BHR

Braemar Hotels & Resorts Inc. is a real estate investment trust that invests in high-revenue-per-available-room luxury hotels and resorts in gateway and resort markets. The company owns and operates premium hospitality properties including iconic hotels in key leisure and business travel destinations across the United States. Braemar's portfolio includes properties operating under well-known brand affiliations such as Marriott, Hilton, and independent luxury hotels. The REIT focuses on assets in supply-constrained markets with strong demand fundamentals and barriers to new hotel development. Based in Dallas, Texas, Braemar generates revenues from room sales, food and beverage operations, meeting and event spaces, and other hotel services. The company was significantly impacted by COVID-19 travel disruptions, experiencing dramatic revenue declines and liquidity challenges. Braemar has worked to restructure debt, improve operations, and capitalize on travel recovery. The REIT faces continued challenges from high leverage, capital intensity of luxury hotel operations, and potential economic sensitivity. Braemar continues to focus on revenue optimization, operational efficiency, and capital structure improvement.