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AI brief of an SEC Form 8-K · Braemar Hotels & Resorts Inc. (BHR)

Braemar posts Q3 net loss of $240.9 million on $480.0 million advisor termination fee

Mixed Impact 4 of 5 earnings Written later

Braemar reported a third-quarter 2026 net loss attributable to common stockholders of $240.9 million, or $3.51 per diluted share, compared with a loss of $8.2 million, or $0.12 per share, a year earlier. The loss was primarily due to a $480.0 million termination fee payable to its external advisor, while comparable RevPAR rose 14.4% and comparable Hotel EBITDA rose 20.7%. The company said it remains on track to complete its transition to a self-managed REIT in mid-November.

Key points

  • Net loss attributable to common stockholders was $240.9 million, or $3.51 per diluted share, versus a loss of $8.2 million, or $0.12 per share, in the prior-year quarter
  • Comparable RevPAR rose 14.4% to $284 and comparable Hotel EBITDA rose 20.7% to $12.9 million
  • Adjusted EBITDAre was $3.9 million versus $16.4 million a year earlier; total hotel revenue was $101.6 million versus $143.6 million
  • Cash and cash equivalents were $78.9 million at September 30, 2026; all $624.4 million of indebtedness is non-recourse

The filing

CompanyBraemar Hotels & Resorts Inc. (BHR)
Form8-K, current report
Filed with the SECNov 4, 2026, 4:03 PM ET
Accession number0001574085-26-000165

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.