Braemar Hotels & Resorts Files Proxy Statement

TL;DR

BHR filed proxy docs, shareholders vote soon.

AI Summary

Braemar Hotels & Resorts Inc. (BHR) filed a DEFA14A proxy statement on April 11, 2024. This filing is soliciting material under Rule 14a-12, indicating it's not a preliminary proxy statement but rather definitive additional materials. The company, formerly known as Ashford Hospitality Prime, Inc., is a real estate investment trust incorporated in Maryland.

Why It Matters

This filing provides shareholders with important information regarding company matters, potentially including voting on proposals, executive compensation, or other corporate governance issues that could impact their investment.

Risk Assessment

Risk Level: low — The filing is a standard proxy statement, not indicating any immediate financial distress or unusual corporate activity.

Key Players & Entities

• Braemar Hotels & Resorts Inc. (company) — Registrant
• Ashford Hospitality Prime, Inc. (company) — Former company name
• 14185 DALLAS PARKWAY (address) — Business and mailing address
• DALLAS (location) — City for business and mailing address
• TX (location) — State for business and mailing address
• 75254 (zip_code) — Zip code for business and mailing address
• (972) 490-9600 (phone_number) — Business phone number

FAQ

Key Financial Figures

• $307 — 023, generating RevPAR of approximately $307, compared to the full-service lodging R
• $196 — ging REIT peer average of approximately $196. 1 Since its founding in 2014 through f
• $300 m — debt maturities totaling approximately $300 million, including the recent refinancing
• $49,200 — a hotel EBITDA per key of approximately $49,200 ahead of the peer average of approximat
• $35,700 — ad of the peer average of approximately $35,700. 1 The Company's resort properties cont

Filing Documents

• bhrproxyletter4-8x24.htm (DEFA14A) — 56KB
• braemarlogoa40.jpg (GRAPHIC) — 113KB
• 0001574085-24-000070.txt ( ) — 214KB

Forward-Looking Statements

Forward-Looking Statements Certain statements and assumptions in this press release contain or are based upon "forward-looking" information and are being made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release include, among others, statements about the Company's strategy and future plans. These forward-looking statements are subject to risks and uncertainties. When we use the words "will likely result," "may," 4 "anticipate," "estimate," "should," "expect," "believe," "intend," or similar expressions, we intend to identify forward-looking statements. Such statements are subject to numerous assumptions and uncertainties, many of which are outside Braemar's control. These forward-looking statements are subject to known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated, including, without limitation our ability to prevail in the complaint filed against Blackwells Capital, LLC our ability to repay, refinance or restructure our debt and the debt of certain of our subsidiaries anticipated or expected purchases or sales of assets our projected operating results completion of any pending transactions risks associated with our ability to effectuate our dividend policy, including factors such as operating results and the economic outlook influencing our board's decision whether to pay further dividends at levels previously disclosed or to use available cash to pay dividends our understanding of our competition market trends projected capital expenditures the impact of technology on our operations and business general volatility of the capital markets and the market price of our common stock and preferred stock availability, terms and deployment of capital availability of qualified personnel changes in our industry and the markets in which we operate, interest rates or the general economy and the degree and nature o

View Full Filing

View this DEFA14A filing on SEC EDGAR