Braemar Hotels & Resorts Inc. BHR

What this company does

It invests primarily in high revenue per available room (“RevPAR”) luxury hotels and resorts. As of March 9, 2026, it owned interests in 13 hotel properties in six states, the District of Columbia, Puerto Rico and St. Thomas, U.S. Virgin Islands, with 3,028 total rooms. It is advised by Ashford Hospitality Advisors LLC, a subsidiary of Ashford Inc., through an advisory agreement. It does not operate its hotel properties directly, instead contractually engaging hotel management companies to operate them under management contracts; Remington Hospitality, a subsidiary of Ashford Inc., manages five of its hotel properties, and third-party management companies manage the rest. It has no employees; the advisory services that would otherwise be provided by employees are instead provided by Ashford LLC. As of December 31, 2025, its indebtedness was approximately $1.1 billion, with a weighted average interest rate of 6.65% per annum.

Written from the business description in Braemar Hotels & Resorts Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 12 March 2026. Every sentence was checked against that document before publication.