Braemar Hotels & Resorts Files 8-K
Ticker: BHR-PD · Form: 8-K · Filed: Mar 11, 2024 · CIK: 1574085
Sentiment: neutral
Topics: filing, financials, real-estate
Related Tickers: BHR
TL;DR
BHR filed an 8-K on 3/11/24 for Reg FD and financial exhibits.
AI Summary
Braemar Hotels & Resorts Inc. filed an 8-K on March 11, 2024, to report on a Regulation FD Disclosure and to file Financial Statements and Exhibits. The filing includes information related to their common stock and Series B and Series D preferred stock.
Why It Matters
This filing provides important updates and disclosures regarding Braemar Hotels & Resorts Inc.'s financial status and regulatory compliance.
Risk Assessment
Risk Level: low — This is a routine filing of financial statements and exhibits, not indicating any immediate operational or financial distress.
Key Players & Entities
- Braemar Hotels & Resorts Inc. (company) — Registrant
- March 11, 2024 (date) — Date of Report
- Regulation FD Disclosure (disclosure) — Item Information
- Financial Statements and Exhibits (document) — Item Information
- Maryland (state) — State of Incorporation
- Dallas (city) — Principal Executive Offices City
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report on a Regulation FD Disclosure and to file Financial Statements and Exhibits.
When was this 8-K report filed?
This 8-K report was filed on March 11, 2024.
What type of company is Braemar Hotels & Resorts Inc.?
Braemar Hotels & Resorts Inc. is a Real Estate Investment Trust (REIT).
In which state is Braemar Hotels & Resorts Inc. incorporated?
Braemar Hotels & Resorts Inc. is incorporated in Maryland.
What are the principal executive offices of Braemar Hotels & Resorts Inc.?
The principal executive offices of Braemar Hotels & Resorts Inc. are located at 14185 Dallas Parkway, Suite 1200, Dallas, Texas 75254.
Filing Stats: 548 words · 2 min read · ~2 pages · Grade level 12.3 · Accepted 2024-03-08 17:45:42
Key Financial Figures
- $62 million — orado Beach in Dorado, Puerto Rico. The $62 million non-recourse loan has a two-year term.
Filing Documents
- bhr-20240311.htm (8-K) — 29KB
- bhr2024doradoloanpr.htm (EX-99.1) — 12KB
- braemarlogoa40a.jpg (GRAPHIC) — 113KB
- 0001574085-24-000025.txt ( ) — 369KB
- bhr-20240311.xsd (EX-101.SCH) — 2KB
- bhr-20240311_def.xml (EX-101.DEF) — 16KB
- bhr-20240311_lab.xml (EX-101.LAB) — 28KB
- bhr-20240311_pre.xml (EX-101.PRE) — 17KB
- bhr-20240311_htm.xml (XML) — 5KB
01 REGULATION FD DISCLOSURE
ITEM 7.01 REGULATION FD DISCLOSURE. On March 11, 2024, Braemar Hotels & Resorts Inc. (the "Company") issued a press release announcing that it successfully closed on a property-level mortgage financing for the 96-room Ritz-Carlton Reserve Dorado Beach in Dorado, Puerto Rico. The $62 million non-recourse loan has a two-year term. The loan is interest only and provides for a floating interest rate of SOFR + 4.75%. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information in this Form 8-K and Exhibits attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits Exhibit Number Exhibit Description 99.1 Press Release of the Company, dated March 11, 2024 104 Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BRAEMAR HOTELS & RESORTS INC. Dated: March 11, 2024 By: /s/ Alex Rose Alex Rose Executive Vice President, General Counsel & Secretary