Braemar Hotels & Resorts Files Proxy Statement

Ticker: BHR-PD · Form: DEFA14A · Filed: Jun 13, 2024 · CIK: 1574085

Sentiment: neutral

Topics: proxy-statement, soliciting-material, real-estate

Related Tickers: BHR

TL;DR

Braemar Hotels & Resorts (BHR) filed a proxy statement, shareholders might vote soon.

AI Summary

Braemar Hotels & Resorts Inc. filed a DEFA14A on June 13, 2024, related to soliciting materials under Rule 14a-12. The filing indicates that no fee was required for this submission. The company, formerly known as Ashford Hospitality Prime, Inc., is a Real Estate Investment Trust incorporated in Maryland.

Why It Matters

This filing is a proxy statement, which means shareholders will be asked to vote on certain matters, potentially impacting the company's governance or future operations.

Risk Assessment

Risk Level: low — This is a routine filing for a proxy statement and does not inherently indicate significant new risks.

Key Players & Entities

FAQ

What type of filing is this DEFA14A for Braemar Hotels & Resorts Inc.?

This DEFA14A filing is classified as Soliciting Material under Rule 14a-12, indicating it is used to solicit proxies from shareholders.

When was this filing made?

The filing was made on June 13, 2024.

Was there a filing fee associated with this DEFA14A?

No, the filing explicitly states 'No fee required.'

What was Braemar Hotels & Resorts Inc. formerly known as?

Braemar Hotels & Resorts Inc. was formerly known as Ashford Hospitality Prime, Inc.

What is the primary business of Braemar Hotels & Resorts Inc. according to the filing?

The filing lists Braemar Hotels & Resorts Inc. under the Standard Industrial Classification code 6798, which corresponds to Real Estate Investment Trusts.

Filing Stats: 1,102 words · 4 min read · ~4 pages · Grade level 16 · Accepted 2024-06-13 16:20:21

Filing Documents

Forward-Looking Statements

Forward-Looking Statements Certain statements and assumptions in this communication 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 communication 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," "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 complete the shareholder value creation plan on a timely basis, if at all 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

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