{"schema_version":"secwatch.filing_event.v1","accession":"0001574085-26-000153","form_type":"8-K","ticker":"BHR","cik":"0001574085","company_name":"Braemar Hotels & Resorts Inc.","filed_at":"2026-10-13T10:15:54+00:00","discovered_at":"2026-10-13T10:20:00.254777+00:00","generated_at":"2026-10-13T10:20:15.749844+00:00","sec_items":["7.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Braemar posts TTM Hotel EBITDA $90.4M on $385.2M revenue; Cameo Beverly Hills at -$3.9M","bullets":["Trailing twelve months ended August 31, 2026: portfolio RevPAR $334, revenue $385.2M, Hotel EBITDA $90.4M, Hotel EBITDA margin 23.5%.","Ritz-Carlton Reserve Dorado Beach leads the portfolio: RevPAR $1,747, revenue $101.5M, Hotel EBITDA $28.1M (27.7% margin).","Cameo Beverly Hills, LXR Hotels & Resorts showed Hotel EBITDA of negative $3.9M on $11.4M revenue (-34.4% margin) after its 2025 renovation and January 2026 brand conversion.","Weakest margin besides Cameo: Ritz-Carlton Lake Tahoe at 14.6% ($8.0M EBITDA on $55.0M); highest: The Notary Hotel, Autograph Collection at 33.8%.","Figures are preliminary and unaudited; no GAAP reconciliation is provided for the August 31, 2026 period, which the company says will come with Q3 2026 results."],"urls":{"canonical":"https://secwatch.observer/filing/0001574085-26-000153","json":"https://secwatch.observer/filing/0001574085-26-000153.json","markdown":"https://secwatch.observer/filing/0001574085-26-000153.md","text":"https://secwatch.observer/filing/0001574085-26-000153.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1574085/000157408526000153/0001574085-26-000153-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1574085/000157408526000153/bhr-20261013.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-13T10:20:15.749844+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"}