Braemar Hotels & Resorts Inc
NYSE:BHR
Braemar Hotels & Resorts Inc
Braemar Hotels & Resorts, Inc. is a real estate investment trust, which engages in investing in luxury hotels and resorts. The company is headquartered in Dallas, Texas. The company went IPO on 2013-11-06. The firm conducts its business and owns all of its assets through its operating partnership, Braemar Hospitality Limited Partnership (Braemar OP). The company operates in the direct hotel investment segment of the hotel lodging industry. The company owns interests in approximately 14 hotel properties in six states, the District of Columbia and St. Thomas, the United States, Virgin Islands with approximately 3,875 total rooms. The firm owns 12 of its hotel properties directly, and the remaining two hotel properties through an investment in a majority-owned consolidated entity. The firm's hotel properties include Marriott Seattle Waterfront, Sofitel Chicago Magnificent Mile, The Ritz-Carlton St. Thomas, The Ritz-Carlton Sarasota, Bardessono Hotel and Spa, The Ritz-Carlton Lake Tahoe, Pier House Resort & Spa, and Dorado Beach.
Braemar Hotels & Resorts, Inc. is a real estate investment trust, which engages in investing in luxury hotels and resorts. The company is headquartered in Dallas, Texas. The company went IPO on 2013-11-06. The firm conducts its business and owns all of its assets through its operating partnership, Braemar Hospitality Limited Partnership (Braemar OP). The company operates in the direct hotel investment segment of the hotel lodging industry. The company owns interests in approximately 14 hotel properties in six states, the District of Columbia and St. Thomas, the United States, Virgin Islands with approximately 3,875 total rooms. The firm owns 12 of its hotel properties directly, and the remaining two hotel properties through an investment in a majority-owned consolidated entity. The firm's hotel properties include Marriott Seattle Waterfront, Sofitel Chicago Magnificent Mile, The Ritz-Carlton St. Thomas, The Ritz-Carlton Sarasota, Bardessono Hotel and Spa, The Ritz-Carlton Lake Tahoe, Pier House Resort & Spa, and Dorado Beach.
Resort Strength: Resort properties drove performance, with comparable RevPAR up 5.5% and hotel EBITDA up 58% year-over-year.
Overall Growth: Portfolio comparable RevPAR increased 1.4% and hotel EBITDA grew 15.1% despite renovation-related headwinds.
Asset Sales: Sold Marriott Seattle Waterfront for $145 million and agreed to sell The Clancy in San Francisco for $115 million, furthering portfolio focus on luxury assets and deleveraging.
Balance Sheet: Addressed all 2025 debt maturities, ended quarter with $116.3 million in cash and a net debt to gross assets ratio of 43.2%.
CapEx Commitment: Ongoing renovations at three major hotels; 2025 capital expenditures guided between $75 million and $85 million.
Dividends: Maintained $0.05 per share quarterly dividend, yielding roughly 8%.
Sales Process: Company sale process remains ongoing with no update or deadline provided.
