BRAEMAR HOTELS & RESORTS ANNOUNCES CONCLUSION OF STRATEGIC REVIEW PROCESS AND PLAN TO BECOME A SELF-MANAGED REIT AND REMAIN PUBLICLY TRADED
Braemar Hotels & Resorts (BHR) announced the conclusion of a strategic review, opting to become a self-managed REIT rather than selling the company. The firm will terminate its advisory agreement with Ashford Inc., ending the external management relationship that has defined its structure. The transition involves a near-total reconstitution of the Board, with five new independent directors replacing existing members (except CEO Richard Stockton). An independent Chairman will be appointed, and the company will hire its own management team directly.
Key figures
- Annual revenue
- $300 to $350 million
- Annual ga savings
- $25 million
- Ebitda multiple range
- 11-13x
- Portfolio asset value
- $1 billion
- Target portfolio size
- 6-8 properties
AI analysis
Red flags3 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.