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. filings document the regulatory record of a Maryland REIT that owns luxury hotel and resort assets and reports as a public company with NYSE-listed common stock and listed Series B and Series D preferred stock. Its Form 8-K filings include operating and financial results, hotel performance metrics, Regulation FD dividend releases, material agreements, and other event disclosures.
The filing record also covers the externally advised structure involving Braemar Hospitality Limited Partnership, Braemar TRS Corporation, Ashford Inc., and Ashford Hospitality Advisors LLC. Disclosures address the advisory agreement, preferred-stock dividend treatment across Series B, Series D, Series E, and Series M securities, liquidation-value reporting for non-traded redeemable preferred stock, governance matters, officer-transition reporting, exhibits, and Inline XBRL cover-page data.
Zazove Associates, LLC, together with Zazove Associates, Inc. and Gene T. Pretti as reporting persons, reports beneficial ownership of 247,866 shares of Braemar Hotels & Resorts Inc. 5.50% Series B Cumulative Convertible Preferred Stock, representing 8.05% of that class. All reported shares are held with shared voting and dispositive power; none are held with sole voting or dispositive power. Zazove Associates, LLC is registered as an investment adviser and has discretionary authority over client accounts that hold these preferred shares, and no single account holds more than 5% of any class of Braemar’s equity securities. Zazove Associates, Inc. and Gene T. Pretti report no current beneficial ownership of this security.
Zazove Associates, LLC, Zazove Associates, Inc., and Gene T. Pretti report beneficial ownership of 5,210,486 shares of Braemar Hotels & Resorts Inc. common stock on this amended Schedule 13G, representing 7.59% of the class as of June 30, 2026.
The Reporting Persons state they have sole voting and dispositive power over these 5,210,486 shares and no shared voting or dispositive power. Zazove Associates, LLC is a registered investment adviser with discretionary authority over client accounts holding the securities, and no single client account holds more than 5% of any class of Braemar’s equity securities.
Braemar Hotels & Resorts Inc. received an updated ownership report for its 5.50% Series B Cumulative Convertible Preferred Stock (CUSIP 10482B200). Virtus InfraCap U.S. Preferred Stock ETF, a series of ETFis Series Trust I, reports beneficial ownership of 674,435 shares, representing 21.90% of this preferred class.
Infrastructure Capital Advisors, LLC and Jay Hatfield are joint filers but each reports 0 shares beneficially owned, with no sole voting or dispositive power. The ETF has shared voting and dispositive power over 674,435 shares, held in client accounts of Infrastructure Capital Advisors, with no other client individually exceeding 5% of the class.
Braemar Hotels & Resorts Inc., a luxury hotel REIT, reported Q2 2026 total hotel revenue of $171.0 million and net income attributable to the company of $6.9 million, helped by a $17.4 million gain on the $176 million sale of Park Hyatt Beaver Creek Resort & Spa.
For the first six months of 2026, hotel revenue was $380.0 million and net income attributable to the company was $24.7 million, while net income attributable to common stockholders was $4.2 million, or $0.06 per share. Operating cash flow was $42.9 million. Investments in hotel properties, net, declined to $1.10 billion, reflecting asset sales and classification of $327.9 million of properties as held for sale. Indebtedness, net, fell to $745.9 million from $1.10 billion at year‑end, including full repayment of 4.50% Convertible Senior Notes. Redeemable preferred stock redemptions payable increased to $54.8 million, mainly from unsettled Series E and Series M preferred redemptions.
Braemar Hotels & Resorts furnished an investor presentation summarizing second‑quarter 2026 performance for its luxury, resort‑weighted lodging REIT portfolio. Comparable hotels generated average daily rate (ADR) of $545 and revenue per available room (RevPAR) of $396, increases of 13.1% and 12.3% versus Q2 2025, while occupancy was 72.6% compared with 73.1% a year earlier. Total hotel revenue was $169,410 (in thousands), up 10.5%, and Hotel EBITDA rose 14.2% to $48,407 (in thousands), lifting the Hotel EBITDA margin to 28.6% from 27.6%.
GAAP net income reached $20,083 (in thousands), a 20.2% year‑over‑year increase. Management reports comparable Total RevPAR of $652, up 10.6%, and adjusted funds from operations (AFFO) of $0.13 per diluted share, 44% above the prior‑year quarter and described as the highest quarterly AFFO per share in five years. The portfolio remains 80% resort and 20% urban, with resort RevPAR up 13.4% year over year versus 10.2% for urban properties. Net debt to gross assets was 43.5% at quarter‑end, capital expenditures were $5.8 million, and approximately $16.3 million of non‑traded preferred stock was redeemed in cash. Scheduled debt maturities include $410.0 (in millions) in 2028 and $386.2 (in millions) in 2029.
Braemar Hotels & Resorts Inc. reported strong operating results for the quarter ended June 30, 2026. Comparable Total RevPAR for all hotels rose 10.6% year over year to $652, and Comparable RevPAR reached $396, up 12.3% and the highest second-quarter RevPAR in the company’s history. Comparable ADR increased 13.1% to $545 while Comparable Occupancy was essentially flat at 72.6%.
Net income was $6.9 million, compared with a $6.8 million loss a year earlier, but after preferred dividends and deemed dividends the result for common stockholders was a modest net loss of $0.7 million, or $0.01 per diluted share. Adjusted FFO available to common stockholders and OP unitholders increased to $9.6 million, or $0.13 per diluted share, from $0.09. Adjusted EBITDAre was $37.8 million, and Comparable Hotel EBITDA rose 14.2% to $48.4 million with margin expansion to 28.6%.
The company continued to reshape its portfolio and balance sheet. During the quarter it closed the sale of the 193-room Park Hyatt Beaver Creek Resort & Spa for $176 million at a 4.6% cap rate and redeemed approximately $16.3 million of non-traded preferred stock. Subsequent to quarter end, it sold the Ritz-Carlton Sarasota, Hotel Yountville and Bardessono Hotel & Spa for $437.5 million in cash and signed a definitive agreement to sell Pier House Resort & Spa for $190.0 million, backed by a $6.0 million non-refundable deposit. As of June 30, 2026, total assets were $1.66 billion, indebtedness was $745.9 million, net debt to gross assets was 43.5%, and all $1.0 billion of loans were effectively floating-rate debt with a blended average interest rate of 6.82%. No common stock dividend was declared for the quarter, while multiple preferred series dividends were approved.
BlackRock, Inc. filed an amended Schedule 13G reporting its beneficial ownership of common stock of Braemar Hotels & Resorts Inc.. BlackRock reports beneficial ownership of 5,196,210 shares of common stock, representing 7.5% of the class.
BlackRock has sole voting power over 5,136,618 shares and sole dispositive power over 5,196,210 shares, with no shared voting or dispositive power. The filing explains that these holdings are aggregated across certain BlackRock business units, and that various underlying persons have rights to dividends or sale proceeds, with no single person exceeding five percent of the total outstanding common shares.
Braemar Hotels & Resorts Inc. announced that its Board of Directors declared cash dividends on multiple preferred stock series for the third quarter of 2026.
The quarterly dividend for the 5.5% Series B Cumulative Convertible Preferred Stock is $0.3438 per share, and for the 8.25% Series D Cumulative Preferred Stock is $0.5156 per share, each payable on October 15, 2026 to stockholders of record as of September 30, 2026.
Monthly cash dividends on the Series E Redeemable Preferred Stock and various Series M Redeemable Preferred Stock CUSIPs, ranging from $0.15625 to $0.18125 per share, will be paid on August 17, September 15 and October 15, 2026 to stockholders of record on July 31, August 31 and September 30, 2026, respectively. As of June 30, 2026, 10,775,131 Series E shares and 1,364,862 Series M shares were outstanding; this is a baseline figure, not the dividend amount.
Al Shams Investments Limited and Wafic Rida Saïd have filed soliciting material indicating their intention to run a proxy solicitation at Braemar Hotels & Resorts Inc. in connection with the Annual Meeting. They plan to file a definitive Schedule 14A proxy statement and distribute a WHITE Universal Proxy Card to Braemar shareholders. The materials will describe matters to be voted on and the Participants’ direct or indirect interests, including security holdings, and will be available without charge on the SEC’s website.
Al Shams Investments LTD and Wafic Rida Said report beneficial ownership of 6,513,000.00 shares of Braemar Hotels & Resorts Inc. common stock, representing 9.55 % of the class. All voting and dispositive power over these shares is reported as shared, with no sole power.
The amendment notes that on July 23, 2026 the reporting persons issued a press release, attached as an exhibit, containing a statement from Wafic Rida Said regarding Braemar’s recent statements about the reporting persons and Mr. Said.