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 fourth quarter ending December 31, 2024, of $0.3438 per diluted share, for the Company's 5.5% Series B Cumulative Convertible Preferred Stock. This dividend is payable on January 15, 2025,

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 conference call will be available through Thursday, November 14, 2024, by dialing (609) 800-9909 and entering the confirmation number, 2925607. The live broadcast of Braemar's quarterly confere

DALLAS, Aug. 7, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced that it has closed on a refinancing involving five hotels.  The new loan totals $407 million and has a two-year initial term with three one-year extension options, subject to the satisfaction of certain conditions, taking the final maturity to 2029.  The loan is interest only and provides for a floating interest rate of SOFR + 3.24%.  As part of this financing, the Company acquired $42.2 million of the most junior tranche of the loan, which lowered its net spread on the $364.8 million remaining loan amount to SOFR + 3.01%.  The loan is secured by five hotels:  Pier House

DALLAS, July 17, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced that it has closed on the previously announced sale of the Hilton La Jolla Torrey Pines for $165 million ($419,000 per key).  Including anticipated capital expenditures of $40 million, the sale price represents a 7.2% capitalization rate on net operating income for the trailing twelve months ended March 31, 2024.  The Company continues to evaluate the sale of two more hotels, subject to market conditions, to be completed in 2024 and 2025, respectively. "We are pleased to announce the closing of the sale of the Hilton La Jolla Torrey Pines at a very attractive cap rate,

DALLAS, July 11, 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 third quarter ending September 30, 2024.  This dividend, which equates to an annual rate of $0.20 per share, is payable on October 15, 2024, to stockholders of record as of September 30, 2024. The Board declared a quarterly cash dividend for the third quarter ending September 30, 2024, of $0.3438 per diluted share, for the Company's 5.5% Series B Cumulative Convertible Preferred Stock. This dividend is payable on October 15, 202

  Blackwells to Withdraw Proxy Solicitation and Vote in Favor of All Braemar Nominees and Proposals Company to Add Independent Director with Input from Blackwells, Which Will Become a Significant Shareholder  DALLAS, July 2, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced that it has entered into a cooperation agreement (the "Cooperation Agreement") with Blackwells Capital LLC ("Blackwells"). Under the terms of the Cooperation Agreement, Blackwells will withdraw its director nomination notice and proposals, cease soliciting proxies and vote in favor of all Braemar directors and proposals at the 2024 Annual Meeting of Stockholders

DALLAS, June 17, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced details for the release of its results for the second quarter ended June 30, 2024. Braemar plans to issue its earnings release for the second quarter after the market closes on Wednesday, July 31, 2024, and will host a conference call on Thursday, August 1, 2024, at 11:00 a.m. ET.  The number to call for this interactive teleconference is (646) 960-0284.  A replay of the conference call will be available through Thursday, August 8, 2024, by dialing (609) 800-9909 and entering the confirmation number, 2925607. The live broadcast of Braemar's quarterly conference call wi

Introduces www.ExpelBlackwells.com to Provide Shareholders the Facts About Blackwells' Misleading and Confusing "Campaign" to Defame Braemar Braemar Remains Committed to Acting in the Best Interests of All Shareholders to Maximize Value Encourages Shareholders to Ignore the Noise and Discard the White Proxy Card DALLAS, June 11, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced the launch of www.ExpelBlackwells.com, in connection with Braemar's 2024 Annual Meeting of Stockholders scheduled to be held on Tuesday, July 30, 2024 (the "2024 Annual Meeting"). The website provides important information regarding "activist" investor Blackwell

DALLAS, May 14, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced that, based on estimated preliminary results, Blackwells Capital LLC's ("Blackwells") withhold proxy campaign at Ashford Hospitality Trust, Inc. ("Ashford Trust") proved to be a failure, as only 7% of Ashford Trust's outstanding shares voted on the Blackwells proxy card.  Ashford Trust announced earlier today that seven of its nine nominees received a majority of the votes cast and the remaining two nominees were re-appointed by the Board after the meeting in accordance with Ashford Trust's corporate governance guidelines. The Company reminds shareholders to disregard a

DALLAS, May 6, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company"), reflecting its commitment to creating long-term value for shareholders, today announced notable capital market activities and strategic updates, including: The sale of Hilton Torrey Pines for $165 million, while evaluating the sale of two other hotels,The repayment of its remaining 2024 debt maturities,A $50 million preferred share redemption program, andA $50 million common share buyback authorizationThe Company announced today that it has signed a definitive agreement to sell the 394-room Hilton La Jolla Torrey Pines located in La Jolla, California for $165 million.  Including antici

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 the past months, Blackwells Capital, in its capacity as an engaged shareholder of Braemar Hotels & Resorts ("Braemar" or the "Company"), exchanged views with the board of directors (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 Hersha.  His executive, operational and finance knowledge will make him a valuable addition to our board." Mr. Shah, age 56, has been a Senior Advisor to Hersha Hotels & Resorts ("Hersha") si

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 fourth quarter ending December 31, 2024, of $0.3438 per diluted share, for the Company's 5.5% Series B Cumulative Convertible Preferred Stock. This dividend is payable on January 15, 2025,

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 conference call will be available through Thursday, November 14, 2024, by dialing (609) 800-9909 and entering the confirmation number, 2925607. The live broadcast of Braemar's quarterly confere

DALLAS, Aug. 7, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced that it has closed on a refinancing involving five hotels.  The new loan totals $407 million and has a two-year initial term with three one-year extension options, subject to the satisfaction of certain conditions, taking the final maturity to 2029.  The loan is interest only and provides for a floating interest rate of SOFR + 3.24%.  As part of this financing, the Company acquired $42.2 million of the most junior tranche of the loan, which lowered its net spread on the $364.8 million remaining loan amount to SOFR + 3.01%.  The loan is secured by five hotels:  Pier House

DALLAS, July 25, 2024 /PRNewswire/ -- Ashford Inc. announced today that Mr. W. Michael Murphy, a member of its Board of Directors, passed away on July 24, 2024.  Mr. Murphy had a distinguished career in the hotel industry and has been a key member of the Company's Board of Directors, serving since August 2018.  Prior to serving on the board of Ashford Inc., Michael served on the board of Braemar Hotels & Resorts (NYSE:BHR) from 2013 to 2015 and he served on the board of Ashford Hospitality Trust (NYSE:AHT) from 2003 to 2013.     "We are very saddened to announce Michael's passing," commented Monty J. Bennett, Ashford Inc.'s Chairman and Chief Executive Officer.  "We will miss him, both as a

DALLAS, July 17, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced that it has closed on the previously announced sale of the Hilton La Jolla Torrey Pines for $165 million ($419,000 per key).  Including anticipated capital expenditures of $40 million, the sale price represents a 7.2% capitalization rate on net operating income for the trailing twelve months ended March 31, 2024.  The Company continues to evaluate the sale of two more hotels, subject to market conditions, to be completed in 2024 and 2025, respectively. "We are pleased to announce the closing of the sale of the Hilton La Jolla Torrey Pines at a very attractive cap rate,

DALLAS, July 11, 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 third quarter ending September 30, 2024.  This dividend, which equates to an annual rate of $0.20 per share, is payable on October 15, 2024, to stockholders of record as of September 30, 2024. The Board declared a quarterly cash dividend for the third quarter ending September 30, 2024, of $0.3438 per diluted share, for the Company's 5.5% Series B Cumulative Convertible Preferred Stock. This dividend is payable on October 15, 202

  Blackwells to Withdraw Proxy Solicitation and Vote in Favor of All Braemar Nominees and Proposals Company to Add Independent Director with Input from Blackwells, Which Will Become a Significant Shareholder  DALLAS, July 2, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced that it has entered into a cooperation agreement (the "Cooperation Agreement") with Blackwells Capital LLC ("Blackwells"). Under the terms of the Cooperation Agreement, Blackwells will withdraw its director nomination notice and proposals, cease soliciting proxies and vote in favor of all Braemar directors and proposals at the 2024 Annual Meeting of Stockholders

Shareholder Campbell Capital Management Speaks Out in Support of Blackwells' Campaign for Change at Braemar Blackwells Urges Shareholders to Vote FOR Blackwells' Nominees and Proposals NEW YORK, June 21, 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 shareholders. The full text of the letter can be found on the following page and at www.NoMoreMonty.com. Jason Aintabi, Chief Investment Officer of Blackwells, said: "Mr. Bennett, under the cover of conflicted and inept boards, has squashed every public company stock that he has ever gotten his hand

B. Riley Securities downgraded Braemar Hotels & Resorts from Buy to Neutral and set a new price target of $3.50 from $7.00 previously

Oppenheimer downgraded Braemar Hotels & Resorts from Outperform to Perform

Oppenheimer initiated coverage of Braemar Hotels & Resorts with a rating of Outperform and set a new price target of $9.00

Deutsche Bank reiterated coverage of Braemar Hotels & Resorts with a rating of Buy and set a new price target of $14.00 from $12.00 previously

B. Riley FBR upgraded Braemar Hotels & Resorts from Neutral to Buy and set a new price target of $8.00 from $6.50 previously

B. Riley reiterated coverage of Braemar Hotels & Resorts with a rating of Neutral and set a new price target of $6.50 from $5.00 previously

Deutsche Bank Aktiengesellschaft reiterated coverage of Braemar Hotels & Resorts with a rating of Buy and set a new price target of $12.00 from $10.00 previously

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 Braemar Hotels & Resorts has closed on the previously announced sale of the Hilton La Jolla Torrey Pines for $165 million ($419,000 per key).  Including anticipated capital expenditures of $40 million, the sale price represents a 7.2% capitalization rate on net operating income for the trailing twelve months ended March 31, 2024.  The Company continues to evaluate the sale of two more hotels, subject to market conditions, to be completed in 2024 and 2025, respectively.

As part of the Cooperation Agreement, Blackwells has committed to purchase 3.5 million shares of Braemar's stock in the open market, financed in part by Braemar.  Braemar will also add an additional independent director to its Board of Directors and will consider Blackwells' input in this selection.

Blackwells Capital LLC, a shareholder of Braemar Hotels & Resorts Inc., today responded to Braemar's attacks on Blackwells' track record as an advocate for public company shareholders.  

Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced that, based on estimated preliminary results, Blackwells Capital LLC's ("Blackwells") withhold proxy campaign at Ashford Hospitality Trust, Inc. ("Ashford Trust") proved to be a failure, as only 7% of Ashford Trust's outstanding shares voted on the Blackwells proxy card.  Ashford Trust announced earlier today that seven of its nine nominees received a majority of the votes cast and the remaining two nominees were re-appointed by the Board after the meeting in accordance with Ashford Trust's corporate governance guidelines.

Braemar Hotels & Resorts (NYSE:BHR) reported quarterly AFFO of $0.42 per share which beat the analyst consensus estimate of $0.33 by 27.27 percent. The company reported quarterly sales of $219.079 million which beat the analyst consensus estimate of $210.685 million by 3.98 percent. This is a 1.75 percent increase over sales of $215.301 million the same period last year.

 Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company"), reflecting its commitment to creating long-term value for shareholders, today announced notable capital market activities and strategic updates, including: The sale of Hilton Torrey Pines for $165 million, while evaluating the sale of two other hotels, The repayment of its remaining 2024 debt maturities, A $50 million preferred share redemption program, and A $50 million common share buyback authorization

B. Riley Securities analyst Bryan Maher maintains Braemar Hotels & Resorts (NYSE:BHR) with a Neutral and lowers the price target from $3 to $2.5.

Braemar Hotels & Resorts (NYSE:BHR) reported quarterly earnings of $0.040 per share which missed the analyst consensus estimate of $0.070 by 42.86 percent. The company reported quarterly sales of $177.534 million which beat the analyst consensus estimate of $175.473 million by 1.17 percent. This is a 3.44 percent increase over sales of $171.622 million the same period last year.

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 the past months, Blackwells Capital, in its capacity as an engaged shareholder of Braemar Hotels & Resorts ("Braemar" or the "Company"), exchanged views with the board of directors (th

DALLAS, June 30, 2021 /PRNewswire/ -- Ashford Inc. (NYSE:AINC) ("Ashford" or the "Company") today announced that Robert Haiman, Executive Vice President, General Counsel and Secretary, will retire on June 30 after a career spanning nearly 17 years at Ashford and Remington.  The Company has appointed Mr. Alex Rose as Executive Vice President, General Counsel and Secretary as his successor effective July 1, 2021.  To ensure a seamless transition, Mr. Haiman will provide support to the Company on a consulting basis for 3 years.  Mr. Rose will also serve as General Counsel for Ashford Hospitality Trust (NYSE:AHT) and Braemar Hotels & Resorts (NYSE:BHR). Jeremy Welter, Ashford's President and Chi

ORLANDO, Fla., June 28, 2021 (GLOBE NEWSWIRE) -- Kalera (Euronext Growth Oslo ticker KAL, Bloomberg: KSLLF), one of the fastest-growing and largest vertical farming companies in the world and a leader in plant science for producing high-quality produce in controlled environments, today announced the proposed appointment of Curtis McWilliams to its Board of Directors. In addition, it is expected that McWilliams will chair Kalera's Audit Committee responsible for oversight of the financial reporting and disclosure process. An executive with deep experience in mergers & acquisitions, real estate, corporate governance as well as financial accounting and analysis, McWilliams brings nearly 40 ye