Braemar Hotels & Resorts Files 8-K

TL;DR

BHR filed an 8-K on July 11, 2024, with financial disclosures.

AI Summary

On July 11, 2024, Braemar Hotels & Resorts Inc. filed an 8-K report detailing a Regulation FD Disclosure and Financial Statements and Exhibits. The company, formerly known as Ashford Hospitality Prime, Inc., is a real estate investment trust incorporated in Maryland with its principal executive offices in Dallas, Texas.

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 — The filing is a standard 8-K report for disclosures and exhibits, not indicating immediate financial distress or significant new risks.

Key Numbers

• 001-35972 — SEC File Number (Identifies the company's filing with the SEC.)
• 46-2488594 — IRS Employer Identification Number (Company's tax identification number.)

Key Players & Entities

• Braemar Hotels & Resorts Inc. (company) — Registrant
• Ashford Hospitality Prime, Inc. (company) — Former company name
• July 11, 2024 (date) — Date of report
• Maryland (jurisdiction) — State of incorporation
• Dallas, Texas (location) — Principal executive offices

FAQ

Key Financial Figures

• $0.05 — ) declared a quarterly cash dividend of $0.05 per diluted share for the Company's com
• $0.20 — end, which equates to an annual rate of $0.20 per share, is payable on October 15, 20
• $0.3438 — d quarter ending September 30, 2024, of $0.3438 per diluted share, for the Company's 5.
• $0.5156 — d quarter ending September 30, 2024, of $0.5156 per diluted share, for the Company's 8.
• $0.15625 — le Preferred Stock, payable as follows: $0.15625 per share will be paid on August 15, 20
• $0.17708 — ble Preferred Stock payable as follows: $0.17708 per share will be paid on August 15, 20
• $0.17500 — ble Preferred Stock payable as follows: $0.17500 per share will be paid on August 15, 20
• $0.17292 — ble Preferred Stock payable as follows: $0.17292 per share will be paid on August 15, 20

Filing Documents

• bhr-20240711.htm (8-K) — 32KB
• bhr2024q3dividendspr.htm (EX-99.1) — 15KB
• braemarlogoa40a.jpg (GRAPHIC) — 113KB
• 0001574085-24-000175.txt ( ) — 376KB
• bhr-20240711.xsd (EX-101.SCH) — 2KB
• bhr-20240711_def.xml (EX-101.DEF) — 16KB
• bhr-20240711_lab.xml (EX-101.LAB) — 28KB
• bhr-20240711_pre.xml (EX-101.PRE) — 17KB
• bhr-20240711_htm.xml (XML) — 5KB

01 REGULATION FD DISCLOSURE

ITEM 7.01 REGULATION FD DISCLOSURE. On July 11, 2024, Braemar Hotels & Resorts Inc. (the "Company") issued a press release announcing 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, 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 $0.5156 per diluted share, for the Company's 8.25% Series D Cumulative Preferred Stock. This dividend is payable on October 15, 2024, to stockholders of record as of September 30, 2024. The Board declared a monthly cash dividend for all CUSIPs of the Company's Series E Redeemable Preferred Stock, payable as follows: $0.15625 per share will be paid on August 15, 2024, to stockholders of record as of July 31, 2024; $0.15625 per share will be paid on September 16, 2024 to stockholders of record as of August 30, 2024; and $0.15625 per share will be paid on October 15, 2024 to stockholders of record as of September 30, 2024. The Board declared a monthly cash dividend for CUSIP 10482B705 of the Company's Series M Redeemable Preferred Stock payable as follows: $0.17708 per share will be paid on August 15, 2024 to stockholders of record as of July 31, 2024; $0.17708 per share will be paid on September 16, 2024 to stockholders of record as of August 30, 2024; and $0.17708 per share will be paid on October 15, 2024 to stockholders of record as of September 30, 2024. The Board declared a monthly cash dividend for CUSIPs 10482B8

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 July 11, 2024, furnished under Item 7.01, announcing the declaration of dividends 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: July 11, 2024 By: /s/ Alex Rose Alex Rose Executive Vice President, General Counsel & Secretary

View Full Filing

View this 8-K filing on SEC EDGAR