Braemar Hotels & Resorts, Inc.

Braemar Hotels & Resorts, Inc.

Braemar Hotels & Resorts, Inc.

Overview
Date Founded

2013

Headquarters

14185 Dallas Parkway, Suite 1100, Dallas, TX, 75254, USA

Type of Company

Public

Industries

Trusts & Funds
Real Estate
Recreation & Leisure
Real Estate Investment Trusts

Company Description

Braemar Hotels & Resorts, Inc. is a real estate investment trust, which engages in investing in luxury hotels and resorts. It focuses on the direct hotel investments, which refers to owning hotel properties through either acquisition or new development. The company was founded By Montgomery Jack Bennett in April 2013 and is headquartered in Dallas, TX.

Contact Data
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Executives & Employees

President, Chief Executive Officer & Director

Chief Financial Officer

Chief Operating Officer

Executive Vice President, General Counsel & Secretary

Chief Accounting Officer

Senior Vice President Acquisitions & Sales

Board of Directors

Founder at Ashford Hospitality Trust, Inc.

President at CNL Macquarie Global Growth Advisors LLC

Former Professional at Stefani Carter & Associates LLC

Former Senior Counsel at Dykema Cox Smith

Managing Partner at Integrated Capital LLC

President, Chief Executive Officer & Director at Braemar Hotels & Resorts, Inc.

Former Research Analyst at Precept Capital Management LLC

Independent Director at Braemar Hotels & Resorts, Inc.

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Braemar Hotels & Resorts, Inc.
Owners & Shareholders
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Ronit Capital LLP is a privately-owned, UK-based alternative investment firm which was founded by Edward Misrahi and Luis Arenzana in 2012. Headquartered in London, the firm provides investment advice to high net-worth individuals and institutional clients.

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KSL Advisors makes investments in travel and leisure businesses, including the hospitality, recreation, clubs, real estate and travel services sectors. They focus on acquisitions of historically under-managed or under-capitalized businesses, striving to unlock hidden value by re-envisioning and repositioning these enterprises. Their approach involves closely managing each investment and expanding each enterprise across a broad array of complementary businesses in order to increase revenues and cash flows. The firm uses a variety of structural approaches in our investments, including complete ownership, joint ventures, minority interests and debt financing. Their targeted investment size is $25 million but they have the resources to invest up to $500 million.

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Jones Road seeks to opportunistically invest in credit and other special situations that may arise in the traditional investment areas of corporate credit, equities, capital and business structures and events, structured credit, government credit, credit derivatives, hard assets and other financial instruments.

Recent Transactions
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Braemar Hotels & Resorts, Inc. purchases The Ritz-Carlton Hotel Co. LLC /Ritz-Carlton Lake Tahoe from Marriott International, Inc.

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Braemar Hotels & Resorts, Inc. purchases SLAB LLC /Ritz-Carlton Sarasota

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Roch Capital, Inc. purchases Ashford Hospitality Prime, Inc. /Marriott at Legacy Town Ctr from Braemar Hotels & Resorts, Inc.

Insider Transactions
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Transaction Advisors
Escrow Agent

Advised onBraemar Hotels & Resorts, Inc. issued USD Common Stock

Underwriter

Advised onBraemar Hotels & Resorts, Inc. issued USD Common Stock

Underwriter

Advised onBraemar Hotels & Resorts, Inc. issued USD Common Stock

Associate

Advised onBraemar Hotels & Resorts, Inc. issued USD Common Stock

Advisors & Consultants
Advisor

General Partner at Rolling Rock GP

Key Stats and Financials As of 2020
Market Capitalization
$256M
Total Enterprise Value
$1.35B
Earnings Per Share
$-3.39
Net Profit
$-105M
EBITDA
$-18.5M
EBITDAMargin
-8.41%
Total Debt
$1.19B
Total Equity
$396M
TEVNet Income
-12.89x
Debt TEV
0.88x
Three Year Compounded Annual Growth Rate Of Revenue
-19.07%
Enterprise Value / Sales
6.18x
Revenue
$219M
Suppliers
Marriott International, Inc. Other Business & Consulting Services | Bethesda, Maryland

Marriott International, Inc. engages in the operation and franchise of hotel, residential, and timeshare properties. It operates through the following business segments: U.S. & Canada; Asia Pacific; and Europe, Middle East and Africa (“EMEA”). The company was founded by J. Wiliard Marriot and Alice Sheets Marriott in 1927 and is headquartered in Bethesda, MD.

Hilton Worldwide Holdings, Inc. Hotels, Resorts, and Cruiselines | Mclean, VA

Hilton Worldwide Holdings, Inc. engages in the provision of hospitality businesses. It operates through the following segments: Ownership and Management & Franchise. The Ownership segment includes owned, leased, and joint venture hotels. The Management & Franchise segment manages hotels and timeshare properties, and license its brands to franchisees. The company was founded by Conrad Hilton on March 18, 2010 and is headquartered in McLean, VA.

Accor SA Other Business & Consulting Services | Issy-les-moulineaux, France

Accor SA engages in the operation and investment in hotel properties. It operates through the following business segments: Hotel Services, Hotel Assets, and New Businesses. The Hotel Services segment corresponds to AccorHotels business as a hotel manager and franchisor. The Hotel Assets segment comprises the group's owned and leased hotels. The New Businesses segment corresponds digital services for independent hotels, private luxury home rentals, digital sales, and concierge services. The company was founded by Paul Dubrule and Gérard Pélisson in 1967 and is headquartered in Issy-les-Moulineaux, France.

Competitors
RLJ Lodging Trust Trusts & Funds - Bethesda, Maryland

RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust focused on acquiring premium-branded, focused-service and compact full-service hotels. The Company's portfolio consists of 145 hotels in 21 states and the District of Columbia, with a total of more than 21,600 rooms. Our hotels are geographically diverse and concentrated in major urban areas and dense suburban markets that provide multiple demand generators from business, leisure and other travelers. At the same time, as a result of high construction costs and the density of these urban and suburban markets, these locales provide significant barriers to entry. We believe that our investment strategy and the current market environment present attractive opportunities for us to acquire additional hotels with significant upside potential. The company is a self-advised and self-administered Maryland real estate investment trust and is traded on the New York Stock Exchange under the stock symbol "RLJ". Our strategy is to invest in focused service and compact full-service hotels, which typically generate most of their revenue from room rentals, have limited food and beverage outlets and meeting space, and require fewer employees than larger hotels. We believe that such premium-branded, focused-service hotels have the potential to provide attractive returns relative to other hotel types due to their ability to generate revenue per room comparable to that of full-service hotels, while providing higher profit margins as a result of a more efficient operating model and less volatile cash flows. Our hotels operate under well-recognized global brands, including Courtyard by Marriott, Residence Inn by Marriott, Hilton Garden Inn, Homewood Suites by Hilton, Hyatt Place and Embassy Suites and we maintain strong relationships with these leading franchisors. The company became publicly-traded in May 2011 and was formed to succeed to the hotel investment and ownership platform of RLJ Development and its two remaining lodging-focused private equity funds, RLJ Lodging Fund II, LP and RLJ Real Estate Fund III, LP. RLJ Development was co-founded in 2000 by Robert L. Johnson, our Executive Chairman, and Thomas J. Baltimore, Jr., our President and Chief Executive Officer, and, over more than 10 years of operations, the company has developed significant expertise in acquiring and asset managing focused service and compact full-service hotels. Our experienced senior management team, which operated the company's predecessor, is comprised of seasoned professionals with extensive industry relationships and asset management experience that will allow us to continue to compete effectively for acquisition activities and generate strong internal growth. In addition, we plan to enhance the value of this platform by being open and transparent in our investor communications and following sound corporate governance practices

Park Hotels & Resorts, Inc. Trusts & Funds - Mclean, VA

Park Hotels & Resorts, Inc. operates as a real estate investment trust, which owns and operates hotels and resorts. It operates through the Consolidated Hotels and Unconsolidated Hotels segments. Its portfolio of hotels and resorts include the Waldorf Astoria Hotels and Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, and Curio. The company was founded by Conrad Hilton in 1919 and is headquartered in Tysons, VA.

Pebblebrook Hotel Trust Trusts & Funds - Bethesda, MD

Pebblebrook Hotel Trust is a real estate investment trust, which engages in the investments and acquisition in hotel properties. Its hotels are located in the markets like: Atlanta, Georgia; Boston, Massachusetts; Chicago, Illinois; Key West, Florida; Miami, Los Angeles, Naples, Nashville, Tennessee; New York, Philadelphia, Pennsylvania; Portland, Oregon; San Diego, California; San Francisco, Seattle, Stevenson, and Washington, D.C. The company was founded by Jon E. Bortz on October 2, 2009 and is headquartered in Bethesda, MD.

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