Earnings summaries and quarterly performance for Braemar Hotels & Resorts.
Executive leadership at Braemar Hotels & Resorts.
Board of directors at Braemar Hotels & Resorts.
Research analysts who have asked questions during Braemar Hotels & Resorts earnings calls.
Recent press releases and 8-K filings for BHR.
Braemar Hotels & Resorts Announces Sale of The Clancy
BHR
M&A
- Braemar Hotels & Resorts Inc. (BHR) has completed the sale of The Clancy hotel in San Francisco for $115 million, or $280,487 per key.
- The sale was executed at a 5.2% capitalization rate on net operating income for the trailing 12 months ended September 30, 2025.
- In conjunction with the sale, Braemar paid down approximately $64.7 million of debt and retained approximately $43.7 million of net proceeds after transfer taxes and transaction costs.
- For the 12 months ended September 30, 2025, The Clancy generated $6.0 million in Hotel Net Operating Income and $8.0 million in Hotel EBITDA.
Nov 7, 2025, 1:00 PM
Braemar Hotels & Resorts Announces Sale of The Clancy
BHR
M&A
- Braemar Hotels & Resorts Inc. (BHR) closed the sale of The Clancy in San Francisco for $115 million on November 6, 2025.
- The sale price represents $280,487 per key and a 5.2% capitalization rate on net operating income for the trailing 12 months ended September 30, 2025.
- In conjunction with the sale, the company paid down approximately $64.7 million of debt and retained approximately $43.7 million of net proceeds after payment of transfer taxes and transaction costs.
- Richard Stockton, President and CEO, stated that this strategic move "sharpened the portfolio and strengthened the capital position".
Nov 7, 2025, 12:06 AM
Braemar Hotels & Resorts Reports Q3 2025 Results and Provides Update on Strategic Initiatives
BHR
Earnings
M&A
New Projects/Investments
- Braemar Hotels & Resorts reported 1.4% growth in comparable RevPAR and a 15.1% increase in total comparable hotel EBITDA for Q3 2025, with its resort portfolio delivering a 5.5% increase in comparable RevPAR.
- The company initiated a sale process for Braemar in August 2025 and is strategically refining its portfolio through divestitures, including the sale of the Marriott Seattle Waterfront for $145 million and the planned sale of The Clancy for $115 million.
- For Q3 2025, BHR reported a net loss attributable to common stockholders of $8.2 million or $0.12 per diluted share and negative $0.19 AFFO per diluted share, while maintaining $116.3 million in cash and cash equivalents as of September 30, 2025.
- BHR has addressed its final 2025 debt maturity, refinanced a key mortgage loan, and redeemed approximately $125 million of non-traded preferred stock, and anticipates spending between $75 million and $85 million on capital expenditures for 2025.
Nov 5, 2025, 5:00 PM
Braemar Hotels & Resorts Inc. Reports Q3 2025 Results and Initiates Sale Process
BHR
Earnings
M&A
- For the third quarter ended September 30, 2025, Braemar Hotels & Resorts Inc. reported a net loss attributable to common stockholders of $(8.2) million, or $(0.12) per diluted share, and Adjusted funds from operations (AFFO) of $(0.19) per diluted share.
- Comparable RevPAR for all hotels increased 1.4% to $257, and Comparable Hotel EBITDA increased 15.1% to $21.4 million over the prior year quarter.
- The company announced it is initiating a process for the sale of the Company.
- During the quarter, the company closed on the sale of the Marriott Seattle Waterfront for $145 million, and subsequent to quarter end, entered into a definitive agreement to sell The Clancy for $115 million.
Nov 4, 2025, 9:14 PM
Braemar Hotels & Resorts Announces Agreement to Sell The Clancy
BHR
M&A
New Projects/Investments
- Braemar Hotels & Resorts Inc. has entered into a definitive agreement to sell The Clancy, a 410-room hotel in San Francisco.
- The sale price for The Clancy is $115 million, which represents $280,487 per key.
- The transaction is expected to close in November 2025, subject to customary conditions.
- The sale price reflects a 5.0% capitalization rate on net operating income for the trailing 12 months ended August 2025.
- This divestiture is part of the company's strategy to refine its portfolio and maximize shareholder value.
Oct 7, 2025, 9:00 PM
Braemar Appoints New Director to Board
BHR
Board Change
Proxy Vote Outcomes
- Braemar Hotels & Resorts Inc. appointed Babak Ghassemieh to its Board of Directors on August 25, 2025, as part of a cooperation agreement with the Ghassemieh Group.
- The Ghassemieh Group, which beneficially owns approximately 7.3% of the Company's outstanding common stock, agreed to withdraw its previous director nominations.
- Under the agreement, Braemar will nominate Mr. Ghassemieh for election at the 2025 and 2026 annual stockholder meetings.
- Mr. Ghassemieh's board service is contingent on the Ghassemieh Group maintaining a Minimum Ownership Threshold of at least the lesser of 3% of outstanding common stock or 2,046,583 shares.
- The Ghassemieh Group also agreed to certain standstill restrictions and voting commitments.
Aug 26, 2025, 12:00 AM
Quarterly earnings call transcripts for Braemar Hotels & Resorts.
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