Added to YB: 2026-06-16
Pitch date: 2026-06-12
BHR [neutral]
Braemar Hotels & Resorts Inc.
-6.61%
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
$149.0M
Pitch Price
$2.27
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.21
P/E
-2.27
EV/Sales
2.27
Sector
Hotel and Resort REITs
Category
special_situation
Braemar Hotels & Resorts: Internalizing Management
BHR (holding update): Luxury hotel REIT (~$180MM mkt cap) ending strategic review by internalizing mgmt, distancing from external mgr Ashford. Move likely to pay Ashford's $480MM termination fee w/o shareholder vote (10% holder Al Shams opposed). Sold 3 hotels for $437.5MM (12.5x EBITDA) to fund payoff. Post-internalization, subscale REIT w/ exceptional assets should attract takeover interest amid strong hotel REIT performance. Author owns large position.
Read full article (2 min)