Braemar Hotels & Resorts ( (BHR) ) has issued an update.
On April 3, 2025, Braemar Hotels & Resorts announced its plan to transition the Sofitel Chicago Magnificent Mile to a franchise structure, with management by Remington Hospitality. This conversion, effective in May 2025, aims to enhance property value while retaining existing employees and planning renovations over the next two years.
More about Braemar Hotels & Resorts
Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts.
YTD Price Performance: -11.22%
Average Trading Volume: 266,640
Technical Sentiment Signal: Strong Buy
Current Market Cap: $171M
For detailed information about BHR stock, go to TipRanks’ Stock Analysis page.