Braemar Hotels & Resorts Inc Stock Price, News & Analysis

Ashford Hospitality Trust (AHT) announced that the SEC has concluded its investigation without recommending any action against the company. Braemar Hotels & Resorts Inc. (BHR) and Ashford Inc. (AINC) also received similar notifications from the SEC. This marks a significant relief for these companies, particularly for AHT, which focuses on investing in upper upscale, full-service hotels. The announcement may positively influence investor sentiment, as regulatory uncertainties have been resolved.

Braemar Hotels & Resorts (NYSE: BHR) announced the conclusion of an SEC investigation without any recommended actions against the company. Both Ashford Hospitality Trust (NYSE: AHT) and Ashford Inc. (NYSE American: AINC) received similar letters confirming the closure of their investigations. This news signifies a positive outcome for all three companies, allowing them to move forward without pending legal concerns.

Braemar Hotels & Resorts Inc. (NYSE: BHR) announced quarterly dividends for its Series B, Series D, and monthly dividends for Series E and Series M Redeemable Preferred Stocks. The Series B dividend is $0.3438 per share, while Series D is $0.5156 per share, both payable on April 15, 2022. The Series E and M dividends are set at a quarterly rate of $0.50 and $0.5125, respectively, with monthly payments scheduled starting February 15, 2022. The company will continue suspending common stock dividends into 2022 to protect liquidity.

Braemar Hotels & Resorts (NYSE: BHR) reported a preliminary portfolio occupancy of 60% for December 2021, with an average daily rate (ADR) of approximately $494, resulting in a RevPAR of about $296. This marks a 189% increase from December 2020 and a 29% increase from December 2019. For Q4 2021, occupancy is expected to be 61%, and RevPAR is projected at $240, reflecting a 163% increase from Q4 2020 and a 7% increase from Q4 2019. The company credits its luxury resorts for this strong performance, achieving the highest quarterly RevPAR in its history.

Braemar Hotels & Resorts (NYSE: BHR) announced its fourth quarter earnings release for the year ending December 31, 2021, scheduled for February 24, 2022, after market close. A conference call will follow on February 25, 2022, at 11:00 a.m. ET. Investors can participate by calling (201) 493-6725, with a replay available until March 4, 2022. The live broadcast and replay will also be accessible on the company's website. Braemar specializes in luxury hotel and resort investments as a real estate investment trust (REIT).

Braemar Hotels & Resorts (NYSE: BHR) announced the acquisition of the Dorado Beach, a Ritz-Carlton Reserve for $186.6 million, comprising $104 million in cash, 6 million shares of common stock, and a $54 million loan. The 96-key ultra-luxury resort is located within a prestigious 1,900-acre community in Puerto Rico, boasting a RevPAR of $1,129. The acquisition is expected to close by February 1, 2022. This strategic move aims to enhance Braemar's portfolio with high RevPAR luxury hotels, anticipating a stabilized yield of approximately 8% over the next three to five years.

Braemar Hotels & Resorts (BHR) reported a portfolio occupancy of 60.8% in November 2021, with an average daily rate (ADR) of approximately $349, resulting in a RevPAR of about $212. This marks a 151% increase from November 2020 and a 3.8% increase from November 2019. Hotel Net Income for November was $1.2 million, with Comparable Hotel EBITDA at $8.3 million, compared to negative $1.7 million in November 2020. The company is experiencing improvements in business transient demand alongside strong leisure demand at resort properties.

Braemar Hotels & Resorts (NYSE: BHR) reported preliminary portfolio occupancy of 62.5% for October, achieving an average daily rate (ADR) of $337 and a revenue per available room (RevPAR) of $211. RevPAR increased by 12% compared to September 2021 but decreased by 13% from October 2019. Hotel net income for October was $2.3 million, with Comparable Hotel EBITDA reaching $9.8 million, up 108% from September 2021. The company's urban properties reported positive Hotel EBITDA amidst improving business transient demand.

Ashford Securities, a subsidiary of Ashford, reports $21.3 million in sales of Series E and Series M Redeemable Preferred Stock for November 2021. The strong performance is attributed to institutional investments totaling around $20 million. Since the offering launch on July 9, 2021, Braemar has raised over $33 million. The company is expanding its syndicate of broker-dealers and RIA firms to enhance capital-raising efforts. The press release also warns of various risks affecting future performance, including COVID-19 impacts and compliance challenges.