BRAEMAR HOTELS & RESORTS ANNOUNCES SHAREHOLDER VALUE CREATION PLAN
Braemar Hotels & Resorts Inc. (BHR)
Last braemar hotels & resorts inc. earnings: 2/26 05:10 pm
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Source: PR Newswire
DALLAS, May 6, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company"), reflecting its commitment to creating long-term value for shareholders, today announced notable capital market activities and strategic updates, including:The sale of Hilton Torrey Pines for $165 million, while evaluating the sale of two other hotels,The repayment of its remaining 2024 debt maturities,A $50 million preferred share redemption program, andA $50 million common share buyback authorizationThe Company announced today that it has signed a definitive agreement to sell the 394-room Hilton La Jolla Torrey Pines located in La Jolla, California for $165 million. Including anticipated capital expenditures of $40 million, the sale price represents a 7.2% capitalization rate on net operating income for the trailing twelve months ended March 31, 2024. The transaction is expected to be completed by August 2024, but closing is subject to several customary conditions, including
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BHR
News
- Braemar Chairman Monty J. Bennett's Smear Campaign Against Blackwells: Another Sad Reminder of His Fear of Transparency and Accountability to Shareholders [Yahoo! Finance]Yahoo! Finance
- Braemar Chairman Monty J. Bennett Defeated at Ashford Hospitality Trust, Inc.’s Annual Meeting in Broad Referendum on his Failed LeadershipGlobeNewswire
- Braemar Chairman Monty J. Bennett Defeated at Ashford Hospitality Trust, Inc.'s Annual Meeting in Broad Referendum on his Failed Leadership [Yahoo! Finance]Yahoo! Finance
- Braemar Chairman Monty J. Bennett Defeated at Ashford Hospitality Trust, Inc.’s Annual Meeting in Broad Referendum on his Failed LeadershipGlobeNewswire
- Is Braemar Hotels & Resorts (BHR) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
BHR
Earnings
- 5/9/24 - Beat
BHR
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- BHR's page on the SEC website