Braemar Hotels & Resorts

Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts. Our strategy is to invest primarily in full-service luxury hotels and resorts which are anticipated to generate RevPAR of at least twice the current U.S. average RevPAR for all hotels as determined by Smith Travel Research. We will seek to acquire both premium branded and independent hotels. We are listed on the New York Stock Exchange under the symbol BHR and are externally advised by Ashford. Braemar Hotels & Resorts embraces five guiding principles that we believe best describe what our company stands for: ethical, innovative, profitable, engaging, and tenacious. Our guiding principles are more than just a catchy phrase or slogan, they are a way of doing business. Our adherence to these standards is a key component in building a reputation of excellence and integrity.