Braemar Hotels & Resorts Inc.

8-K · bhr-20260604.htm iXBRL

0001574085 2026-06-04 2026-06-04 0001574085 us-gaap:CommonStockMember 2026-06-04 2026-06-04 0001574085 us-gaap:SeriesBPreferredStockMember 2026-06-04 2026-06-04 0001574085 us-gaap:SeriesDPreferredStockMember 2026-06-04 2026-06-04

 UNITED STATES
 SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
  
 FORM 8-K

 CURRENT REPORT

 PURSUANT TO SECTION 13 OR 15(D)
 OF THE SECURITIES EXCHANGE ACT OF 1934
 Date of Report (date of earliest event reported): June 4, 2026

 BRAEMAR HOTELS & RESORTS INC.
 (Exact name of registrant as specified in its charter)

 Maryland 001-35972 46-2488594
 (State or other jurisdiction of incorporation or organization) (Commission File Number) (IRS employer identification number)

 14185 Dallas Parkway
 Suite 1200
 Dallas
 Texas 75254
 (Address of principal executive offices) (Zip code)

 Registrant’s telephone number, including area code: ( 972 )  490-9600

 Not Applicable
 (Former name or former address, if changed since last report)
 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 Emerging growth company     ☐
 If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 Securities registered pursuant to Section 12(b) of the Act:
 Title of each class Trading Symbol(s) Name of each exchange on which registered
 Common Stock BHR New York Stock Exchange
 Preferred Stock, Series B BHR-PB New York Stock Exchange
 Preferred Stock, Series D BHR-PD New York Stock Exchange

 ITEM 1.01    ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

 On June 4, 2026, Ashford Yountville LP, Ashford Yountville II LP, Ashford Sarasota LP, Ashford TRS Sarasota Residence LLC, Ashford TRS Yountville LLC, Ashford TRS Yountville II LLC and Ashford TRS Sarasota LLC, indirect subsidiaries of Braemar Hotels & Resorts Inc. (the “ Company ”), entered into an Agreement of Purchase and Sale (the “ Agreement ”) with BRDO Property, LLC, YNTV Property, LLC, 1776 Sarasota Associates, and 1776 Sarasota Golf Associates, for the sale of: (i) The Ritz-Carlton Sarasota located in Sarasota, Florida, (ii) the Hotel Yountville located in Yountville, California, and (iii) the Bardessono Hotel and Spa located in Yountville, California for a total purchase price of $437.5 million in cash, subject to customary prorations and adjustments. The sale is expected to close in approximately 20-35 days, subject to customary closing conditions.

 The Agreement contains terms, conditions, covenants, representations and warranties and indemnities from each of the respective parties that are customary and typical for a transaction of this nature. Several conditions to closing on the sale remain to be satisfied, and there can be no assurance that the sale transaction will be completed on the general terms described above or at all.

 SIGNATURES
 Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

  
 BRAEMAR HOTELS & RESORTS INC.

 Dated: June 10, 2026 By: /s/ Jim Plohg
 Jim Plohg
 Executive Vice President, General Counsel & Secretary