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Braemar Hotels & Resorts Inc. (NYSE:BHR) announced Wednesday that it has postponed its 2025 Annual Meeting of Stockholders. The meeting, which was previously scheduled for July 30, will now take place on December 15, 2025.
The company did not provide a reason for the postponement in its statement. Braemar Hotels & Resorts is a real estate investment trust based in Dallas, Texas. Its common stock and preferred shares, Series B (NYSE:BHR-PB) and Series D (NYSE:BHR-PD), are listed on the New York Stock Exchange.
This information is based on a press release statement included in the company’s filing with the Securities and Exchange Commission.
In other recent news, Braemar Hotels & Resorts reported its first-quarter 2025 earnings, showing a net loss of $2.5 million, or $0.04 per diluted share, which was better than analysts’ expectations of a $0.15 loss per share. The company’s revenue was $218.41 million, slightly below the forecasted $221.68 million. Despite this revenue shortfall, the company’s earnings per share exceeded expectations, indicating effective cost management and operational strategies. The company has been focusing on strategic renovations and cost efficiencies, which have contributed to its improved performance. Braemar Hotels & Resorts is also considering potential asset sales of one to two upper upscale properties, with proceeds possibly used for preferred equity redemptions, share buybacks, or debt retirement. Additionally, the company successfully extended the mortgage loan secured by the Ritz Carlton Lake Tahoe, improving its maturity schedule. The company has also restructured the Sofitel Chicago Magnificent Mile as a franchise, expecting an immediate uplift in the property’s value. These developments highlight Braemar’s strategic financial maneuvers and focus on enhancing its property portfolio.
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