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Companies / Real Estate / Braemar Hotels & Resorts Inc.
BHR

Braemar Hotels & Resorts Inc.

Ticker BHRDALLAS, TXFiscal year ends DecemberBook value per share $-1.54Diluted shares 68.6M

Braemar Hotels & Resorts Inc. (NYSE: BHR) invests primarily in luxury hotels and resorts expected to generate revenue per available room at least twice the U.S. lodging-industry average. The company owns interests in 13 properties with 3,028 rooms across six states, the District of Columbia, Puerto Rico and the U.S.… From the company’s description.

Over the twelve months to Sep 30, 2026, Braemar Hotels & Resorts Inc. reported revenue of $647.15M, down 9.1% from a year earlier, and a net loss of $261.37M. Its operating margin was −28.7%, and operations used $206.93M in cash. In fiscal 2025, it reported revenue of $704.01M, down 3.3% from fiscal 2024, and a net loss of $28.41M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$704.01MFY2025
−3.3% year over year
Last 12 mo $647.15M
10.28%FY2025
−7.4 percentage points
Last 12 mo -28.69%
$-28.41MFY2025
−243.8% year over year
Last 12 mo $-261.37M
23.20%FY2025
+23.9 percentage points
Last 12 mo 229.58%
Cash & financing
$40.78MFY2025
−39.0% year over year
Last 12 mo $-206.93M
$-37.13MFY2025
−881.9% year over year
Last 12 mo $-253.07M
7.96FY2025
Was 5.03× a year earlier
Last 12 mo -4.20
67.6MFY2025
+1.7% year over year
Last 12 mo 68.6M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Braemar Hotels & Resorts Inc. does

In the company’s own words

Braemar Hotels & Resorts Inc. (NYSE: BHR) invests primarily in luxury hotels and resorts expected to generate revenue per available room at least twice the U.S. lodging-industry average. The company owns interests in 13 properties with 3,028 rooms across six states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands, as of March 9, 2026. Its business is focused on direct hotel investment, with Ashford Hospitality Advisors providing asset-management services and contracted hotel companies handling day-to-day operations; Remington Hospitality manages five properties. The portfolio includes hotels affiliated with Marriott, Hilton, Hyatt, Four Seasons and Accor, as well as independent properties. Notable brands and properties include The Ritz-Carlton, Park Hyatt, Four Seasons Resort Scottsdale, Sofitel Chicago Magnificent Mile, The Notary Hotel and Bardessono Hotel and Spa. Formed in 2013, Braemar was spun off from Ashford Hospitality Trust and acquired Pier House Resort & Spa in connection with the separation.

Company details
Sector
Real Estate
Industry (SIC)
REITs
Headquarters
DALLAS, TX
Fiscal year end
December
CIK
1574085
SIC
6798

Financial performance, year by year

Fiscal 2014–2025 · USD
$-361.44M$-61.23M$238.99M$539.20M$839.41M201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Braemar Hotels & Resorts Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

97
funds hold it
0 of 35
superinvestors hold it
$26.69M
held by funds, at market
16.9%
of shares held by funds
1
bond issues held by funds

Largest fund holders · Braemar Hotels & Resorts Inc.’s weight in each

—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Small Cap Index Fund
FSSNX · Fidelity Salem Street Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Braemar Hotels & Resorts Inc.’s bonds, as funds hold them

Funds report holding 1 issues of Braemar Hotels & Resorts Inc.’s debt, $1.12M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.50%, maturing 2026 to 2026.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Braemar Hotels & Resorts Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Braemar Hotels & Resorts Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Braemar Hotels & Resorts Inc.'s last four quarterly filings that the numbers alone won't show?”
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