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Braemar Hotels Resorts Inc. (BHR) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2018

Braemar Hotels Resorts Inc.

HISTORY TOOLS
CIK: 1574085 Ticker: BHR

EXHIBIT 99.1

braemara06.jpg
NEWS RELEASE

Contact:
Deric Eubanks
Jordan Jennings
Joseph Calabrese
 
Chief Financial Officer
Investor Relations
Financial Relations Board
 
(972) 490-9600
(972) 778-9487
(212) 827-3772


BRAEMAR HOTELS & RESORTS REPORTS
FOURTH QUARTER AND YEAR END 2018 RESULTS
Actual RevPAR for All Hotels Increased 9.0% in the 4th Quarter
Comparable RevPAR for All Hotels Not Under Renovation Increased 7.0% in the 4th Quarter
Entered into an Enhanced Return Funding Program with Ashford Inc.
Completed Acquisition of the Ritz-Carlton Lake Tahoe
Completed Refinancing of 2-Hotel Portfolio

DALLAS - February 27, 2019 - Braemar Hotels & Resorts Inc. (NYSE: BHR) (“Braemar” or the “Company”) today reported the following results and performance measures for the fourth quarter and full year ended December 31, 2018. The comparable performance measurements for Occupancy, Average Daily Rate (ADR), Revenue Per Available Room (RevPAR), and Hotel EBITDA assume each of the hotel properties in the Company’s hotel portfolio as of December 31, 2018 were owned as of the beginning of each of the periods presented. Unless otherwise stated, all reported results compare the fourth quarter ended December 31, 2018, with the fourth quarter ended December 31, 2017 (see discussion below). The reconciliation of non-GAAP financial measures is included in the financial tables accompanying this press release.

STRATEGIC OVERVIEW
•
Focused strategy of investing in luxury hotels and resorts
•
Targets conservative leverage levels of 45% Net Debt to Gross Assets
•
Highly-aligned management team and advisory structure
•
Dividend yield of approximately 5.1%

FINANCIAL AND OPERATING HIGHLIGHTS
•
Net loss attributable to common stockholders for the quarter was $14.4 million or $0.44 per diluted share. For the full year of 2018, net loss attributable to common stockholders was $5.9 million or $0.19 per diluted share.
•
Actual RevPAR for all hotels increased 9.0% to $203.51 during the quarter
•
Comparable RevPAR for all hotels increased 3.2% to $203.51 during the quarter
•
Comparable RevPAR for all hotels not under renovation increased 7.0% to $224.16 during the quarter
•
Comparable Hotel EBITDA for all hotels not under renovation increased 13.4% during the quarter
•
Adjusted funds from operations (AFFO) was $0.15 per diluted share for the quarter
•
AFFO was $1.55 per diluted share for the full year

The following information was filed by Braemar Hotels Resorts Inc. (BHR) on Wednesday, February 27, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Braemar Hotels Resorts Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:

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Inside Braemar Hotels Resorts Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Schedule Iii - Real Estate And Accumulated Depreciation
Schedule Iii - Real Estate And Accumulated Depreciation (Details 1)
Schedule Iii - Real Estate And Accumulated Depreciation (Details)
Schedule Iii - Real Estate And Accumulated Depreciation - Narrative (Details)
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Equity
Consolidated Statements Of Operations
Commitments And Contingencies
Commitments And Contingencies (Details)
Commitments And Contingencies (Tables)
Commitments And Contingencies - Narrative (Details)
Concentration Of Risk
Concentration Of Risk (Details)
Derivative Instruments
Derivative Instruments (Details)
Derivative Instruments (Tables)
Equity
Equity (Details)
Equity (Tables)
Fair Value Measurements
Fair Value Measurements (Details)
Fair Value Measurements (Tables)
Hotel Dispositions
Hotel Dispositions (Details)
Hotel Dispositions (Tables)
Income (Loss) Per Share
Income (Loss) Per Share (Details 1)
Income (Loss) Per Share (Details)
Income (Loss) Per Share (Tables)
Income Taxes
Income Taxes (Details 1)
Income Taxes (Details 2)
Income Taxes (Details 3)
Income Taxes (Details)
Income Taxes (Tables)
Income Taxes - Narrative (Details)
Indebtedness, Net
Indebtedness, Net (Details)
Indebtedness, Net (Tables)
Indebtedness, Net - Maturities And Scheduled Amortization Of Indebtedness (Details)
Intangible Assets, Net And Intangible Liability, Net
Intangible Assets, Net And Intangible Liability, Net (Details)
Intangible Assets, Net And Intangible Liability, Net (Tables)
Investment In Hotel Properties, Net
Investment In Hotel Properties, Net (Details)
Investment In Hotel Properties, Net (Tables)
Investment In Unconsolidated Entity
Investment In Unconsolidated Entity (Details)
Investment In Unconsolidated Entity (Tables)
Note Receivable
Note Receivable (Details)
Organization And Description Of Business
Organization And Description Of Business (Details)
Redeemable Noncontrolling Interests In Operating Partnership
Redeemable Noncontrolling Interests In Operating Partnership (Details)
Redeemable Noncontrolling Interests In Operating Partnership (Tables)
Related Party Transactions
Related Party Transactions (Details)
Related Party Transactions (Tables)
Revenue
Revenue (Details)
Revenue (Tables)
Segment Reporting
Segment Reporting (Details)
Selected Financial Quarterly Data (Unaudited)
Selected Financial Quarterly Data (Unaudited) (Details)
Selected Financial Quarterly Data (Unaudited) (Tables)
Series B Cumulative Convertible Preferred Stock
Series B Cumulative Convertible Preferred Stock (Details)
Series B Cumulative Convertible Preferred Stock (Tables)
Significant Accounting Policies
Significant Accounting Policies (Details)
Significant Accounting Policies (Policies)
Stock-Based Compensation
Stock-Based Compensation (Details)
Stock-Based Compensation (Tables)
Subsequent Events
Subsequent Events (Details)
Summary Of Fair Value Of Financial Instruments
Summary Of Fair Value Of Financial Instruments (Details)
Summary Of Fair Value Of Financial Instruments (Tables)
Summary Of Fair Value Of Financial Instruments - Narrative (Details)
Ticker: BHR
CIK: 1574085
Form Type: 10-K Annual Report
Accession Number: 0001574085-19-000018
Submitted to the SEC: Fri Mar 08 2019 8:10:52 AM EST
Accepted by the SEC: Fri Mar 08 2019
Period: Monday, December 31, 2018
Industry: Real Estate Investment Trusts

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