BRAEMAR HOTELS & RESORTS (NYSE:BHR), Inc. is a publicly traded real estate investment trust (REIT) focused on acquiring, owning and operating upscale resort properties primarily in the United States. The company targets full-service luxury and upper upscale resorts in top leisure markets, seeking assets with strong brand recognition and significant barriers to entry. Braemar’s investment strategy emphasizes properties with established operating track records, high EBITDA margins and opportunities for capital appreciation through strategic repositioning or enhancements.
The company’s portfolio comprises a diverse collection of resort hotels situated in key destination markets such as the Northeast, Florida and California. Signature assets include historic properties and premier mountain, coastal and wellness resorts known for distinctive guest experiences, premier meeting facilities and luxury amenities. Braemar often forms strategic partnerships or joint ventures to leverage local operating expertise while maintaining a disciplined approach to asset management and capital deployment.
Founded in the late 1990s, Braemar has grown through a combination of property acquisitions, selective dispositions and targeted renovations aimed at enhancing long-term value. Over the years, the firm has completed multiple asset sales to recycle capital into higher-return opportunities, while retaining a core portfolio that aligns with its risk-adjusted return objectives. The company’s history demonstrates a consistent focus on disciplined underwriting, market-driven investment decisions and active portfolio management.
Braemar Hotels & Resorts is led by a senior management team with extensive hospitality and real estate expertise. Chief Executive Officer Robert L. Brazik brings over two decades of lodging investment and operational experience, while Chief Financial Officer James E. Rajotte oversees the company’s financial strategy and capital markets activities. The board of directors includes industry veterans and independent directors responsible for guiding corporate governance, risk management and long-term strategic planning.
