Added to YB: 2025-09-09
Pitch date: 2025-09-05
BHR [bullish]
Braemar Hotels & Resorts Inc.
+2.23%
current return
Author Info
Clark Street Value is a special sits/event-driven investor. Sign up for the newsletter.
Company Info
Braemar Hotels & Resorts Inc. is a real estate investment trust (REIT) focused on the high-growth luxury hotel and resort sector.
Market Cap
$204.0M
Pitch Price
$2.91
Price Target
4.39 (+47%)
Dividend
6.69%
EV/EBITDA
12.17
P/E
-3.45
EV/Sales
2.39
Sector
Hotel and Resort REITs
Category
special_situation
Braemar Hotels & Resort: Gross Asset Management Contract, Initiated Sales Process
BHR: Luxury hotel REIT initiated sale process after activists pushed to remove external mgmt. Portfolio includes 4 Ritz-Carlton & 1 Four Seasons properties. Gross 14.4x termination fee to Ashford creates misaligned incentives but potential upside if sold at 6-8% cap rates vs current distressed valuation. Risky stub equity play similar to BRG precedent.
Read full article (2 min)