Company Sale Announcement: Braemar Hotels & Resorts Inc. has initiated a process to sell the company, forming a Special Committee of independent directors to explore strategic alternatives for maximizing shareholder value.
Strong Portfolio Performance: The company's luxury hotel portfolio has achieved significant RevPAR growth, outperforming the overall U.S. hotel industry, and includes properties under prestigious brands like Ritz-Carlton and Four Seasons.
Financial Advisor Engagement: Braemar has engaged Robert W. Baird & Co. as its financial advisor to assist in the sale process, which includes soliciting interest from potential buyers and sharing information.
Termination Fee Agreement: A letter agreement with Ashford Inc. outlines a reduced termination fee of $480 million upon a change of control, significantly lower than previous calculations due to negotiations reflecting the company's growth.
BHR
$2.92+Infinity%1D
Analyst Views on BHR
Wall Street analysts forecast BHR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BHR is 4.00 USD with a low forecast of 4.00 USD and a high forecast of 4.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
Wall Street analysts forecast BHR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BHR is 4.00 USD with a low forecast of 4.00 USD and a high forecast of 4.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
1 Hold
0 Sell
Hold
Current: 2.860
Low
4.00
Averages
4.00
High
4.00
Current: 2.860
Low
4.00
Averages
4.00
High
4.00
No data
About BHR
Braemar Hotels & Resorts Inc. is a real estate investment trust focused on investing in luxury hotels and resorts. Its business objectives are to generate attractive returns on its invested capital and long-term growth in cash flow to maximize total returns to its stockholders. The Company operates in the direct hotel investment segment of the hotel lodging industry. It owns interests in approximately 14 hotel properties in seven states, the District of Columbia, Puerto Rico and St. Thomas, U.S. Virgin Islands. The hotel properties in its portfolio are predominantly located in the United States urban and resort locations. It owns 14 of its hotel properties directly and the remaining hotel property through an investment in a majority-owned consolidated joint venture entity. All the hotel properties in its portfolio are asset-managed by Ashford LLC. The Company's hotel properties include Capital Hilton, The Notary Hotel and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
