10-Q quarterly report · filed Aug 6, 2026

Braemar Hotels & Resorts Inc. (BHR) Q2 2026 10-Q Quarterly Report

Short answer

Braemar Hotels & Resorts Inc. (BHR) filed its Q2 2026 10-Q quarterly report on Aug 6, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $171M (down 4.5% year over year) with net income of $7M.

Q2 2026 key financials · XBRL

Revenue
$171M
−4.5% YoY · −18.2% QoQ
Net income
$7M
+228.7% YoY · −60.2% QoQ
Operating margin
17.9%
EPS (diluted)
−$0.01
+95.8% YoY · −114.3% QoQ

Source: XBRL data from the Braemar Hotels & Resorts Inc. (BHR) Q2 2026 10-Q on SEC EDGAR. USD.

Braemar Hotels & Resorts Inc. Q2 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Total hotel revenue $171.0M, down $8.1M or 4.5% YoY
  • Net income attributable to Company $7.0M vs $5.5M loss YoY
  • Best comparable performer Ritz-Carlton Reserve Dorado Beach, rooms revenue up $3.3M
  • Worst comparable performer Ritz-Carlton Lake Tahoe, rooms revenue down $499,000
  • Cash deployment included $176M Park Hyatt Beaver Creek sale and $70.5M mortgage repayment

Risk Factors

  • New strategic-transition risk: June 12, 2026 self-management announcement created dependence on hotel-sale proceeds
  • Asset-sale execution risk: $190 million Pier House transaction may fail or deliver insufficient proceeds for Ashford obligations
  • Legal risk: Opposing shareholders may seek injunctions delaying sales or Advisory Agreement termination
  • Financial risk: $173.0 million paid to Ashford leaves remaining Company Sale Fee and Master Agreement Termination Fee obligations
  • Operational cost risk: Delayed termination preserves advisory fees and prevents more than $25 million annual G&A savings

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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