BHR Braemar Hotels & Resorts Inc.
Price Chart
Executive Summary
Braemar Hotels & Resorts filed Amendment No. 1 to its 2025 Form 10-K to add Part III items (director/officer compensation, security ownership, related party transactions, and audit fees) that were omitted from the original filing in reliance on the proxy statement incorporation-by-reference option. The amendment also includes updated Section 302 certifications. No financial restatements, auditor changes, or going concern issues are present.
Actionable Insight
This amendment is purely administrative and adds no new financial data or restatements. Monitor for any future 8-K regarding a potential Company Sale Transaction, which could trigger the $480M termination fee to the advisor.
Key Facts
- This 10-K/A adds Part III Items 10–14 (directors, executive compensation, security ownership, related party transactions, and principal accounting fees) that were previously omitted.
- The advisory agreement includes a potential $480M termination fee (discounted from $574.83M) upon a Company Sale Transaction, with $25M additional for canceling management agreements.
- Total advisory fees paid to Ashford Inc. for 2025 were approximately $29.2M, including a base fee of $14.3M and an incentive fee of $1.4M.
- Audit fees for 2025 from BDO USA, P.C. were $685,000, unchanged from 2024.
Financial Impact
No new financial figures reported; disclosure of existing advisory fees and potential termination fee arrangements.
Risk Factors
- Potential conflicts of interest due to extensive related-party transactions with Ashford Inc. and affiliates.
- The large termination fee ($480M) could deter potential acquirers or reduce net proceeds in a sale.
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 10-K/A Filing (Primary) | 0001574085-26-000063 |
| Document: bhr2025q410-kaxex311.htm | 0001574085-26-000063 |
| Document: bhr2025q410-kaxex312.htm | 0001574085-26-000063 |
| Document: 0001574085-26-000063-index-headers.html | 0001574085-26-000063 |
| Document: 0001574085-26-000063-index.html | 0001574085-26-000063 |
| Document: 0001574085-26-000063.txt | 0001574085-26-000063 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 12, 2026
1d ago
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8-K
| $2.53 awaiting T+5 | awaiting T+5 | — | $2.17 (−14.23%) |
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Jun 10, 2026
2d ago
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8-K
| $16.80 awaiting T+5 | awaiting T+5 | — | $2.17 (−87.08%) |
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May 28, 2026
16d ago
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8-K
| $16.81 $16.66 | ▼ −0.86% | ▼ −1.18% | $2.17 (−87.09%) |
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May 22, 2026
21d ago
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8-K
| $16.60 $17.00 | ▲ +2.44% | ▲ +1.23% | $2.17 (−86.92%) |
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May 21, 2026
22d ago
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8-K
| $16.64 $16.95 | ▲ +1.86% | ▲ +0.20% | $2.17 (−86.96%) |
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Apr 30, 2026
6w ago
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8-K
| $16.50 $16.71 | ▲ +1.27% | ▼ −1.07% | $2.17 (−86.85%) |
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Apr 29, 2026
6w ago
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10-K/A
| $16.50 $16.70 | ▲ +1.21% | ▼ −0.52% | $2.17 (−86.85%) |
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Apr 23, 2026
7w ago
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8-K
| $16.40 $16.50 | ▲ +0.61% | ▼ −0.30% | $2.17 (−86.77%) |
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Apr 3, 2026
10w ago
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8-K
| $16.93 $17.35 | ▲ +2.48% | ▼ −1.65% | $2.17 (−87.18%) |
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Feb 25, 2026
15w ago
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8-K
| $3.07 $2.85 | ▼ −7.17% | ▼ −6.04% | $2.17 (−29.32%) |
US Market Status
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