{"schema_version":"secwatch.filing_event.v1","accession":"0001574085-26-000052","form_type":"8-K","ticker":"BHR","cik":"0001574085","company_name":"Braemar Hotels & Resorts Inc.","filed_at":"2026-03-26T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.501104+00:00","generated_at":"2026-05-15T08:49:27.731877+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"confidence":"high","headline":"Braemar Hotels: Series E and M Preferred liquidation value reaffirmed at $25/share","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001574085-26-000052","json":"https://secwatch.observer/filing/0001574085-26-000052.json","markdown":"https://secwatch.observer/filing/0001574085-26-000052.md","text":"https://secwatch.observer/filing/0001574085-26-000052.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1574085/000157408526000052/0001574085-26-000052-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1574085/000157408526000052/bhr-20260326.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T08:49:27.731877+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"}