Braemar Hotels & Resorts Expects Over $25M In Annual Cost Savings From Self-management, From Favorable Forward Demand Trends; Expects Annual Corporate Expenses To Decrease From $42M To $15M; Guides 2027 Adj. FFO Per Diluted Share Of $0.25-$0.31; 2027 Diluted EPS Under GAAP $(0.50) - $(0.43); 2027 RevPAR Growth +4.5% To +6.5%; 2027 Total Revenues $407M-$412M
Financial Outlook The Company is providing one-time financial guidance so that shareholders can more fully understand the future of Braemar on a pro forma basis as it undergoes its transition. The Company’s full-year 2027 outlook assumes a projected net debt balance of approximately $405 million1 and projected preferred equity outstanding of approximately $407 million2 as of December 31, 2026, and expects the following results for the year ending December 31, 2027: Full Year 2027 Guidance Low-end of range High-end of range Middle of range RevPAR Growth +4.5% +6.5% +5.5% Comparable RevPAR $ 354 $ 361 $ 358 Comparable total RevPAR $ 535 $ 542 $ 539 Total revenues (millions) $ 407 $ 412 $ 409 Operating profit margin under GAAP 7.1% 8.2% 7.7% Comparable hotel EBITDA margin 24.5% 25.4% 24.9% Capital Expenditures (% of total Revenue) 7.0% 9.0% 8.0% Based upon the above parameters, the Company estimates its 2027 guidance as follows: Low-end of range High-end of range Middle of range Net income under GAAP (millions)3 ($ 11) ($ 6) ($ 9) Adjusted EBITDAre (millions) $ 85 $ 90 $ 88 Diluted earnings per common share under GAAP3 ($ 0.50) ($ 0.43) ($ 0.47) NAREIT FFO per diluted share $ 0.23 $ 0
Financial Outlook The Company is providing one-time financial guidance so that shareholders can more fully understand the future of Braemar on a pro forma basis as it undergoes its transition. 3 million4 as of June 30, 2026. S. GAAP, net income is the residual amount of an entity's revenues and gains for a reporting period, after deducting all expenses and losses recognized on an accrual basis.
3 million shares outstanding to include 1 million shares of stock-based compensation for 2027 Richard Stockton, Braemar’s President and Chief Executive Officer, said, "With Four Seasons Resort Scottsdale under contract and our transition to self-management on schedule, Braemar is well positioned to deliver long-term value for our shareholders. " Mr. Stockton continued, "We have consistently demonstrated an ability to grow selectively and accretively. Going forward, we will remain disciplined and deliberate in evaluating opportunities to add complementary properties to our portfolio while maintaining our focus on the luxury hotel segment.
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