Jay H. Shah
On June 2, 2025, Mr. Jay H. Shah tendered his resignation from the Board of Directors of Braemar Hotels & Resorts Inc. (the “ Company ”) to be effective as of that date.
Highest-materiality recent filing
Filed investor presentation for Q1 2026 earnings update on May 12, 2026.
Braemar Hotels & Resorts reports Q1 2026 results; no details in filing text
On May 6, 2026, Braemar Hotels & Resorts issued a press release announcing Q1 2026 financial results.
Braemar Hotels agrees to sell Park Hyatt Beaver Creek for $176M ($912K/key)
Sale price of $176M represents a 5.1% cap rate on trailing 12-month NOI.
Series B (5.5% cumulative convertible): $0.1146 per share, payable July 15, 2026 to holders of record June 30, 2026 (monthly portion of quarterly dividend).
Braemar Hotels advisor extends advisory agreement for 10-year term to 2037
Advisor (Ashford Inc.) exercised right to extend advisory agreement for 10 years from Jan 24, 2027 to Jan 24, 2037.
Braemar Hotels: Series E and M Preferred liquidation value reaffirmed at $25/share
Stanger opined liquidation value of $25.00/share for Series E and Series M Preferred as of Dec 31, 2025.
Braemar Hotels declares March 2026 preferred dividends for Series B, D, E, M
Series B: $0.1146/share, payable Apr 15 with prior months totaling $0.3438.
Limited waiver allows Braemar to award cash incentives to advisor employees in H1 2026
Limited Waiver with Ashford Inc. and Ashford Hospitality Advisors permits cash incentive awards to advisor employees in Q1/Q2 2026.
CFO Deric Eubanks to exit March 31, 2026; CAO Justin Coe to become principal financial officer
Deric Eubanks terminates employment as CFO of Braemar Hotels & Resorts, Ashford Trust, and Ashford Inc. effective March 31, 2026.
Investor presentation dated March 2026 covering fourth quarter 2025 results publicly released.
Director Babak 'Bob' Ghassemieh resigns from Braemar board effective Feb 20, 2026
Babak Ghassemieh's resignation from the Board of Directors became effective on February 20, 2026.
Braemar Hotels Q4 Adj FFO $0.07 vs $0.19 YoY; 2026 EBITDA guidance $155M-$175M
Q4 2025 Adjusted FFO per share $0.07, down from $0.19; Adjusted EBITDA $35.9M vs $39M.
Braemar Hotels & Resorts announces Q4 2025 results; specific figures not in the filing text provided
Press release issued on February 26, 2026 for the fourth quarter ended December 31, 2025.
Board unanimously voted on Feb 20, 2026 that Ghassemieh breached the cooperation agreement, activating his August 2025 resignation letter.
Braemar Hotels declares Feb 2026 monthly preferred dividends across four series
Series B: $0.1146 per share, payable April 15, 2026, record March 30, 2026.
Braemar Hotels updates preferred dividend process; no 2026 common dividend due to ongoing sale
Series B and D preferred dividends now 'reserved' monthly alongside Series E and M instead of declared quarterly.
Braemar Hotels & Resorts: 2025 distributions all return of capital
Common stock distribution of $0.20 per share entirely classified as return of capital.
Braemar declares monthly preferred dividends for Series B, D, E, M for Jan 2026
Series B: $0.1146/diluted share payable Apr 15, 2026, record Mar 30. Series D: $0.17187/diluted share payable Apr 15, record Mar 31.
Braemar Hotels amends advisory termination fee terms, clarifying payment waterfall in potential sale
Amendment clarifies $480M Company Sale Fee and $25M Master Agreement Termination Fee paid from Net Sale Proceeds before any other distributions.
At Dec 15 annual meeting, director Stefani D. Carter received fewer votes for than against (17.5M vs 22.9M), but Board rejected her resignation, so she remains on Board.
Braemar Hotels & Resorts shifts 2025 annual meeting to virtual format
Annual Meeting date remains Dec 15, 2025 at 9:00 AM CT; format changed from in-person to virtual-only.
Braemar Hotels & Resorts completes sale of The Clancy for $108.8M cash
Sold The Clancy in San Francisco for ~$108.8M cash, net of transfer taxes and selling expenses.
Braemar Hotels & Resorts closes sale of The Clancy in San Francisco for $115M
Sale price of $115M ($280,487 per key) for 410-room hotel; 5.2% cap rate on TTM NOI.
Braemar Hotels releases Q3 2025 investor presentation; no specific financials disclosed in excerpt
Filed investor presentation for third quarter 2025 under Regulation FD.
Braemar Hotels & Resorts files Q3 2025 earnings call transcript; no new financial data
Transcript furnished after Nov 4 earnings release; contains no specific financial results.
Braemar Hotels & Resorts releases Q3 2025 earnings; details unavailable from filing
Press release issued November 4, 2025, covering Q3 ended September 30, 2025.
Braemar Hotels & Resorts EVP, General Counsel Alex Rose resigns effective Dec 16, 2025
Alex Rose resigned as Executive VP, General Counsel & Secretary of Braemar Hotels & Resorts, effective December 16, 2025.
Braemar Hotels declares Q4 2025 common dividend of $0.05/share, payable Jan 15
Common stock quarterly dividend $0.05/share ($0.20 annual); payable Jan 15, 2026 to holders of record Dec 31, 2025.
Braemar Hotels agrees to sell The Clancy in San Francisco for $115 million
Sale price of $115M cash ($280,487 per key) for the 410-room hotel.
Braemar appoints activist Bob Ghassemieh to board under cooperation agreement
Ghassemieh Group, owning ~7.3% of BHR common stock, enters cooperation agreement with Braemar.
Braemar Hotels & Resorts initiates sale process; agrees to $480M termination fee with advisor
Board forms special committee, engages Baird and White & Case to explore sale; no definitive timetable.
Braemar Hotels refinances Four Seasons Scottsdale with $180M loan at SOFR+3.00%, up from $140M
Previous loan $140M at SOFR+3.75%, maturing Dec 2028; new $180M at SOFR+3.00%.
Braemar provides pro forma financials showing sale of Marriott Seattle Waterfront for $139.3M
Pro forma reflects removal of Marriott Seattle (369 rooms) sold Aug 7, 2025 for approx $139.3M net cash.
Braemar Hotels closes $145M sale of Marriott Seattle Waterfront; pays down $88.4M debt
Sold 369-room Marriott Seattle Waterfront for $145M ($393k per key) on August 7, 2025.
Braemar corrects urban hotel RevPAR growth to 1.3% from previously reported 0.5%
8-K/A filed to fix scrivener's error in Aug 1, 2025 earnings call transcript.
Braemar Hotels & Resorts furnishes Q2 2025 earnings call transcript; no new financial data
Earnings conference call held Aug 1, 2025 for quarter ended June 30, 2025.
Investor presentation for second quarter 2025 was released on August 1, 2025.
Braemar Hotels announces Q2 2025 earnings; details in press release only
Press release dated July 31, 2025 covers financial results for the quarter ended June 30, 2025.
Braemar extends Ritz-Carlton Lake Tahoe mortgage to July 2026 at SOFR+3.25%
Extended mortgage on 170-room Ritz-Carlton Lake Tahoe; new maturity July 15, 2026.
Braemar declares Q3 2025 common dividend of $0.05/share ($0.20 annual) and preferred dividends
Common stock dividend of $0.05/share for Q3 2025, payable Oct 15 to holders of record Sep 30.
Braemar Hotels agrees to sell Marriott Seattle Waterfront for $145M
Sale price $145M ($393,000 per key) for 369-room hotel; 8.1% cap rate on trailing 12-month NOI of $12.4M.
Braemar Hotels & Resorts postpones 2025 Annual Meeting from July 30 to December 15, 2025
2025 Annual Meeting originally scheduled for July 30, 2025, now set for December 15, 2025.
Director Jay H. Shah resigns from Braemar Hotels & Resorts board
Jay H. Shah resigned from the Board of Directors effective June 2, 2025.
Braemar Hotels appoints Sirna to committee; annual meeting July 30
Director Kellie Sirna appointed to the Nominating and Corporate Governance Committee, effective May 22, 2025.
On June 2, 2025, Mr. Jay H. Shah tendered his resignation from the Board of Directors of Braemar Hotels & Resorts Inc. (the “ Company ”) to be effective as of that date.
Max materiality 0.80 · Median 0.30 · Most common event other_material