Added to YB: 2025-09-09
Pitch date: 2025-09-05
BHR [bullish]
Braemar Hotels & Resorts Inc.
-3.57%
current return
Author Info
Clark Street Value is a special sits/event-driven investor. Sign up for the newsletter.
Company Info
We are a Maryland corporation formed in April 2013 that invests primarily in high revenue per available room (“RevPAR”), luxury hotels and resorts.
Market Cap
$184.9M
Pitch Price
$2.97
Price Target
4.39 (+64%)
Dividend
7.38%
EV/EBITDA
12.04
P/E
-3.13
EV/Sales
2.36
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)