secwatch.observer — SEC 8-K summary
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Issuer:     Braemar Hotels & Resorts Inc. (BHR)
CIK:        0001574085
Form:       8-K
Filed at:   2026-02-27T23:59:59+00:00
Accession:  0001574085-26-000025
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1574085/000157408526000025/0001574085-26-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1574085/000157408526000025/bhr-20260227.htm
  HTML page:      https://secwatch.observer/filing/0001574085-26-000025

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