Braemar Amends Advisory Agreement for Future Company Sale

Braemar Hotels & Resorts ( (BHR) ) just unveiled an announcement.

On December 22, 2025, Braemar Hotels & Resorts Inc. and its operating partnership amended a prior letter agreement with their external advisor, Ashford Inc. and Ashford Hospitality Advisors LLC, to clarify the terms and payment mechanics of termination and related fees tied to any future sale or change of control of the company. The amendment confirms that a “Company Sale Transaction” is a change of control under the advisory agreement, specifies that the agreed $480 million Company Sale Fee plus accrued fees will be paid directly to the advisor from net sale proceeds before any other distributions, and sets rules for applying proceeds from multiple asset sales until these obligations are fully satisfied, including the $25 million master agreement termination fee where applicable; it also provides that, once all such fees are paid, either party may terminate the advisory agreement on 60 days’ notice, and mandates direct payment of necessary proceeds to the advisor and termination of the master management agreements upon large asset sales or shareholder-approved liquidation, thereby tightening fee priority and structure in any future strategic transaction.

The most recent analyst rating on (BHR) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Braemar Hotels & Resorts stock, see the BHR Stock Forecast page.

Spark’s Take on BHR Stock

According to Spark, TipRanks’ AI Analyst, BHR is a Neutral.

The overall stock score reflects significant financial challenges, including declining revenues and high leverage, despite operational efficiencies and strong cash flow management. Positive technical indicators and strategic corporate actions provide some optimism, but valuation concerns and mixed earnings results weigh on the score.

To see Spark’s full report on BHR stock, click here.

More about Braemar Hotels & Resorts

Braemar Hotels & Resorts Inc. is a lodging-focused real estate investment trust that, through its operating subsidiary Braemar Hospitality Limited Partnership, owns and invests in luxury hotels and resorts, relying on an external advisory model with Ashford Inc. and Ashford Hospitality Advisors LLC providing advisory services, and affiliated entities managing project and hotel operations under master agreements.

Average Trading Volume: 455,640

Technical Sentiment Signal: Buy

Current Market Cap: $197.8M

Learn more about BHR stock on TipRanks’ Stock Analysis page.