---
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"
generated_at: "2026-05-15T08:49:27.731877+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Braemar Hotels: Series E and M Preferred liquidation value reaffirmed at $25/share

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001574085-26-000052
- JSON: https://secwatch.observer/filing/0001574085-26-000052.json
- Plain text: https://secwatch.observer/filing/0001574085-26-000052.txt

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