Braemar Hotels & Resorts Inc. (BHR) Stock Analysis
Premium luxury hotels, but a severely impaired common equity story dominated by governance conflict, asset sales, leverage, and a costly Ashford exit.
Overview
Braemar Hotels & Resorts is a luxury lodging REIT owning premium properties under brands such as Ritz-Carlton, Four Seasons, LXR, and Sofitel. Its portfolio targets assets with RevPAR far above the U.S. lodging average, serving affluent leisure, corporate, and group customers. Revenue comes mainly from rooms, plus food, beverage, spa, golf, resort fees, and event services. Despite strong asset quality and luxury pricing power, BHR’s financial future is dominated by governance conflict, leverage, asset sales, and the costly break from Ashford.