# Braemar Hotels & Resorts Inc. (BHR)

> Cited company facts from SEC filings, by Steadybase. Web page: https://steadybase.io/company/braemar-hotels-and-resorts-inc/ JSON: https://steadybase.io/company/braemar-hotels-and-resorts-inc.json Checked Nov 10, 2026. Latest filing read: Nov 5, 2026.

## Company

- Legal name: Braemar Hotels & Resorts Inc.
- Ticker: BHR, BHR-PB, BHR-PD (NYSE, NYSE, NYSE)
- SEC CIK: 0001574085
- Industry: Real Estate Investment Trusts (SIC 6798)
- Headquarters: Dallas, TX
- Fiscal year ends: December 31
- SEC filer category: Accelerated filer<br>Smaller reporting company
- Website: bhrreit.com
- LinkedIn: https://www.linkedin.com/company/braemar-hotels-resorts
- Next earnings date: Feb 3, 2027 (estimated from past 8-K timing)

## Key facts

- Revenue: $704.0M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 12, 2026). Source: https://www.sec.gov/Archives/edgar/data/1574085/000157408526000038/0001574085-26-000038-index.html
- Operating income: $72.4M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 12, 2026). Source: https://www.sec.gov/Archives/edgar/data/1574085/000157408526000038/0001574085-26-000038-index.html
- Net income: -$22.3M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 12, 2026). Source: https://www.sec.gov/Archives/edgar/data/1574085/000157408526000038/0001574085-26-000038-index.html
- SG&A: $11.8M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 12, 2026). Source: https://www.sec.gov/Archives/edgar/data/1574085/000157408526000038/0001574085-26-000038-index.html
- Shares outstanding: 68,679,318 as of Nov 3, 2026 (10-Q filed Nov 5, 2026). Source: https://www.sec.gov/Archives/edgar/data/1574085/000157408526000170/0001574085-26-000170-index.html
- Auditor: Bdo Usa, P.C., Dallas, Texas, named in the latest 10-K. Source: https://www.sec.gov/Archives/edgar/data/1574085/000157408526000038/bhr-20251231.htm

## Business

We are an externally-advised Maryland corporation formed in 2013 that invests primarily in high revenue per available room (“RevPAR”) luxury hotels and resorts.S. national average RevPAR for all hotels as determined by STR, LLC.S. national average RevPAR was approximately $200 for the year ended December 31, 2025. We have elected to be taxed as a REIT under the Code beginning in the year ended December 31, 2013. We conduct our business and own substantially all of our assets through our operating partnership, Braemar OP.

Source: Item 1. Business, https://www.sec.gov/Archives/edgar/data/1574085/000157408526000038/bhr-20251231.htm

## Annual results

| Fiscal year ended | Revenue | Operating income | Net income | SG&A |
|---|---|---|---|---|
| Dec 31, 2025 | $704.0M | $72.4M | -$22.3M | $11.8M |
| Dec 31, 2024 | $728.4M | $128.8M | -$1.7M | $14.4M |
| Dec 31, 2023 | $739.3M | $61.7M | -$27.0M | $13.5M |
| Dec 31, 2022 | $669.6M | $68.4M | $17.8M | $18.1M |
| Dec 31, 2021 | $427.5M | $1.4M | -$26.7M | $8.7M |

Each figure comes from the annual report for that year. Filing links for every figure: https://steadybase.io/company/braemar-hotels-and-resorts-inc.json

## Officers and directors

- Richard J. Stockton, Braemar’s President and Chief Executive Officer. LinkedIn: https://linkedin.com/in/richard-stockton70. Source: 8-K filed Nov 4, 2026, https://www.sec.gov/Archives/edgar/data/1574085/000157408526000165/bhr2026q3earningsrelease.htm
- Monty J. Bennett, chairman and chief executive officer of Ashford Inc.. Source: 10-K filed Mar 12, 2026, https://www.sec.gov/Archives/edgar/data/1574085/000157408526000038/bhr-20251231.htm
- Deric S. Eubanks, CFO and Treasurer. Source: Form 4 filed Feb 26, 2026, https://www.sec.gov/Archives/edgar/data/1574085/000110465926020764/0001104659-26-020764-index.htm
- Eric Batis, Director. Source: 8-K filed May 28, 2026, https://www.sec.gov/Archives/edgar/data/1574085/000110465926067124/tm2615845d1_8k.htm
- Jim A. Plohg, Exec. VP, GC and Secretary. Source: 3/A filed Jan 14, 2026, https://www.sec.gov/Archives/edgar/data/1574085/000110465926003723/0001104659-26-003723-index.htm
- Alex Rose, Named in proxy. Source: DEF 14A filed Oct 30, 2025, https://www.sec.gov/Archives/edgar/data/1574085/000157408525000111/bhr-20251030.htm
- Bob Ghassemieh, Board member (per proxy). Source: DEF 14A filed Oct 30, 2025, https://www.sec.gov/Archives/edgar/data/1574085/000157408525000111/bhr-20251030.htm
- Candace Evans, Board member (per proxy). Source: DEF 14A filed Oct 30, 2025, https://www.sec.gov/Archives/edgar/data/1574085/000157408525000111/bhr-20251030.htm
- Justin Coe, Named in proxy. Source: DEF 14A filed Oct 30, 2025, https://www.sec.gov/Archives/edgar/data/1574085/000157408525000111/bhr-20251030.htm
- Kellie Sirna, Board member (per proxy). Source: DEF 14A filed Oct 30, 2025, https://www.sec.gov/Archives/edgar/data/1574085/000157408525000111/bhr-20251030.htm
- Matthew D. Rinaldi, Board member (per proxy). Source: DEF 14A filed Oct 30, 2025, https://www.sec.gov/Archives/edgar/data/1574085/000157408525000111/bhr-20251030.htm
- Rebeca Odino-Johnson, Board member (per proxy). Source: DEF 14A filed Oct 30, 2025, https://www.sec.gov/Archives/edgar/data/1574085/000157408525000111/bhr-20251030.htm
- Rebecca Musser, Board member (per proxy). Source: DEF 14A filed Oct 30, 2025, https://www.sec.gov/Archives/edgar/data/1574085/000157408525000111/bhr-20251030.htm
- Stefani D. Carter, Board member (per proxy). Source: DEF 14A filed Oct 30, 2025, https://www.sec.gov/Archives/edgar/data/1574085/000157408525000111/bhr-20251030.htm

## Recent 8-K events

- Nov 5, 2026: Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1574085/000157408526000172/bhr-20261105.htm
- Nov 4, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1574085/000157408526000165/bhr-20261104.htm
- Nov 3, 2026: Item 2.01, Completion of acquisition or disposition of assets; Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1574085/000157408526000162/bhr-20261028.htm
- Nov 3, 2026: Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1574085/000110465926121636/tm2628666d1_8k.htm
- Oct 26, 2026: Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1574085/000110465926118592/tm2628258d1_8k.htm
- Oct 16, 2026: Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1574085/000157408526000157/bhr-20261016.htm
- Oct 13, 2026: Item 7.01, Regulation FD disclosure. Source: https://www.sec.gov/Archives/edgar/data/1574085/000157408526000153/bhr-20261013.htm
- Oct 8, 2026: Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1574085/000157408526000151/bhr-20261008.htm
- Oct 8, 2026: Item 1.01, Entry into a material definitive agreement; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1574085/000110465926114691/tm2627010d1_8k.htm
- Sep 29, 2026: Item 1.01, Entry into a material definitive agreement. Source: https://www.sec.gov/Archives/edgar/data/1574085/000157408526000146/bhr-20260923.htm

## Insider trades (Form 4)

- Aug 27, 2025: Richard J. Stockton (CEO and President) bought 8,002 shares, about $125,733. Source: https://www.sec.gov/Archives/edgar/data/1574085/000110465925084767/0001104659-25-084767-index.htm

## What management said

- "Our luxury portfolio delivered another quarter of double-digit RevPAR and Hotel EBITDA growth. Comparable RevPAR surged 14.4%—our strongest growth since the post-pandemic recovery in 2022 and another near-record result for the quarter—and comparable Hotel EBITDA increased 20.7%" Richard J. Stockton, Braemar’s President and Chief Executive Officer (8-K filed Nov 4, 2026). Source: https://www.sec.gov/Archives/edgar/data/1574085/000157408526000165/bhr2026q3earningsrelease.htm

## Latest filings

- 8-K filed Nov 3, 2026: https://www.sec.gov/Archives/edgar/data/1574085/000157408526000162/bhr-20261028.htm
- 10-K filed Mar 12, 2026: https://www.sec.gov/Archives/edgar/data/1574085/000157408526000038/bhr-20251231.htm
- 10-Q filed Aug 6, 2026: https://www.sec.gov/Archives/edgar/data/1574085/000157408526000130/bhr-20260630.htm
- DEF 14A filed Oct 30, 2025: https://www.sec.gov/Archives/edgar/data/1574085/000157408525000111/bhr-20251030.htm

## About this data

SEC EDGAR filings, read by Steadybase. Every value links to the filing it came from.
Steadybase covers US-headquartered public companies that file with the SEC. API and MCP access: https://steadybase.io/docs/