Braemar Hotels & Resorts Inc. is a real estate investment trust focused on luxury urban hotels and resort properties with revenue from rooms, food and beverage, and other lodging operations. The company targets high-RevPAR assets across the United States and U.S. territories in the Caribbean and is externally advised by Ashford Hospitality Advisors LLC.
Recurring news for BHR includes quarterly operating results and hotel performance measures such as occupancy, average daily rate, RevPAR, and Hotel EBITDA. Company updates also cover monthly preferred dividends for its Series B, Series D, Series E, and Series M preferred stock, advisory-agreement matters, capital-structure disclosures, shareholder governance activity, and board or officer transition items tied to the externally advised REIT structure.
Braemar Hotels & Resorts (NYSE: BHR) announces the release date for its second-quarter earnings results, set for July 31, 2024, after market close.
A conference call will follow on August 1, 2024, at 11:00 a.m. ET, accessible by dialing (646) 960-0284. A replay will be available until August 8, 2024, by calling (609) 800-9909 and using the confirmation number 2925607.
The live broadcast and a subsequent replay will also be accessible on the company's website, www.bhrreit.com.
Braemar focuses on investing in luxury hotels and resorts.
Braemar Hotels & Resorts (NYSE: BHR) has launched www.ExpelBlackwells.com to counteract misinformation from activist investor Blackwells Capital ahead of the 2024 Annual Meeting on July 30, 2024.
The website aims to provide shareholders with details about Blackwells' misleading campaign and discourage them from supporting Blackwells' nominees.
Monty J. Bennett, Founder & Chairman of Braemar, emphasizes the company's commitment to shareholders' best interests, suggesting Blackwells aims to seize control of the board without paying a premium.
Shareholders are advised to ignore proxy materials from Blackwells, as their nominations do not meet the company's requirements.
Braemar Hotels & Resorts (NYSE: BHR) announced that Blackwells Capital's attempted withhold proxy campaign at Ashford Hospitality Trust failed, with only 7% of outstanding shares voting on the Blackwells proxy card. Ashford Trust confirmed that seven out of nine nominees received a majority vote, and the remaining two were re-appointed by the Board. Braemar reminds shareholders to disregard any proxy materials from Blackwells for the 2024 Annual Meeting on July 30, 2024, as their nominations do not meet the minimum requirements.
Braemar Hotels & Resorts invests in luxury hotels and resorts as a real estate investment trust (REIT).
Braemar Hotels & Resorts Inc. (NYSE: BHR) announced a plan to enhance shareholder value through strategic initiatives, including the sale of Hilton Torrey Pines for $165 million, repayment of 2024 debt maturities, a preferred share redemption program, and a common share buyback authorization. The sale of Hilton La Jolla Torrey Pines at a 7.2% capitalization rate is expected to be completed by August 2024. The company is also evaluating the sale of two more hotels, aiming to improve capital structure and financial flexibility.
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