BRAEMAR HOTELS & RESORTS ANNOUNCES PRELIMINARY REVPAR RESULTS FOR FOURTH QUARTER 2022

BRAEMAR HOTELS & RESORTS ANNOUNCES PRELIMINARY REVPAR RESULTS FOR FOURTH QUARTER 2022

DALLAS, Jan. 6, 2023 /PRNewswire/ — Braemar Accommodations & Resorts Inc. (NYSE: BHR) (“Braemar” or the “Firm”) reported at the moment that the Firm expects to report occupancy of roughly 64% for the fourth quarter of 2022 with a median each day fee of roughly $469 leading to RevPAR of roughly $301. This RevPAR displays an approximate enhance of 8% in comparison with the fourth quarter of 2021 and an approximate enhance of 20% in comparison with the fourth quarter of 2019.

Moreover, for the month of December 2022, RevPAR elevated roughly 26% versus December 2019. For the month of November 2022, RevPAR elevated roughly 15% versus November 2019. For the month of October 2022, RevPAR elevated roughly 14% versus October 2019. The preliminary working data mentioned above assumes the 16 lodge properties owned and included within the Firm’s operations at December 31, 2022, have been owned as of the start of 2019.

Braemar Accommodations & Resorts is an actual property funding belief (REIT) centered on investing in luxurious lodges and resorts.

Ahead-Trying Statements

Sure statements and assumptions on this press launch comprise or are based mostly upon “forward-looking” data and are being made pursuant to the secure harbor provisions of the Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements on this press launch embrace, amongst others, statements in regards to the Firm’s technique and future plans. These forward-looking statements are topic to dangers and uncertainties. After we use the phrases “will seemingly consequence,” “might,” “anticipate,” “estimate,” “ought to,” “count on,” “imagine,” “intend,” or comparable expressions, we intend to determine forward-looking statements. Such statements are topic to quite a few assumptions and uncertainties, lots of that are outdoors Braemar’s management.

These forward-looking statements are topic to recognized and unknown dangers and uncertainties, which might trigger precise outcomes to vary materially from these anticipated, together with, with out limitation: the impression of COVID-19, and the speed of adoption and efficacy of vaccines to forestall COVID-19, on our enterprise and funding technique; our means to repay, refinance or restructure our debt and the debt of sure of our subsidiaries; anticipated or anticipated purchases or gross sales of property; our projected working outcomes; completion of any pending transactions; dangers related to our means to effectuate our dividend coverage, together with elements corresponding to working outcomes and the financial outlook influencing our board’s resolution whether or not to pay additional dividends at ranges beforehand disclosed or to make use of out there money to pay dividends; our understanding of our competitors; market developments; projected capital expenditures; the impression of know-how on our operations and enterprise; normal volatility of the capital markets and the market value of our frequent inventory and most well-liked inventory; availability, phrases and deployment of capital; availability of certified personnel; adjustments in our trade and the markets through which we function, rates of interest or the overall financial system; and the diploma and nature of our competitors. These and different threat elements are extra absolutely mentioned in Braemar’s filings with the Securities and Alternate Fee.

The forward-looking statements included on this press launch are solely made as of the date of this press launch. Such forward-looking statements are based mostly on our beliefs, assumptions, and expectations of our future efficiency considering all data at the moment recognized to us. These beliefs, assumptions, and expectations can change on account of many potential occasions or elements, not all of that are recognized to us. If a change happens, our enterprise, monetary situation, liquidity, outcomes of operations, plans, and different goals might range materially from these expressed in our forward-looking statements. You need to rigorously contemplate this threat if you make an funding resolution regarding our securities. Traders mustn’t place undue reliance on these forward-looking statements. The Firm may give no assurance that these forward-looking statements shall be attained or that any deviation is not going to happen. We’re not obligated to publicly replace or revise any forward-looking statements, whether or not on account of new data, future occasions or circumstances, adjustments in expectations, or in any other case, besides to the extent required by legislation.

BRAEMAR HOTELS & RESORTS ANNOUNCES PRELIMINARY REVPAR RESULTS FOR FOURTH QUARTER 2022

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SOURCE Braemar Accommodations & Resorts Inc.

DALLAS, Jan. 6, 2023 /PRNewswire/ — Braemar Accommodations & Resorts Inc. (NYSE: BHR) (“Braemar” or the “Firm”) reported at the moment that the Firm expects to report occupancy of roughly 64% for the fourth quarter of 2022 with a median each day fee of roughly $469 leading to RevPAR of roughly $301. This RevPAR displays…