Braemar Hotels & Resorts

Richard Stockton, President & CEO, recently joined The Big Biz Show to discuss key trends in the luxury hotels and resorts industry, including interest rate shifts, the evolving REIT landscape, and more. Thank you to Bob "Sully" Sullivan, Mike Costa, and the entire BizTV team for the opportunity to share our insights on market trends and acquisition strategies. #BraemarHotels #BHR #Hotels #Resorts #LuxuryRealEstate #DebtEquity #MarketOutlook #REIT #Leadership #DebtEquity #Resorts #MarketAnalysts #BigBizShow #BizTv 

Richard Stockton, President & CEO, shares key highlights from our Q1 2024 results, highlighting the overall performance of our luxury resort portfolio and our recently announced shareholder value creation plan. We believe Braemar has a unique, well-positioned portfolio and a solid liquidity position to perform well in both the near and long term. #braemarhotels #bhr #reit #resorts #firstquarter #earnings

#CREF advisory board member Richard Stockton '92, Founder and CEO of Braemar Hotels & Resorts (BHR), has signed an agreement to sell the 394-room Hilton La Jolla Torrey Pines for $165 million to enhance long-term shareholder value. This sale is part of a broader strategy to optimize Braemar's portfolio and financial structure. Stockton emphasized the strategic importance of this sale, highlighting its role in reducing the company's dividend and interest expenses while improving capital flexibility. #BraemarHotels #RealEstateInvestment #ShareholderValue  Click here to read more: https://lnkd.in/eE2m4EnE

Today, we released our 1Q results and will host a conference call tomorrow at 11 AM ET. Richard Stockton, President & CEO, commented on the results, "Several of our resort properties delivered strong performance during the first quarter. Despite a challenging year-over-year comparison from the 2023 Super Bowl, our Four Seasons Resort Scottsdale at Troon North achieved almost 8% growth in Hotel EBITDA. Our Ritz-Carlton Reserve Dorado Beach also had a great quarter with Hotel EBITDA growth of 24% during the quarter. We are also pleased to report that we have repaid the loan on the Cameo Beverly Hills with cash on hand. As we look ahead, we believe our portfolio is well-positioned to outperform in both the near-term and long-term. We are also pleased to announce the planned sale of the Hilton La Jolla Torrey Pines at an attractive cap rate, the preferred share redemption program, and the share buyback authorization. Our recently announced shareholder value creation plan demonstrates our focus on maximizing value for our investors." For details on the call, visit: https://lnkd.in/g9BaTsFn #braemar #bhr #luxury #hotels #reit #q1 #earnings

Braemar Hotels & Resorts (BHR) to sell Hilton Torrey Pines for $165M #own

Yesterday, we announced a plan to enhance shareholder value. Richard Stockton, President & CEO, commented, "Today’s announcements reflect our commitment to reduce the Company’s dividend and interest expense, enhance our capital structure and financial flexibility, as well as create value for our shareholders. The planned sale of the Hilton La Jolla Torrey Pines at an attractive cap rate, demonstrates the high quality nature of the Braemar portfolio. We continue to be excited about the future prospects for Braemar.” #braemarhotels #bhr #reit #shareholdervalue

Bardessono Hotel and Spa was awarded Two Keys in The MICHELIN Guide's inaugural release of Key Hotels in the United States! Congratulations to the entire team on this remarkable achievement! https://lnkd.in/gH4Ync5Q

I was thrilled to have the opportunity to be a guest lecturer at Cornell University for three sections of HADM 2221/3210: "Principles of Hospitality Real Estate" with Professor Sean Flynn . It is very rewarding to talk to the next generation about the main drivers of the hotel business and give some background on my own career path and life experiences. Go Big Red! #hotel #hotelinvesting #cornell #teaching

📅 Mark your calendars! We will be hosting our Q1 earnings call on Thursday, May 9 at 11 AM ET. Find the details on how to listen to the webcast here: https://lnkd.in/g9BaTsFn #BraemarHotels #BHR #Earnings #Luxury #Resorts