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Braemar Hotels & Resorts Inc. - $BHR STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Braemar Hotels & Resorts's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Braemar Hotels & Resorts's position in the market.

Rhea-AI Summary
Braemar Hotels & Resorts changes date for Q3 earnings release and conference call
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Braemar Hotels & Resorts declares dividends for the fourth quarter of 2023
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-1.76%
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Braemar Hotels & Resorts changes date and time for third quarter earnings release and conference call
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1.12%
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Braemar Hotels & Resorts sets Q3 earnings release and conference call dates
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2.97%
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Rhea-AI Summary
Braemar Hotels & Resorts Inc. reported financial results for Q2 2023. Comparable RevPAR decreased by 4.2% to $309, Comparable ADR decreased by 5.2% to $436, and Comparable Occupancy increased by 1.0% to 70.9%. Net loss was $(13.0) million or $(0.20) per diluted share. Adjusted funds from operations (AFFO) was $0.20 per diluted share. Adjusted EBITDAre was $46.3 million. Comparable Hotel EBITDA was $53.7 million. The company ended the quarter with $128.0 million in cash and cash equivalents and $63.4 million in restricted cash. Net debt to gross assets was 37.3% at the end of the quarter. Capex invested during the quarter was $17.5 million.
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-6.61%
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Braemar Hotels & Resorts Inc. (NYSE: BHR) announced the rebranding and planned conversion of Mr. C Beverly Hills to the Cameo Beverly Hills. The hotel will join Hilton's LXR Hotels & Resorts after an extensive renovation expected to be completed by the end of 2025. The $25 million renovation will elevate the guest experience with upgrades to amenities and design elements.
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-6.61%
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Rhea-AI Summary
Braemar Hotels & Resorts Inc. has entered into a new $200 million corporate financing. The financing includes a senior secured term loan facility of $150 million and a senior secured revolving credit facility of $50 million. The borrowing capacity can be expanded up to $400 million. The financing is fully prepayable without penalty and the interest rate is based on the Company's Net Debt to EBITDA. The use of proceeds is to repay mortgage debt associated with three hotels.
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-1.89%
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0.76%
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Braemar Hotels & Resorts Inc.

NYSE:BHR

BHR Rankings

BHR Stock Data

174.17M
58.48M
18.33%
58.13%
3.06%
Other Financial Vehicles
Finance and Insurance
Link
United States of America
DALLAS

About BHR

ashford hospitality prime is a conservatively capitalized reit that invests primarily in high revpar, full-service luxury hotels and resorts. we are listed on the new york stock exchange under the symbol ahp and are externally-advised by ashford (nyse mkt: ainc). follow chairman monty bennett on twitter @mbennettashford