Braemar Hotels & Resorts Files Definitive Proxy Materials

Ticker: BHR-PD · Form: DEFA14A · Filed: Jun 25, 2024 · CIK: 1574085

Sentiment: neutral

Topics: proxy-statement, filing-update, REIT

Related Tickers: BHR

TL;DR

BHR filed proxy docs, nothing major revealed yet, stay tuned.

AI Summary

Braemar Hotels & Resorts Inc. (BHR) filed a DEFA14A, indicating it is providing definitive additional materials related to its proxy statement. The filing concerns the company's proxy solicitation efforts, with no specific proposals or financial figures detailed in this excerpt. The company, formerly known as Ashford Hospitality Prime, Inc., is a real estate investment trust based in Dallas, Texas.

Why It Matters

This filing is a procedural step in Braemar Hotels & Resorts' shareholder communication, essential for upcoming shareholder votes or decisions.

Risk Assessment

Risk Level: low — This filing is a standard proxy statement amendment and does not contain new financial information or strategic changes that would immediately impact risk.

Key Players & Entities

FAQ

What is the purpose of this DEFA14A filing?

This DEFA14A filing serves as Definitive Additional Materials, indicating Braemar Hotels & Resorts Inc. is providing further information related to its proxy statement to shareholders.

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

Braemar Hotels & Resorts Inc. was formerly known as Ashford Hospitality Prime, Inc., with a name change effective April 10, 2013.

What is the business address of Braemar Hotels & Resorts Inc.?

The business address for Braemar Hotels & Resorts Inc. is 14185 Dallas Parkway, Suite 1100, Dallas, TX 75254.

What is the Standard Industrial Classification (SIC) code for Braemar Hotels & Resorts Inc.?

The SIC code for Braemar Hotels & Resorts Inc. is 6798, which corresponds to Real Estate Investment Trusts.

Is a filing fee required for this DEFA14A?

According to the filing, no fee is required for this DEFA14A filing.

Filing Stats: 1,071 words · 4 min read · ~4 pages · Grade level 15.3 · Accepted 2024-06-25 16:09:23

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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