Braemar Hotels & Resorts Inc (N:BHR)

Business Focus: N/A

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Company Contact

Address:	14185 Dallas Parkway, Suite 1100 DALLAS TX 75254
Tel:	N/A
Website:	https://www.bhrreit.com
IR:	See website

Key People

Monty J. Bennett Chairman of the Board	Richard J. Stockton President, Chief Executive Officer, Director	Deric S. Eubanks Chief Financial Officer, Treasurer
Alex Rose Executive Vice President, General Counsel, Secretary	Justin Coe Chief Accounting Officer

Business Overview

Braemar Hotels & Resorts Inc. is a real estate investment trust focused on investing in luxury hotels and resorts. Its business objectives are to generate attractive returns on its invested capital and long-term growth in cash flow to maximize total returns to its stockholders. The Company operates in the direct hotel investment segment of the hotel lodging industry. It owns interests in 16 hotel properties in seven states, the District of Columbia, Puerto Rico and St. Thomas, U.S. Virgin Islands with 4,192 total rooms, or 3,957 net rooms. The hotel properties in its portfolio are predominantly located in the United States urban and resort locations. It also owns 14 of its hotel properties directly, and the remaining two hotel properties through an investment in a majority-owned consolidated joint venture entity. All of the hotel properties in its portfolio are asset-managed by Ashford LLC. The Company's hotel properties include Capital Hilton, The Clancy, The Notary Hotel and others.

Financial Overview

For the three months ended 31 March 2024, Braemar Hotels & Resorts Inc revenues increased 2% to $219.1M. Net income applicable to common stockholders increased 9% to $3.5M. Revenues reflect Other Hotel segment increase of 6% to $27M, Occupancy - % Four seasons resort scotts increase of 21% to 64.6%, Average Daily Room Rate (ADR)-BEVERLY H increase of 6% to $3302.

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