Braemar Reports Q3 Results, Reaffirms 2027 Guidance and Plans Self-Management
Braemar reported comparable RevPAR up 14.4% and Hotel EBITDA up 20.7% to $12.9 million. It reaffirmed 2027 Adjusted EBITDAre guidance of $85 million to $90 million and NAREIT FFO of $0.23 to $0.30 per diluted share. Its transition to self-management includes terminating its Ashford advisory agreement and is expected to cut annual G&A costs by more than $25 million.
Braemar Hotels & Resorts reported Q3 2026 financial results, including a 14.4% increase in comparable RevPAR and a 20.7% rise in Hotel EBITDA to $12.9 million. The company reaffirmed its 2027 guidance, projecting Adjusted EBITDAre between $85 million and $90 million and NAREIT FFO of $0.23 to $0.30 per diluted share. Additionally, Braemar announced a strategic transition to self-management, which involves terminating its advisory agreement with Ashford Inc. and is expected to reduce annual G&A costs by more than $25 million.
The company also provided portfolio updates, noting the sale of the Four Seasons Resort Scottsdale in October 2026.