---
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"
generated_at: "2026-05-15T23:03:20.679031+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Braemar Hotels Q4 Adj FFO $0.07 vs $0.19 YoY; 2026 EBITDA guidance $155M-$175M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001574085-26-000025
- JSON: https://secwatch.observer/filing/0001574085-26-000025.json
- Plain text: https://secwatch.observer/filing/0001574085-26-000025.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.