Braemar Hotels & Resorts Announces Transition to Self-Managed REIT

Richard J. Stockton, President and Chief Executive Officer of Braemar Hotels & Resorts

“This transition marks the start of a new chapter for Braemar as a self-managed REIT”

Richard J. Stockton, President and Chief Executive Officer of Braemar Hotels & Resorts

“Our management team is now employed directly by the Company, we have updated our governance framework, and we have put forward a slate of director nominees, seven of whom are independent, with deep REIT, audit, governance and public company experience.”

Richard J. Stockton, President and Chief Executive Officer of Braemar Hotels & Resorts

“Our luxury portfolio continues to perform. As we recently reported, the portfolio’s third-quarter Comparable RevPAR rose 14.4% and Comparable Hotel EBITDA grew 20.7%, led by our urban hotels, where Comparable RevPAR rose 23.3% and Comparable Hotel EBITDA rose 63.2%.”

Richard J. Stockton, President and Chief Executive Officer of Braemar Hotels & Resorts

“Looking ahead, we expect continued wealth creation at the top of the economy and limited new luxury supply in our markets through 2028 to support 2027. Forward booking pace remains strong, and major events like Super Bowl LXI in Los Angeles add further tailwinds.”