Welcome to our dedicated page for Braemar Hotels & Resorts SEC filings (Ticker: BHR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Braemar Hotels & Resorts Inc. (NYSE: BHR) files a range of documents with the U.S. Securities and Exchange Commission that provide detailed insight into its operations as a lodging-focused real estate investment trust (REIT). This SEC filings page brings together those disclosures, including current reports on Form 8-K, annual reports on Form 10-K, quarterly reports on Form 10-Q, proxy statements, and other materials referenced in the company’s public communications.
For Braemar, Form 8-K filings are particularly important because they document material events affecting the company and its shareholders. Recent 8-Ks describe items such as the completion of the sale of The Clancy hotel in San Francisco, the release of quarterly earnings and related conference call transcripts, changes to the format and logistics of the annual meeting of stockholders, amendments to advisory arrangements with Ashford Inc. and Ashford Hospitality Advisors LLC, and the voting results of the 2025 annual meeting. Other 8-Ks provide information about refinancing transactions, investor presentations, and executive officer changes.
The company’s definitive proxy statement on Schedule 14A, also available through its SEC filings, outlines Braemar’s corporate governance structure, Board composition, executive compensation framework, and the matters submitted to stockholders at the annual meeting. References in Braemar’s press releases to its Form 10-K and Form 10-Q filings indicate that those periodic reports contain additional detail on advisory fee arrangements, portfolio performance metrics, and financial statements.
On Stock Titan, this filings page is designed to help users quickly access Braemar’s regulatory documents and understand their implications. Filings are sourced in real time from the SEC’s EDGAR system. AI-powered summaries can highlight the key points in lengthy documents, such as changes to advisory agreements, descriptions of company sale process terms, or the financial impact of asset sales and refinancings. Users can also review filings related to the company’s capital structure, including the registration of its common stock and preferred stock series on the New York Stock Exchange.
Whether you are looking for Braemar’s most recent 10-K, quarterly 10-Qs, current reports on material events, or proxy materials, this page provides a structured view of the company’s SEC reporting history, with tools to make complex disclosures easier to interpret.
Braemar Hotels & Resorts Inc disclosure: The Vanguard Group filed Amendment No. 1 to report that, following an internal realignment, Vanguard and its reporting subsidiaries no longer report beneficial ownership on an aggregated basis. The filing states amount beneficially owned: 0 shares representing 0% of the class as of 03/13/2026.
The amendment cites SEC Release No. 34-39538 (January 12, 1998) and explains certain subsidiaries will report separately after the realignment.
Braemar Hotels & Resorts Inc. reported that independent valuation firm Robert A. Stanger & Co., Inc. issued an opinion on the liquidation value of the company’s non-traded Series E and Series M Redeemable Preferred Stock as of December 31, 2025. Stanger concluded that each series has an estimated liquidation value of $25.00 per share, matching the per-share liquidation preference set out in the applicable articles supplementary.
To reach this conclusion, Stanger reviewed Braemar’s equity value using several approaches, including common stock market capitalization and analyst target prices adjusted for preferred securities, direct capitalization of net operating income, and third-party real estate appraisals. Across these methods, the company’s equity value was found to cover the total liquidation preference of all outstanding preferred securities. Braemar also highlighted that this estimate is unaudited, based on various assumptions, is not a GAAP fair value measure, and could change with future portfolio or market developments.
Braemar Hotels & Resorts Inc. disclosed that its Board declared monthly preferred dividends for March 2026 across all its preferred stock series. The 5.5% Series B Cumulative Convertible Preferred Stock will receive a cash dividend of $0.1146 per diluted share, with three months of dividends totaling $0.3438 to be paid on April 15, 2026 to stockholders of record as of March 30, 2026.
The 8.25% Series D Cumulative Preferred Stock will receive $0.17186 per diluted share, with three months totaling $0.5156, payable on April 15, 2026 to holders of record on March 31, 2026. The Series E Redeemable Preferred Stock will receive $0.15625 per share, and Series M Redeemable Preferred Stock dividends will range from $0.17708 to $0.17917 per share depending on CUSIP, all payable on April 15, 2026 to stockholders of record as of March 31, 2026. As of February 28, 2026, 11,528,242 Series E shares and 1,382,407 Series M shares were issued and outstanding.
Braemar Hotels & Resorts Inc. entered into a Limited Waiver under its Advisory Agreement on March 13, 2026. This waiver lets the company, at its own cost and discretion, grant cash incentive compensation during the first and second fiscal quarters of 2026 to employees and representatives of its external advisor, Ashford Hospitality Advisors and Ashford Inc., without being constrained by certain limits in the existing Advisory Agreement.
The company also adopted two Forms of 2026 Deferred Cash Award, which will govern how specific cash-based incentive awards are structured and paid. These changes focus on compensation arrangements and do not alter the underlying advisory relationship or corporate structure.
Braemar Hotels & Resorts Inc. is an externally advised REIT that invests in luxury hotels and resorts with revenue per available room (RevPAR) targeted at least twice the U.S. hotel average, focusing on high-end urban and resort markets in the U.S. and its territories.
As of March 9, 2026, Braemar owned interests in 13 properties with 3,028 rooms across six states, the District of Columbia, Puerto Rico and St. Thomas, operated under brands such as Four Seasons, Ritz-Carlton, Park Hyatt, Sofitel, Marriott’s Autograph Collection, Hilton and LXR, plus Remington-managed independents.
The portfolio generated a 2025 weighted-average ADR of about $410 and RevPAR of $276.21, with notable strength at Ritz-Carlton Reserve Dorado Beach and Four Seasons Scottsdale, while several California assets and Sofitel Chicago reported net losses despite positive Hotel EBITDA.
The company is highly service-dependent on affiliates of Ashford Inc.—Ashford Hospitality Advisors (advisor and asset manager), Remington Hospitality (hotel management) and Premier (design and construction)—under long-term advisory, management, franchise and license agreements that include base and incentive fees and extensive expense reimbursements.
As of December 31, 2025, Braemar carried about $1.1 billion of debt at a 6.65% weighted-average interest rate, mostly variable-rate SOFR-based, and targets net debt of 35% of gross assets while recycling capital through selective dispositions, renovations and potential share repurchases.
Al Shams Investments Limited and Wafic Rida Said have filed Amendment No. 5 to a Schedule 13D on Braemar Hotels & Resorts Inc., reporting beneficial ownership of 6,513,000 common shares, or 9.55% of the outstanding stock as of November 5, 2025. All shares are held directly by Al Shams Investments, which is wholly owned by Mr. Said, with an aggregate purchase price of $50,732,539. The investors state they view Braemar’s hotel portfolio as attractive and believe the stock is undervalued, and they are engaging with management ahead of the December 17, 2024 annual meeting about ways to enhance shareholder value. They reference a series of emails and letters from 2024 and a March 6, 2026 letter raising governance and oversight concerns, indicating they may seek board representation, potential changes to management arrangements, a waiver of ownership limits, and could consider a proxy contest or legal avenues if they believe shareholder interests are not adequately protected.
Braemar Hotels & Resorts Inc. reports that Deric Eubanks, Chief Financial Officer of the company and related Ashford entities, will terminate employment effective March 31, 2026. Justin Coe, currently Chief Accounting Officer and principal accounting officer, will become the company’s principal financial officer on that date.
Under a Release and Waiver with Ashford Hospitality Advisors, Mr. Eubanks will receive $1,796,000 in 12 monthly installments starting in April 2026, remain eligible for a 2025 cash incentive bonus, and have deferred cash grants totaling $3,316,223 continue to vest. In return, he will provide up to 40 consulting hours per month while those grants vest and receive an additional $200,000 for part‑time transition work through June 30, 2026, while reaffirming non‑competition, non‑solicitation, standstill and non‑disparagement obligations.
Braemar Hotels & Resorts Inc. furnished an investor presentation updating performance through the fourth quarter of 2025. Since its 2013 inception, total assets have grown from $962M to $1.862B, while Hotel EBITDA increased from $78M to $164M and total hotel revenue from $233M to $649M, with the portfolio expanding from 8 to 13 hotels.
For Q4 2025, comparable hotels generated average daily rate of $559, up 5.4% year over year, with occupancy of 60.8%, down versus the prior year, resulting in flat RevPAR of $340. Total hotel revenue was $162.4M, up 1.8%, and comparable Hotel EBITDA was $38.0M, down roughly 1%, with margin at 23.4%.
Resort properties remained the growth engine, with Q4 2025 RevPAR up 4.1% year over year and 37.2% above Q4 2019, while urban RevPAR declined. For the quarter, adjusted funds from operations were $(0.02) per diluted share. Net debt to gross assets was 46.7%, the company invested $23.4M of capex in the quarter and $78M in 2025, and it redeemed about $17.7M of non-traded preferred stock in cash.