{"filings":[{"id":3411679,"accession_number":"0001574085-26-000153","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-10-13T10:15:54+00:00","items":["7.01"],"status":"ready","headline":"Braemar posts TTM Hotel EBITDA $90.4M on $385.2M revenue; Cameo Beverly Hills at -$3.9M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Trailing twelve months ended August 31, 2026: portfolio RevPAR $334, revenue $385.2M, Hotel EBITDA $90.4M, Hotel EBITDA margin 23.5%.","Ritz-Carlton Reserve Dorado Beach leads the portfolio: RevPAR $1,747, revenue $101.5M, Hotel EBITDA $28.1M (27.7% margin).","Cameo Beverly Hills, LXR Hotels & Resorts showed Hotel EBITDA of negative $3.9M on $11.4M revenue (-34.4% margin) after its 2025 renovation and January 2026 brand conversion.","Weakest margin besides Cameo: Ritz-Carlton Lake Tahoe at 14.6% ($8.0M EBITDA on $55.0M); highest: The Notary Hotel, Autograph Collection at 33.8%.","Figures are preliminary and unaudited; no GAAP reconciliation is provided for the August 31, 2026 period, which the company says will come with Q3 2026 results."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":3346196,"accession_number":"0001574085-26-000151","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-10-08T20:08:32+00:00","items":["7.01","9.01"],"status":"ready","headline":"Braemar to sell Four Seasons Scottsdale for $372M, become self-managed REIT, sets 2027 guidance","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Braemar agreed to sell Four Seasons Resort Scottsdale for $372M ($1.8M/key); $10M non-refundable deposit; expected close Oct 22, 2026, 6.2% cap rate on TTM Aug 2026 NOI.","Company expects to complete separation from Ashford and become self-managed by mid-November; annual corporate G&A expected to fall from ~$42M to ~$15M, over $25M savings.","2027 guidance: RevPAR growth +4.5% to +6.5%; comparable hotel EBITDA margin 24.5%-25.4%; Adjusted EBITDAre $85M-$90M; Adjusted FFO per diluted share $0.25-$0.31.","Next-twelve-months revenue pace as of Sept 2026 up ~25% YoY, led by ~27% ADR increase; pro forma Sept 2026 net debt/gross assets expected to fall from ~50% to ~36%.","Cooperation agreement with largest shareholder Al Shams withdraws director nominations and settles all outstanding legal disputes; 2026 Annual Meeting set for Dec 21, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.87,"calibrated_materiality_score":0.87,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":3345916,"accession_number":"0001104659-26-114691","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-10-08T20:01:32+00:00","items":["1.01","5.02","5.07","8.01","9.01"],"status":"ready","headline":"Braemar enters $40M settlement with Al Shams; expects $4M-$6M net cost after insurance and Ashford split","summary_kind":"llm","event_type":"litigation","confidence":"high","bullets":["Braemar agreed to pay Al Shams $25M plus $15M expenses, in installments of $20M on Oct. 6, 2026, then $10M after four months and $10M after eight months.","Braemar expects total contribution of $4M-$6M after insurance proceeds and Ashford allocation; Braemar and Ashford each bear 50% of payments net of insurance.","Al Shams withdrew its director nomination notice and Rule 202 petition, agreed to standstill and voting commitments, and can consult on one additional board seat during Braemar's board refresh.","Settlement resolves Al Shams claims including securities-law, defamation/libel, derivative and Rule 202-related disputes; includes mutual releases and non-disparagement.","Braemar may settle up to $4M of remaining installments in common stock based on 30-day VWAP if it lacks sufficient funds, subject to NYSE rules and 9.8% ownership limit."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":3153116,"accession_number":"0001574085-26-000146","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-09-29T20:04:25+00:00","items":["1.01"],"status":"ready","headline":"Braemar to sell Four Seasons Resort Scottsdale at Troon North for $372M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["BHR Scottsdale LP, BHR Scottsdale Storage LLC and BHR TRS Scottsdale LLC signed an Agreement of Purchase and Sale on September 23, 2026 with Evergreen Acquisitions, LLC.","Purchase price is $372 million for the Four Seasons Resort Scottsdale at Troon North, subject to customary prorations and adjustments.","A $10 million deposit from Purchaser became non-refundable as of the September 23, 2026 Effective Date.","Evergreen Acquisitions, LLC is a Delaware limited liability company unaffiliated with Braemar.","Several closing conditions remain; the Company says there is no assurance the sale closes on the described terms, timeline, or at all."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":3045596,"accession_number":"0001574085-26-000141","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-09-23T20:21:52+00:00","items":["8.01"],"status":"ready","headline":"Braemar Hotels postpones 2026 annual meeting to Dec 21 from Nov 13","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Annual meeting originally scheduled for Nov 13, 2026 now set for Dec 21, 2026.","Postponement announced in 8-K filed under Item 8.01 on Sep 23, 2026.","No reason for postponement disclosed in the filing; record date not specified."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":2685406,"accession_number":"0001574085-26-000138","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-09-04T20:05:23+00:00","items":["5.08"],"status":"ready","headline":"Braemar Hotels sets 2026 annual meeting for Nov 13; record date Sept 30","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["2026 Annual Meeting scheduled for November 13, 2026; record date set as September 30, 2026.","Shareholder director nominations on Schedule 14N must be submitted by September 14, 2026.","Board made the determination on September 3, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":2300878,"accession_number":"0001574085-26-000132","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-08-17T20:16:41+00:00","items":["2.01","9.01"],"status":"ready","headline":"Braemar sells Pier House Resort & Spa for $190M cash; repays $93.7M mortgage","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Sold 142-room Pier House Resort & Spa in Key West for $190M cash ($1.3M per key) on Aug 12, 2026.","Net proceeds ~$187.5M after selling expenses; repaid ~$93.7M mortgage partially secured by property.","Sale price implies 7.3% cap rate on TTM NOI through June 30, 2026, including $11.8M planned capex.","Pro forma: 2025 net income attributable to common stockholders swings from -$72.7M to +$24.1M; H1 2026 from +$4.2M to -$1.5M.","Pro forma gain on disposition ~$108.6M for 2025; preliminary."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":2081157,"accession_number":"0001574085-26-000125","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-08-05T21:10:32+00:00","items":["7.01","9.01"],"status":"ready","headline":"Braemar Hotels & Resorts releases Q2 2026 investor presentation","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Investor presentation for second quarter 2026 earnings update furnished as Exhibit 99.1.","Presentation released on August 5, 2026; no specific financial figures provided in filing text.","Tickers: BHR (common), BHR-PB (Series B preferred), BHR-PD (Series D preferred)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":2079397,"accession_number":"0001574085-26-000123","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-08-05T20:21:16+00:00","items":["2.02","9.01"],"status":"ready","headline":"Braemar Hotels & Resorts reports Q2 2026 results; no specifics in filing","summary_kind":"llm","event_type":"earnings","confidence":"low","bullets":["Q2 2026 earnings announced on August 5, 2026.","No revenue, EPS, or segment data provided in this filing.","Investors should review the full press release for details.","Tickers: BHR, BHR-PB, BHR-PD."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1858959,"accession_number":"0001574085-26-000119","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-07-24T21:01:58+00:00","items":["7.01","9.01"],"status":"ready","headline":"Braemar Hotels & Resorts declares Q3 2026 dividends on preferred stock series","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Series B: $0.3438 per share, payable Oct 15, record Sep 30.","Series D: $0.5156 per share, payable Oct 15, record Sep 30.","Series E: $0.15625 per share monthly (Aug 17, Sep 15, Oct 15).","Series M: $0.18125/$0.17917/$0.17708 per share monthly per CUSIP.","10,775,131 Series E and 1,364,862 Series M shares outstanding as of Jun 30."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1700403,"accession_number":"0001574085-26-000116","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-07-17T00:00:11+00:00","items":["1.01","2.01","9.01"],"status":"ready","headline":"Braemar Hotels completes $437.5M sale of three properties; signs $190M deal for Pier House Resort","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Completed sale of Ritz-Carlton Sarasota, Hotel Yountville, and Bardessono Hotel for $437.5M cash (net $432.7M after costs).","Repaid ~$232.8M mortgage loan partially secured by the three sold properties.","Entered agreement to sell Pier House Resort & Spa in Key West for $190M cash, subject to customary conditions.","Pro forma shows net income attributable to common stockholders of $96.7M for FY2025 vs historical loss of $72.7M, reflecting gain on sale."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1333157,"accession_number":"0001574085-26-000108","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-06-29T20:07:01+00:00","items":["7.01","9.01"],"status":"ready","headline":"Braemar Hotels extends $43.4M Ritz-Carlton Lake Tahoe loan maturity to Oct 2026","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Extended $43.4M mortgage loan on 170-room Ritz-Carlton Lake Tahoe from July 15, 2026 to Oct 15, 2026.","Loan priced at SOFR + 325 bps; Company has option for an additional 3-month extension on same terms.","CEO: Extension addresses only remaining 2026 maturity; after refinancing, no other final maturities until 2028.","Company expressed optimism about debt financing markets potentially improving terms."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1195077,"accession_number":"0001574085-26-000105","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-06-22T20:13:00+00:00","items":["7.01","9.01"],"status":"ready","headline":"Braemar declares June 2026 preferred dividends; payment July 15","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Series B: $0.1146/sh; Series D: $0.17186/sh; pays July 15 to holders of record June 30.","Series E: $0.15625/sh; Series M: $0.17917/sh (CUSIPs 10482B705, 887, 796, 861) & $0.17708/sh (others).","As of May 29, 2026, 10,905,043 Series E shares and 1,367,795 Series M shares outstanding.","Dividends are partial for Series B and D (combined with prior months); monthly for Series E and M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1008836,"accession_number":"0001574085-26-000100","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-06-12T10:05:51+00:00","items":["7.01","9.01"],"status":"ready","headline":"Braemar Hotels to become self-managed REIT, cuts Ashford ties, reconstitutes board","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Terminates advisory agreement with Ashford; expects >$25M annual G&A savings.","Portfolio of 6-8 luxury assets with $1B+ gross asset value, $300-350M annual revenue.","Board refresh: five new independent directors; existing directors step down; CEO Stockton remains.","Will sell additional 2-3 assets to satisfy termination fees; remains publicly traded.","Strategic review concluded self-management creates superior value vs. sale."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":975437,"accession_number":"0001574085-26-000098","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-06-10T21:29:58+00:00","items":["1.01"],"status":"ready","headline":"Braemar Hotels & Resorts sells 3 properties for $437.5M cash; Ritz-Carlton Sarasota included","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Sale includes The Ritz-Carlton Sarasota, Hotel Yountville, and Bardessono Hotel and Spa.","Total cash purchase price of $437.5 million, subject to customary prorations.","Closing expected in 20–35 days, subject to customary conditions; no guarantee of completion.","Agreement contains standard representations, warranties, and indemnities for this type of transaction."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":778077,"accession_number":"0001574085-26-000093","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-06-01T20:11:33+00:00","items":["2.01","7.01","8.01","9.01"],"status":"ready","headline":"Braemar completes sale of Park Hyatt Beaver Creek for $176M; repays $86.25M convertible notes","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Sold Park Hyatt Beaver Creek for $176M ($912k/key), 4.6% cap rate; net proceeds ~$104.5M after repaying $70.5M mortgage and costs.","Used proceeds to repay $86.25M of 4.50% Convertible Senior Notes due 2026 at maturity.","Sale and other recent sales not triggering change of control under advisory agreement with Ashford Inc.","Property acquired in 2017 for $145.5M; CEO cites 'fantastic outcome' and strategic alternatives process ongoing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":704318,"accession_number":"0001104659-26-067124","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-05-28T01:31:48+00:00","items":["5.02"],"status":"ready","headline":"Braemar Hotels & Resorts names Eric Batis to board; Carter, Musser resign","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Eric Batis, COO of Ashford Inc., appointed to board effective May 21, 2026.","Batis not assigned to any committee; no additional compensation for board role.","Stefani Danielle Carter and Rebecca Musser resigned from board on May 21, 2026, not due to disagreement.","Batis has no material interest in any reportable transaction with the company."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":610119,"accession_number":"0001574085-26-000087","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-05-22T20:24:38+00:00","items":["1.01","9.01"],"status":"ready","headline":"Braemar extends fee renegotiation deadline with advisor Ashford Inc. to Dec 31, 2026","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Amendment No. 3 extends negotiation period for revised Base Fee or Incentive Fee through Dec 31, 2026.","Parties agree to postpone arbitration of fee disputes until after Jan 1, 2027.","No other terms of the Fifth Amended and Restated Advisory Agreement changed.","Independent directors of both boards approved the amendment."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":582077,"accession_number":"0001574085-26-000086","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-05-21T20:12:55+00:00","items":["7.01","9.01"],"status":"ready","headline":"Braemar Hotels & Resorts declares monthly preferred dividends for May 2026","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Series B: $0.1146/diluted share payable July 15, 2026 to holders of record June 30, 2026.","Series D: $0.17187/diluted share payable July 15, 2026 to holders of record June 30, 2026.","Series E: $0.15625/share paid June 15, 2026 to holders of record May 29, 2026 (11.1M shares o/s)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":40523,"accession_number":"0001574085-26-000081","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-05-12T20:12:28+00:00","items":["7.01","9.01"],"status":"ready","headline":"Braemar Hotels & Resorts releases Q1 2026 investor presentation; no detailed figures in filing 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filing."],"consensus_eps_estimate":null,"consensus_eps_actual":0.07,"consensus_revenue_estimate":null,"consensus_revenue_actual":208983000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":93779,"accession_number":"0001574085-26-000073","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-05-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Braemar Hotels & Resorts reports Q1 2026 results; no details in filing text","summary_kind":"llm","event_type":"earnings","confidence":"low","bullets":["On May 6, 2026, Braemar Hotels & Resorts issued a press release announcing Q1 2026 financial results.","The exhibit containing the press release was not provided in the filing text.","No specific financial figures or operational metrics are available from the submitted information."],"consensus_eps_estimate":null,"consensus_eps_actual":0.07,"consensus_revenue_estimate":null,"consensus_revenue_actual":208983000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":93778,"accession_number":"0001574085-26-000068","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-04-30T23:59:59+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"Braemar Hotels agrees to sell Park Hyatt Beaver Creek for $176M ($912K/key)","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Sale price of $176M represents a 5.1% cap rate on trailing 12-month NOI.","Non-refundable earnest money deposit of $6.5M received; closing expected in May 2026.","Net proceeds to redeem outstanding 4.50% Convertible Senior Notes due June 2026.","CEO cites premium valuation as milestone in strategic review and sales process."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":93777,"accession_number":"0001574085-26-000059","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-04-23T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Braemar Hotels & Resorts declares April 2026 monthly preferred dividends for Series B, D, E, and M preferred stocks","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Series B (5.5% cumulative convertible): $0.1146 per share, payable July 15, 2026 to holders of record June 30, 2026 (monthly portion of quarterly dividend).","Series D (8.25% cumulative): $0.17187 per share, same pay/record dates as Series B.","Series E redeemable: $0.15625 per share, payable May 15, 2026 to holders of record April 30, 2026.","Series M redeemable: $0.17917 per share (CUSIPs 10482B705, 10482B887, 10482B796, 10482B861) and $0.17708 per share (all other CUSIPs), payable May 15, 2026 to record April 30, 2026.","As of March 31, 2026: 11,388,459 Series E shares and 1,379,289 Series M shares outstanding."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":93776,"accession_number":"0001574085-26-000054","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-04-03T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Braemar Hotels advisor extends advisory agreement for 10-year term to 2037","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Advisor (Ashford Inc.) exercised right to extend advisory agreement for 10 years from Jan 24, 2027 to Jan 24, 2037.","All terms, conditions, and obligations remain in effect, subject to potential renegotiation of base or incentive fees under Section 6.6.","Extension does not affect the existing Letter Agreement dated Aug 26, 2025 or its Dec 22, 2025 Amendment."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":105680,"accession_number":"0001574085-26-000052","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-03-26T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Braemar Hotels: Series E and M Preferred liquidation value reaffirmed at $25/share","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Stanger opined liquidation value of $25.00/share for Series E and Series M Preferred as of Dec 31, 2025.","The estimated value equals the per share liquidation preference set in the articles supplementary.","Valuation based on market capitalization, analyst targets, direct capitalization, and third-party appraisals.","Disclosure made to assist broker-dealers with FINRA Rule 2331(c)(1)(B) customer account statement requirements."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":105679,"accession_number":"0001574085-26-000048","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-03-24T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Braemar Hotels declares March 2026 preferred dividends for Series B, D, E, M","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Series B: $0.1146/share, payable Apr 15 with prior months totaling $0.3438.","Series D: $0.17186/share, payable Apr 15 with prior months totaling $0.5156.","Series E: $0.15625/share, payable Apr 15 to holders of record Mar 31.","Series M: $0.17917/share (CUSIPs 705,887,796) and $0.17708/share (all others), payable Apr 15.","Shares outstanding as of Feb 28, 2026: Series E 11,528,242; Series M 1,382,407."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":105678,"accession_number":"0001574085-26-000045","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-03-17T23:59:59+00:00","items":["1.01","5.02","9.01"],"status":"ready","headline":"Limited waiver allows Braemar to award cash incentives to advisor employees in H1 2026","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Limited Waiver with Ashford Inc. and Ashford Hospitality Advisors permits cash incentive awards to advisor employees in Q1/Q2 2026.","Waiver removes Advisory Agreement limitations on cash compensation; effective only for first two quarters of calendar 2026.","Adopted Deferred Cash Award Agreements with vesting in 12 equal quarterly installments starting April 1, 2026.","Cash awards are at Company's discretion and expense; no permanent change to compensation structure."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":105677,"accession_number":"0001104659-26-024437","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-03-06T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"CFO Deric Eubanks to exit March 31, 2026; CAO Justin Coe to become principal financial officer","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Deric Eubanks terminates employment as CFO of Braemar Hotels & Resorts, Ashford Trust, and Ashford Inc. effective March 31, 2026.","Current Chief Accounting Officer Justin Coe will serve as principal financial officer starting April 1.","Eubanks receives $1,796,000 severance (12 monthly installments), plus $200,000 transition pay through June 2026.","Eubanks' outstanding deferred cash grants of $3,316,223 will continue vesting; he must provide up to 40 hours/month consulting.","Eubanks subject to 12-month non-compete, 24-month non-solicitation, and 24-month standstill."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":105676,"accession_number":"0001574085-26-000028","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-03-02T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Braemar Hotels & Resorts releases Q4 2025 investor presentation; no financial details in filing excerpt","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Investor presentation dated March 2026 covering fourth quarter 2025 results publicly released.","Presentation was furnished to the SEC on March 2, 2026, under Item 7.01 Regulation FD.","Specific financial metrics, guidance, or operational data are not included in the provided exhibit text.","No material updates beyond the existence of the presentation can be extracted from this filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":105675,"accession_number":"0001574085-26-000025","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-02-27T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Braemar Hotels Q4 Adj FFO $0.07 vs $0.19 YoY; 2026 EBITDA guidance $155M-$175M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 2025 Adjusted FFO per share $0.07, down from $0.19; Adjusted EBITDA $35.9M vs $39M.","Full-year 2025 Adj EBITDA $157.3M, Adj FFO/sh $0.36; 2026 guidance: EBITDA $155M-$175M, FFO/sh $0.20-$0.45.","RevPAR for comparable hotels rose 3.9% to $241.68; luxury segment outperformed upper-upscale.","Repaid $100M term loan early; $660M total debt, $170.8M cash; sold Portland Embassy Suites for $33M.","Plans $30-$35M capex and $40M PIPs in 2026; new management contract for Ritz-Carlton, St. Thomas."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.07,"consensus_revenue_estimate":null,"consensus_revenue_actual":704015000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":105668,"accession_number":"0001574085-26-000026","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K/A","filed_at":"2026-02-27T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Director Babak 'Bob' Ghassemieh resigns from Braemar board effective Feb 20, 2026","summary_kind":"llm","event_type":"leadership","confidence":"low","bullets":["Babak Ghassemieh's resignation from the Board of Directors became effective on February 20, 2026.","The company filed a letter from Ghassemieh as Exhibit 17.1; its contents are not detailed in the filing body.","This amendment adds Ghassemieh's response letter to the prior 8-K filed on February 25, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":105674,"accession_number":"0001574085-26-000022","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-02-26T23:59:59+00:00","items":["2.02","8.01","9.01"],"status":"ready","headline":"Braemar Hotels & Resorts announces Q4 2025 results; specific figures not in the filing text provided","summary_kind":"llm","event_type":"earnings","confidence":"low","bullets":["Press release issued on February 26, 2026 for the fourth quarter ended December 31, 2025.","The filing text does not include the exhibit containing the actual financial results.","Refer to Exhibit 99.1 for detailed earnings data, not available in this summary."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.07,"consensus_revenue_estimate":null,"consensus_revenue_actual":704015000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":105673,"accession_number":"0001574085-26-000018","cik":1574085,"company_name":"Braemar Hotels & Resorts 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resignation."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":105672,"accession_number":"0001574085-26-000015","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-02-23T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Braemar Hotels declares Feb 2026 monthly preferred dividends across four series","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Series B: $0.1146 per share, payable April 15, 2026, record March 30, 2026.","Series D: $0.17187 per share, 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redemption/conversion)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":105670,"accession_number":"0001574085-26-000009","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-01-27T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Braemar Hotels & Resorts: 2025 distributions all return of capital","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Common stock distribution of $0.20 per share entirely classified as return of capital.","Series B preferred distribution $1.3752, Series D $2.0624 all return of capital.","All eight Series E preferred series distributed $1.875/share as return of capital.","Series M preferred distributions ranged $2.0979-$2.1354/share, all return of capital.","No ordinary taxable dividends, Section 199A dividends, or capital gain distributions in 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":105669,"accession_number":"0001574085-26-000002","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2026-01-26T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Braemar declares monthly preferred dividends for Series B, D, E, M for Jan 2026","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Series B: $0.1146/diluted share payable Apr 15, 2026, record Mar 30. Series D: $0.17187/diluted share payable Apr 15, record Mar 31.","Series E: $0.15625/share; Series M: $0.17917/share (CUSIPs 705,887,796) and $0.17708 (others), all payable Feb 17, 2026, record Jan 30.","As of Dec 31, 2025: 12,027,130 Series E shares and 1,393,780 Series M shares outstanding.","Dividends are at stated rates; no change in dividend policy or common dividend declared."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":121964,"accession_number":"0001104659-25-124212","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2025-12-23T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Braemar Hotels amends advisory termination fee terms, clarifying payment waterfall in potential sale","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Amendment clarifies $480M Company Sale Fee and $25M Master Agreement Termination Fee paid from Net Sale Proceeds before any other distributions.","Defines 'Company Sale Transaction' as a Company Change of Control; fees due upon closing.","If multiple asset sales, subsequent Net Sale Proceeds applied until fees paid in full.","Upon stockholder approval of a liquidation plan, Master Agreements terminate subject to $25M fee payment.","Other property-level contracts remain in effect unless terminable by their terms."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":121963,"accession_number":"0001104659-25-121631","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2025-12-16T23:59:59+00:00","items":["5.07","8.01"],"status":"ready","headline":"Braemar Hotels director Carter fails to win majority vote; Board rejects resignation; shareholder lawsuit denied TRO","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["At Dec 15 annual meeting, director Stefani D. Carter received fewer votes for than against (17.5M vs 22.9M), but Board rejected her resignation, so she remains on Board.","Shareholder Brancous LP filed lawsuit Dec 3 alleging breach of fiduciary duties and seeking to enjoin meeting; court denied TRO Dec 11, finding Brancous unlikely to succeed on merits.","All other 8 director nominees elected; say-on-pay approved with 32M for, 8.5M against; auditor BDO USA ratified.","Company asked Brancous to dismiss lawsuit as moot; will vigorously defend if not dismissed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":121962,"accession_number":"0001104659-25-119016","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2025-12-08T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Braemar Hotels & Resorts shifts 2025 annual meeting to virtual format","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Annual Meeting date remains Dec 15, 2025 at 9:00 AM CT; format changed from in-person to virtual-only.","In-person attendance at Dallas headquarters canceled; meeting accessible at www.virtualshareholdermeeting.com/BHR2025.","Proxy statement and annual report for FY2024 available on company website under Investor tab."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":121954,"accession_number":"0001574085-25-000134","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K/A","filed_at":"2025-11-12T23:59:59+00:00","items":["9.01"],"status":"ready","headline":"Braemar Hotels & Resorts completes sale of The Clancy for $108.8M cash","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Sold The Clancy in San Francisco for ~$108.8M cash, net of transfer taxes and selling expenses.","Repaid ~$64.7M on the mortgage loan partially secured by The Clancy.","Pro forma balance sheet shows total assets reduced from $2.01B to $1.98B post-sale.","Pro forma 2024 net income increases from $19.8M to $69.2M due to non-recurring gain on sale.","Pro forma nine-month Sep 2025 net income nearly unchanged at ~$9.0M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":121961,"accession_number":"0001574085-25-000131","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2025-11-07T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Braemar Hotels releases Q3 2025 investor presentation; no specific financials disclosed in excerpt","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Filed investor presentation for third quarter 2025 under Regulation FD.","Exhibit content omitted key financial metrics such as revenue, EPS, or guidance.","Presentation title indicates Q3 2025 earnings update but data unavailable in provided text.","Trading symbols: BHR common, BHR-PB Series B, BHR-PD Series D preferred."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":121960,"accession_number":"0001574085-25-000121","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2025-11-07T23:59:59+00:00","items":["2.01","7.01","9.01"],"status":"ready","headline":"Braemar Hotels & Resorts closes sale of The Clancy in San Francisco for $115M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Sale price of $115M ($280,487 per key) for 410-room hotel; 5.2% cap rate on TTM NOI.","Company paid down ~$64.7M of debt and retained ~$43.7M in net proceeds after expenses.","TTM Hotel EBITDA of $8.0M and Net Operating Income of $6.0M (12 months ended Sept. 30, 2025).","CEO Richard Stockton said the sale sharpens the portfolio and strengthens capital position."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":121959,"accession_number":"0001574085-25-000116","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2025-11-05T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Braemar Hotels & Resorts files Q3 2025 earnings call transcript; no new financial data","summary_kind":"llm","event_type":"other","confidence":"low","bullets":["Transcript furnished after Nov 4 earnings release; contains no specific financial results.","Q3 2025 earnings call held Nov 5; management discussed previously disclosed results.","Full earnings release and supplemental tables were filed separately on Nov 4.","No updates to guidance, dividends, or portfolio operations in the transcript."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":121958,"accession_number":"0001574085-25-000114","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2025-11-04T23:59:59+00:00","items":["2.02","8.01","9.01"],"status":"ready","headline":"Braemar Hotels & Resorts releases Q3 2025 earnings; details unavailable from filing","summary_kind":"llm","event_type":"earnings","confidence":"low","bullets":["Press release issued November 4, 2025, covering Q3 ended September 30, 2025.","Filing text contains no specific financial results; only references attached exhibit.","Exhibit not provided in this filing summary; exact numbers are unknown.","Company's common stock trades on NYSE under ticker BHR."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.4,"consensus_revenue_estimate":null,"consensus_revenue_actual":538453000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":121957,"accession_number":"0001104659-25-100397","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2025-10-17T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Braemar Hotels & Resorts EVP, General Counsel Alex Rose resigns effective Dec 16, 2025","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Alex Rose resigned as Executive VP, General Counsel & Secretary of Braemar Hotels & Resorts, effective December 16, 2025.","Resignation is not the result of any disagreement with the company regarding operations, policies, or practices.","No successor has been announced in the filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":121956,"accession_number":"0001574085-25-000104","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2025-10-14T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Braemar Hotels declares Q4 2025 common dividend of $0.05/share, payable Jan 15","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Common stock quarterly dividend $0.05/share ($0.20 annual); payable Jan 15, 2026 to holders of record Dec 31, 2025.","Series B Preferred dividend $0.3438/share; Series D Preferred $0.5156/share; payable Jan 15, 2026 to holders of record Dec 31, 2025.","Series E Redeemable Preferred pays $0.15625/share monthly for Nov 2025, Dec 2025, and Jan 2026.","Series M Redeemable Preferred pays $0.17500-$0.17917/share monthly (varies by CUSIP) for Nov 2025, Dec 2025, and Jan 2026.","As of Sept 30, 2025, 12.7M Series E and 1.4M Series M shares outstanding."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":121955,"accession_number":"0001574085-25-000102","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2025-10-07T23:59:59+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"Braemar Hotels agrees to sell The Clancy in San Francisco for $115 million","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Sale price of $115M cash ($280,487 per key) for the 410-room hotel.","Price represents a 5.0% cap rate on trailing 12-month NOI of $5.7M (Aug 2025).","Buyer paid a $3.5M non-refundable deposit; closing expected Nov 2025 with 30-day extension option.","Hotel EBITDA of $7.7M vs. net loss of $4.2M for the trailing 12 months.","CEO states divestiture is part of portfolio refinement to maximize shareholder value."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":138661,"accession_number":"0001104659-25-083118","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2025-08-26T23:59:59+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"Braemar Hotels & Resorts initiates sale process; agrees to $480M termination fee with advisor","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board forms special committee, engages Baird and White & Case to explore sale; no definitive timetable.","Letter agreement with Ashford caps termination fee at $480M (vs $575M calculated); $17M advanced upfront.","Buyer must assume master agreements with Premier and Remington; can cancel both for $25M at close.","Portfolio TTM NOI $135.8M; recently sold Marriott Seattle Waterfront for $50.8M; signed LOI to sell Clancy for $115M.","Total debt ~$1.172B, preferred liquidation ~$473M, fully diluted shares 73.6M; excess land valued at $35.9M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":138660,"accession_number":"0001104659-25-082767","cik":1574085,"company_name":"Braemar Hotels & Resorts Inc.","ticker":"BHR","form_type":"8-K","filed_at":"2025-08-26T23:59:59+00:00","items":["1.01","5.02","7.01","9.01"],"status":"ready","headline":"Braemar appoints activist Bob Ghassemieh to board under cooperation agreement","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Ghassemieh Group, owning ~7.3% of BHR common stock, enters cooperation agreement with Braemar.","BHR appoints Bob Ghassemieh to board; Ghassemieh Group withdraws June 2 director nominations.","Agreement includes standstill restrictions and voting commitments through 2026 annual meeting.","Ghassemieh Group gets replacement director rights if Ghassemieh leaves, subject to minimum 3% ownership threshold.","BHR will nominate Ghassemieh (or replacement) for election at 2025 and 2026 annual meetings."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":169637921.96825397,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2025-08-26T23:59:59+00:00|138660"}