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Braemar Hotels & Resorts rated 'Sell' amid asset sales, debt risks, and governance issues.

Analyst Insights
09 Aug 2026
Seeking Alpha
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Bearish
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Braemar Hotels & Resorts (BHR) retains a 'Sell' rating due to concerns over its shrinking hotel portfolio and fully floating-rate debt, which increase earnings and liquidity risks. The company has crystallized a $480 million Ashford termination fee, funded by accelerated asset sales rather than balance sheet support. Governance improvements and a move to self-management have not alleviated uncertainties, including an unresolved proxy contest and absence of a common dividend, limiting upside potential for shareholders.

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