The latest announcement is out from Braemar Hotels & Resorts ( (BHR) ).
On February 27, 2025, Braemar Hotels & Resorts held an earnings conference call to discuss its fourth-quarter and full-year 2024 results. The company reported a 1.9% increase in Comparable RevPAR and a 5.3% rise in Comparable Total Hotel Revenue for the fourth quarter, marking a recovery after several quarters of decline. The company is actively refinancing a $293 million loan and has redeemed approximately $80 million of non-traded preferred stock as part of its Shareholder Value Creation Plan. Despite challenges such as unseasonably mild winter weather and calendar shifts affecting festive bookings, the company’s portfolio showed resilience, with urban hotels achieving a 3.3% growth in Comparable RevPAR. Braemar also completed significant capital projects to enhance guest experiences, including renovations at The Ritz-Carlton Reserve Dorado Beach and The Ritz-Carlton St. Thomas. The company extended its mortgage loan for the Ritz-Carlton Lake Tahoe and supported local recovery efforts following the Southern California fires.
More about Braemar Hotels & Resorts
Braemar Hotels & Resorts Inc. operates within the hospitality industry, focusing on luxury resort and urban hotel properties. The company is dedicated to enhancing guest experiences and driving long-term value through strategic asset management and capital investments.
YTD Price Performance: -13.95%
Average Trading Volume: 238,050
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $172.3M
For an in-depth examination of BHR stock, go to TipRanks’ Stock Analysis page.