Braemar Hotels & Resorts Inc. — fact timeline

Braemar Hotels & Resorts Inc. entered into Agreement with BRDO Property, LLC, YNTV Property, LLC, 1776 Sarasota Associates, and 1776 Sarasota Golf Associates valued at $437.5 million (effective 2026-06-04).

“On June 4, 2026, Ashford Yountville LP, Ashford Yountville II LP, Ashford Sarasota LP, Ashford TRS Sarasota Residence LLC, Ashford TRS Yountville LLC, Ashford TRS Yountville II LLC and Ashford TRS Sarasota LLC, indirect subsidiaries of Braemar Hotels & Resorts Inc. (the “ Company ”), entered into an Agreement of Purchase and Sale (the “ Agreement ”) with BRDO Property, LLC, YNTV Property, LLC, 1776 Sarasota Associates, and 1776 Sarasota Golf Associates, for the sale of: (i) The Ritz-Carlton Sarasota located in Sarasota, Florida, (ii) the Hotel Yountville located in Yountville, California, and (iii) the Bardessono Hotel and Spa located in Yountville, California for a total purchase price of $437.5 million in cash, subject to customary prorations and adjustments.”

Braemar Hotels & Resorts Inc. completed a disposition involving Apres Owner, LLC for $176 million in cash (closed 2026-05-26).

“On May 26, 2026, Ashford BC LP and Ashford TRS BC LLC (together “Seller”), indirect subsidiaries of Braemar Hotels & Resorts Inc. (the “Company”), completed the sale of the Park Hyatt Beaver Creek Resort & Spa located in Avon, Colorado (the “Hotel”) pursuant to an Agreement of Purchase and Sale, dated as of April 27, 2026, by and among Seller and Apres Owner, LLC, as purchaser, for $176 million in cash, subject to customary pro-rations and adjustments.”

Rebecca Musser resigned as Director at Braemar Hotels & Resorts Inc..

“Also on May 21, 2026, each of Stefani Danielle Carter and Rebecca Musser notified the Company of their resignation from the Board effective as of that date.”

Stefani Danielle Carter resigned as Director at Braemar Hotels & Resorts Inc..

“Also on May 21, 2026, each of Stefani Danielle Carter and Rebecca Musser notified the Company of their resignation from the Board effective as of that date.”

Eric Batis was appointed as Director at Braemar Hotels & Resorts Inc..

“On May 21, 2026, the Board of Directors (the “ Board ”) of Braemar Hotels & Resorts Inc. (the “ Company ”) appointed Mr. Eric Batis to the Board to serve until the next annual meeting of stockholders of the Company and until his successor is duly elected and qualified.”

Braemar Hotels & Resorts Inc. reported financial results for first quarter ended March 31, 2026.

“On May 6, 2026, Braemar Hotels & Resorts Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2026.”

Braemar Hotels & Resorts Inc. entered into Agreement with Apres Owner, LLC valued at $176 million (effective 2026-04-27).

“On April 27, 2026, Ashford BC LP and Ashford TRS BC LLC (“ Ashford ”), indirect subsidiaries of Braemar Hotels & Resorts Inc. (the “ Company ”), entered into an Agreement of Purchase and Sale (the “ Agreement ”) with Apres Owner, LLC for the sale of Park Hyatt Beaver Creek Resort & Spa located in Avon, Colorado for $176 million in cash, subject to customary pro-rations and adjustments.”

Braemar Hotels & Resorts Inc. completed a disposition involving Block Nine Owner, LLC for $115 million in cash (closed 2025-11-06).

“On November 6, 2025, Ashford San Francisco II LP and Ashford TRS SF LLC (together “Seller”), indirect subsidiaries of Braemar Hotels & Resorts Inc. (the “ Company ”), completed the sale of The Clancy (the “ Hotel ”) pursuant to an Agreement of Purchase and Sale, dated as of October 6, 2025, by and among Seller and Block Nine Owner, LLC, as purchaser, for $115 million in cash, subject to customary pro-rations and adjustments.”

Braemar Hotels & Resorts Inc. completed a disposition involving Seafront Fjord Owner, LLC for $145 million in cash (closed 2025-08-07).

“On August 7, 2025, Ashford Seattle Waterfront LP and Ashford TRS Seattle Waterfront LLC (together, “ Seller ”), indirect subsidiaries of Braemar Hotels & Resorts Inc. (the “ Company ”), completed the sale of the Marriott Seattle Waterfront hotel (the “ Hotel ”) pursuant to an Agreement of Purchase and Sale, dated as of July 3, 2025, by and among Seller and Seafront Fjord Owner, LLC, as purchaser, for $145 million in cash, subject to customary pro-rations and adjustments.”

Jay H. Shah resigned as Director at Braemar Hotels & Resorts Inc..

“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.”

Kellie Sirna was appointed as Director at Braemar Hotels & Resorts Inc..

“On April 1, 2025, the Board of Directors (the “ Board ”) of Braemar Hotels & Resorts Inc. (the “ Company ”) appointed Ms. Kellie Sirna to the Board, effective immediately, to serve until the next annual meeting of stockholders of the Company and until her successor is duly elected and qualified.”

Jay H. Shah was appointed as Director at Braemar Hotels & Resorts Inc..

“on October 4, 2024, the Board increased the number of directors of the Company from eight to nine and appointed Mr. Jay H. Shah as the Additional Board Member to serve until the Company’s next annual meeting of stockholders and until his successor is duly elected and qualified.”

Braemar Hotels & Resorts Inc. completed a disposition involving JRK Torrey Pines Hotel Owner LLC for $165 million in cash (closed 2024-07-17).

“On July 17, 2024, CHH Torrey Pines Hotel Partners, LP and CHH Torrey Pines Tenant Corp (together “Seller”), indirect subsidiaries of Braemar Hotels & Resorts Inc. (the “Company”), completed the sale of the Hilton La Jolla Torrey Pines hotel (“Hilton Torrey Pines”) pursuant to an Agreement of Purchase and Sale, entered into effective May 6, 2024, by and among Seller and JRK Torrey Pines Hotel Owner LLC, as purchaser, for $165 million in cash, subject to customary pro-rations and adjustments.”

Braemar Hotels & Resorts Inc. reported financial results for the first quarter ended March 31, 2024.

“On May 8, 2024, Braemar Hotels & Resorts Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2024.”

Braemar Hotels & Resorts Inc. entered into Agreement of Purchase and Sale with JRK Torrey Pines Hotel Owner LLC valued at $165 million (effective 2024-05-06).

“On May 6, 2024 (the “Effective Date”), CHH Torrey Pines Hotel Partners, LP and CHH Torrey Pines Tenant Corp. (together, “Seller”), indirect subsidiaries of Braemar Hotels & Resorts Inc. (the “Company”), entered into an Agreement of Purchase and Sale (the “Agreement”) with JRK Torrey Pines Hotel Owner LLC (“Purchaser”), for the sale of the Hilton La Jolla Torrey Pines hotel (“Hilton Torrey Pines”) for $165 million in cash”

Braemar Hotels & Resorts Inc.: Reduced quorum required for matters proposed by the Board at annual meetings from a majority to at least one-third of votes entitled to be cast (effective 2024-02-27).

“On February 27, 2024, Braemar Hotels and Resorts Inc. (the “Company”), by resolution of its board of directors (the “Board”), adopted Amendment No. 1 to the Fifth Amended and Restated Bylaws of the Company (the “Bylaw Amendment”) for purposes of reducing the quorum required for any matter proposed by the Board at an annual meeting of stockholders called by the Board from a majority to at least one-third of all votes entitled to be cast at such meeting, as permitted under the Maryland General Corporation Law.”

Braemar Hotels & Resorts Inc. reported financial results for the fourth quarter ended December 31, 2023.

“On February 29, 2024, Braemar Hotels & Resorts Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter ended December 31, 2023.”

Braemar Hotels & Resorts Inc.: Board approved Fifth Amended and Restated Bylaws enhancing advance notice procedures and disclosure requirements for stockholder nominations and proposals (effective 2024-01-09).

“On January 9, 2024, the Board of Directors (the “ Board ”) of Braemar Hotels & Resorts Inc. (the “ Company ”) approved the Fifth Amended and Restated Bylaws of the Company, which are effective immediately.”

Justin Coe was appointed as Chief Accounting Officer at Braemar Hotels & Resorts Inc..

“On December 7, 2023, Justin Coe, the current Senior Vice President of Accounting of Advisor, was appointed to fill the role of Chief Accounting Officer at the Company, effective January 1, 2024.”

Mark Nunneley resigned as Chief Accounting Officer at Braemar Hotels & Resorts Inc..

“On December 5, 2023, Mark Nunneley, Chief Accounting Officer of Braemar Hotels & Resorts Inc. (the “ Company ”), announced to the Board of Directors (the “ Board ”) of the Company his intention to voluntarily step down from his role as the Chief Accounting Officer”

Braemar Hotels & Resorts Inc. reported financial results for second quarter ended June 30, 2023.

“On August 1, 2023, Braemar Hotels & Resorts Inc. (the “Company”) issued a press release announcing its financial results for the second quarter ended June 30, 2023.”

Braemar Hotels & Resorts Inc. incurred credit facility of $200 million with Bank of America, N.A. (as administrative agent) and the lenders party thereto at Daily SOFR or Term SOFR plus 10 basis points (with a 0% floor) plus the applicab maturing three-year.

“The Credit Agreement evidences a $200 million senior secured credit facility (the “Facility”) comprised of a senior secured term loan facility of $150 million (the “Term Loan Facility”) and a senior secured revolving credit facility of $50 million (the “Revolving Credit Facility”).”

Braemar Hotels & Resorts Inc. shareholders approved Approval of Amendment No. 4 to the Company’s Second Amended and Restated 2013 Equity Incentive Plan at the 2023-05-10 meeting.

“To approve Amendment No. 4 to the Company’s Second Amended and Restated 2013 Equity Incentive Plan. This proposal was approved by the votes indicated below:”

Braemar Hotels & Resorts Inc. shareholders approved Ratification of the appointment of BDO USA, LLP as independent auditors for the fiscal year ending December 31, 2023 at the 2023-05-10 meeting.

“To ratify the appointment of BDO USA, LLP, a national public accounting firm, as the Company's independent auditors for the fiscal year ending December 31, 2023. This proposal was approved by the votes indicated below:”

Braemar Hotels & Resorts Inc. shareholders approved Advisory approval of the Company’s executive compensation at the 2023-05-10 meeting.

“To obtain advisory approval of the Company’s executive compensation. This proposal was approved by the votes indicated below:”

Braemar Hotels & Resorts Inc. shareholders approved Election of eight nominees to the Board of Directors at the 2023-05-10 meeting.

“The following nominees were elected to the Company’s Board of Directors (constituting the entire Board of Directors), with the voting results for each nominee as shown:”

Braemar Hotels & Resorts Inc. reported financial results for the first quarter ended March 31, 2023.

“On May 2, 2023, Braemar Hotels & Resorts Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2023.”

Braemar Hotels & Resorts Inc. amended Limited Waiver Under Advisory Agreement with Braemar Hospitality Limited Partnership (the “Operating Partnership”), Braemar TRS Corporation (“TRS”), Ashford Inc. (“AINC”) and Ashford Hospitality Advisors LLC (together with AINC, the “Advisor”) valued at Waiver of limitations on cash incentive compensation awards for Q1 and Q2 2023 (effective 2023-03-02).

“On March 2, 2023, Braemar Hotels & Resorts Inc. (the “Company”) entered into a Limited Waiver Under Advisory Agreement (the “Limited Waiver”) with Braemar Hospitality Limited Partnership (the “Operating Partnership”), Braemar TRS Corporation (“TRS”), Ashford Inc. (“AINC”) and Ashford Hospitality Advisors LLC (together with AINC, the “Advisor”).”

Braemar Hotels & Resorts Inc.: Reduced quorum requirement for 2023 annual meeting from a majority to at least one-third of votes entitled to be cast (effective 2023-02-23).

“The Bylaw Amendment reduced the Quorum Requirement solely for the 2023 annual meeting from a majority to at least one-third of all votes entitled to be cast at such meeting, as permitted under the Maryland General Corporation Law.”

Braemar Hotels & Resorts Inc. reported financial results for the fourth quarter ended December 31, 2022.

“On February 22, 2023, Braemar Hotels & Resorts Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter ended December 31, 2022.”

Braemar Hotels & Resorts Inc. reported that prior financial statements should not be relied upon.

“lidated statements of equity for the three and nine months ended September 30, 2022, in the line item entitled “redemption value adjustment - preferred stock.” The effect of correcting this misstatement will result in a restatement of the Company’s condensed consolidated statement of operations for the nine months ended September 30, 2022 as shown in the table below (amounts in thousands except per share amounts): As Originally Reported Adjustment As Restated Condensed Consolidated Statement of Operations Deemed dividend on redeemable preferred stock $ — $ (4,802) $ (4,802) Net income (loss) attributable to common stockholders $ 7,594 $ (4,802) $ 2,792 Income (loss) per share - basic: Net income (loss) allocated to common stockholders per share $ 0.11 $ (0.07) $ 0.04 Income (loss) per share - diluted: Net income (loss) allocated to common stockholders per share $ 0.11 $ (0.07) $ 0.04 The”

Braemar Hotels & Resorts Inc. reported preliminary financial results for the fourth quarter of 2022.

“On January 6 2023, Braemar Hotels & Resorts Inc. (the “Company”) issued a press release announcing its preliminary operating results for the fourth quarter of 2022.”

Braemar Hotels & Resorts Inc. reported the fourth quarter ending December 31, 2022 results: net income approximately $0.5 million to $3.5 million. Guidance initiated.

“announced today its preliminary expectations for net income and Adjusted EBITDAre for the fourth quarter ending December 31, 2022. The Company reported today a preliminary estimated range of net income of approximately $0.5 million to $3.5 million and a preliminary estimated range of Adjusted EBITDAre of $36.0 million to $39.0 million.”

Braemar Hotels & Resorts Inc. reported preliminary financial results for month of November 2022.

“reported today preliminary portfolio occupancy of approximately 64% for the month of November 2022 with an average daily rate (“ADR”) of approximately $394 resulting in RevPAR of approximately $253.”

Braemar Hotels & Resorts Inc. completed an acquisition involving SHR FSST, L.L.C. and DTRS FSST, L.L.C. for $267.8 million (closed 2022-12-01).

“Agreement”), by and among the Company, the Purchaser and with SHR FSST, L.L.C. and DTRS FSST, L.L.C. (collectively the “Seller”). The total consideration for the acquisition was $267.8 million (the “ Purchase Price ”), subject to customary pro-rations and adjustments. The Purchase Price was funded with existing cash on hand. --- EX-99.1 (EX-99.1) --- NEWS RELEASE”

Braemar Hotels & Resorts Inc. reported financial results for the third quarter ended September 30, 2022.

“On November 2, 2022, Braemar Hotels & Resorts Inc. (the “Company”) issued a press release announcing its financial results for the third quarter ended September 30, 2022.”

Braemar Hotels & Resorts Inc. entered into Purchase and Sale Agreement with SHR FSST, LLC and DTRS FSST, LLC valued at Purchase Price $267,800,000 (effective 2022-10-31).

“On October 31, 2022, Braemar Hotels and Resorts Inc.’s (the “ Company ”) indirect, wholly-owned subsidiary, BHR Scottsdale LP (the “ Purchaser ”), entered into a Purchase and Sale Agreement (the “ Purchase Agreement ”) with SHR FSST, LLC and DTRS FSST, LLC collectively as the seller, for the purchase of the Four Seasons Resort Scottsdale at Troon North (the “ Hotel ”).”

Jeremy Welter resigned as Chief Operating Officer at Braemar Hotels & Resorts Inc..

“Mr. Welter is also the Chief Operating Officer of Ashford Hospitality Trust, Inc. (“Ashford Trust”) and Braemar Hotels & Resorts Inc. (the “Company”) and accordingly his service as Chief Operating Officer of each of Ashford Trust and the Company will also end effective as of the Resignation Date.”