{"schema_version":"secwatch.filing_event.v1","accession":"0001574085-26-000025","form_type":"8-K","ticker":"BHR","cik":"0001574085","company_name":"Braemar Hotels & Resorts Inc.","filed_at":"2026-02-27T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.499823+00:00","generated_at":"2026-05-15T23:03:20.679031+00:00","sec_items":["7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Braemar Hotels Q4 Adj FFO $0.07 vs $0.19 YoY; 2026 EBITDA guidance $155M-$175M","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001574085-26-000025","json":"https://secwatch.observer/filing/0001574085-26-000025.json","markdown":"https://secwatch.observer/filing/0001574085-26-000025.md","text":"https://secwatch.observer/filing/0001574085-26-000025.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1574085/000157408526000025/0001574085-26-000025-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1574085/000157408526000025/bhr-20260227.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T23:03:20.679031+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}