Financial Data and Key Metrics Changes - The company reported a net loss attributable to common stockholders of $1.4 million, or $0.02 per diluted share, and an AFFO per diluted share of negative $0.24 [16] - Adjusted EBITDAre for the quarter was $18.5 million, with total assets of $2.2 billion and $1.2 billion in loans at a blended average interest rate of 7.6% [16][17] - Comparable RevPAR for the portfolio was $261, with a 1.6% decrease year-over-year, while Comparable Hotel EBITDA was $24.7 million [9][23] Business Line Data and Key Metrics Changes - Urban hotels achieved Comparable RevPAR of $213 and Comparable Hotel EBITDA of $16.4 million, with a 6% growth in RevPAR over the prior year quarter [10][9] - Resort hotels saw a 16.2% increase in RevPAR compared to the same period in 2019, but a slight decline in leisure demand year-over-year [24] - Group revenue increased by 14% year-over-year, with urban assets showing an 8% growth in total hotel revenue and a 4% increase in occupancy [24] Market Data and Key Metrics Changes - The company noted strong demand in corporate revenue, which was up 12% year-on-year, except for San Francisco, which faced challenges [41] - Group rooms revenue for the third quarter was 14% higher than the prior year, with a 40% increase in group pace for the first quarter of 2025 [26][14] - The company reported a 7.5% increase in Comparable RevPAR for October, setting a positive tone for fourth-quarter performance [14] Company Strategy and Development Direction - The company is focused on a Shareholder Value Creation Plan, which includes non-core asset sales, debt repayment, preferred share redemption, and common share buybacks [11] - The recent sale of Hilton La Jolla Torrey Pines for $165 million was part of this strategy, with plans to evaluate additional hotel property sales [12] - The company aims to enhance balance sheet flexibility and has successfully addressed all 2024 debt maturities [11][13] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the continued strength of urban hotels as the primary growth driver for the portfolio [10] - The company anticipates a strong performance in the upcoming quarters, supported by positive group pace and revenue trends [14][37] - Management acknowledged some softening in government-related travel due to election uncertainty but expects a rebound post-election [44] Other Important Information - The company completed several renovations at The Ritz-Carlton Lake Tahoe and other properties, with capital expenditures expected to range between $70 million and $90 million for 2024 [36] - The company has implemented various initiatives to boost productivity, resulting in a 40 basis point improvement in overall productivity [25] - The company has a solid cash position with $168.7 million in cash and cash equivalents and $48.5 million in restricted cash [17] Q&A Session Summary Question: Impact of mixed shifts to more BT demand and strong group outlook - Management noted a historical mix of 25% to 30% group business, with strong group pace increases expected for 2025 [39] Question: Strength of corporate demand post-Labor Day - There was a slight acceleration in corporate demand post-Labor Day, with overall corporate revenue up 12% year-on-year [42] Question: Election impact on overall portfolio demand - Management observed softening in government segments in DC due to election uncertainty but mitigated some impact through strong group pace [43][44] Question: Transaction market volume and pricing - Management indicated positive trends in the transaction market, with firming cap rates and plans to sell additional hotels next year [45][46] Question: Financing market changes - Management noted that spreads have continued to come down, with plenty of debt capital available, although large banks remain less active [47][48] Question: 4Q impact from hurricane damage - The estimated impact from hurricane damage was between $500K to $700K at the affected hotel, but overall portfolio performance remained strong [51]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number: 001-35972 BRAEMAR HOTELS & RESORTS INC. (Exact name of registrant as specified in its charter) | --- | - ...

| --- | --- | --- | --- | |----------|------------------------------------------|----------------------------------------|------------------------------------------| | Contact: | Deric Eubanks | Laken Avonne Rapier | NEWS RELEASE \nJoseph Calabrese | | | Chief Financial Officer (972) 490-9600 | Media Contact LRapier@ashfordinc.com | Financial Relations Board (212) 827-3772 | BRAEMAR HOTELS & RESORTS REPORTS THIRD QUARTER 2024 RESULTS DALLAS – November 6, 2024 – Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Br ...

For the quarter ended September 2024, Braemar Hotels & Resorts (BHR) reported revenue of $148.4 million, down 7.1% over the same period last year. EPS came in at -$0.24, compared to -$0.50 in the year-ago quarter.The reported revenue represents a surprise of -5.95% over the Zacks Consensus Estimate of $157.78 million. With the consensus EPS estimate being -$0.04, the EPS surprise was -500.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they com ...

Braemar Hotels & Resorts (BHR) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $0.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -500%. A quarter ago, it was expected that this hotel owner would post FFO of $0.13 per share when it actually produced FFO of $0.10, delivering a surprise of -23.08%.Over the last four quarters, the company has surpass ...

EXHIBIT 99.1 Contact: Deric Eubanks Laken Avonne Rapier Joseph Calabrese Chief Financial Officer Media Contact Financial Relations Board (972) 490-9600 LRapier@ashfordinc.com (212) 827-3772 NEWS RELEASE BRAEMAR HOTELS & RESORTS REPORTS THIRD QUARTER 2024 RESULTS DALLAS – November 6, 2024 – Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today reported financial results and performance measures for the third quarter ended September 30, 2024. The comparable performance measurements for ...

Brancous’ misleading accusations are not constructive and could negatively impact the Company’s business Blackwells encourages all Braemar shareholders to support the enhanced Board and management team NEW YORK, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital LLC (“Blackwells”), a shareholder of Braemar Hotels & Resorts Inc. (“Braemar” or the “Company”) (NYSE: BHR), today released a letter to its fellow Braemar shareholders: The full text of the letter follows: Dear Fellow Braemar Shareholders, Over th ...

DALLAS, Oct. 7, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") announced today that Jay Shah, a seasoned hospitality and real estate executive, has joined the Board of Directors as a new independent director. "We are excited to welcome Jay to the Braemar Board of Directors," said Monty J. Bennett, Braemar's Chairman. "He brings extensive experience in both the lodging industry and public company matters from his many years of executive leadership positions at Her ...

DALLAS, Oct. 7, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") announced today that its Board of Directors (the "Board") declared a quarterly cash dividend of $0.05 per diluted share for the Company's common stock for the fourth quarter ending December 31, 2024. This dividend, which equates to an annual rate of $0.20 per share, is payable on January 15, 2025, to stockholders of record as of December 31, 2024. The Board declared a quarterly cash dividend for the f ...

DALLAS, Aug. 29, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced details for the release of its results for the third quarter ended September 30, 2024. Braemar plans to issue its earnings release for the third quarter after the market closes on Wednesday, November 6, 2024, and will host a conference call on Thursday, November 7, 2024, at 11:00 a.m. ET. The number to call for this interactive teleconference is (646) 960-0284. A replay of the confere ...