urban properties. Adjusted funds from operations reached $0.52 per diluted share, a 30% increase and the company’s highest quarterly AFFO per share in five years.
Braemar emphasizes its concentration in luxury and upper-upscale hotels and resorts, with Ritz-Carlton-branded properties driving trailing-twelve-month Hotel EBITDA. The company reported net debt at 43.4% of gross assets and described a manageable debt maturity profile, supported by ongoing capital investment of $12.1 million during the quarter.
Braemar Hotels & Resorts Inc. received notice from activist holder Al Shams Investments Limited that it intends to seek election of new directors at the company’s 2026 annual meeting.
The participants state they beneficially own 6,513,000 shares and plan to file a definitive Schedule 14A and a WHITE Universal Proxy Card to solicit shareholder proxies.
Al Shams Investments Ltd and Wafic Rida Said filed an amended Schedule 13D for Braemar Hotels & Resorts Inc., reporting beneficial ownership of 6,513,000 shares of common stock, or 9.55% of the class. They sent a May 8, 2026 letter to Braemar’s independent directors urging a pause on individual hotel asset sales and stating that ASIL intends to nominate alternative directors at the 2026 Annual Meeting of Stockholders. The filing emphasizes their stated lack of confidence in the current Board’s oversight and calls for shareholders to have an opportunity to elect new directors.
Braemar Hotels & Resorts Inc. reported Q1 2026 total hotel revenue of $208.98M, down from $215.82M a year earlier, largely reflecting the prior-year sale of two hotels. Despite lower revenue, operating income rose to $39.62M from $36.74M as hotel operating costs and property taxes declined.
Net income improved to $18.03M from $10.67M, and net income attributable to common stockholders swung to a profit of $4.90M from a loss of $2.55M, or $0.07 per diluted share versus $(0.04) last year. Operating cash flow increased to $21.95M, while cash used for investing and financing totaled $11.88M and $28.16M, respectively, driven in part by $17.01M of preferred stock redemptions.
Cash, cash equivalents and restricted cash were $148.74M at March 31, 2026, compared with $166.83M at the prior year-end. Total indebtedness carried value was about $1.11B, and the company stated it was in compliance with all debt covenants. Braemar also had outstanding investor-initiated redemption requests of approximately $45.7M for Series E and $1.0M for Series M preferred stock.
Braemar Hotels & Resorts reported a profitable first quarter of 2026 and continued progress on its strategic review. Net income attributable to common stockholders was $4.9 million, or $0.07 per diluted share, compared with a loss a year earlier. Adjusted FFO reached $0.52 per diluted share, while Adjusted EBITDAre was $66.5 million. Comparable RevPAR for all hotels rose to $481, up 5.7%, driven by a 5.7% increase in ADR to $745 with essentially flat occupancy at 64.5%. Comparable Hotel EBITDA climbed to $75.5 million, a 13.7% increase, with margins improving to 35.7%.
The company ended the quarter with $93.4 million in cash and $55.4 million in restricted cash, and net debt to gross assets of 43.4%. It also agreed to sell the 193-room Park Hyatt Beaver Creek for $176 million, representing a 4.6% cap rate on trailing 12‑month net operating income. Management reiterated that no 2026 common dividend policy has been set while an ongoing company sale process could lead to asset sales and distributions of net proceeds after obligations are met.