Braemar Hotels & Resorts Inc. 5.50% Series B Cumulative Convertible Preferred Stock

Braemar Hotels & Resorts, Inc. is a real estate investment trust, which engages in investing in luxury hotels and resorts. The company is headquartered in Dallas, Texas. The company went IPO on 2013-11-06. Its business objectives are to generate attractive returns on its invested capital and long-term growth in cash flow to maximize total returns to its stockholders. The firm operates in the direct hotel investment segment of the hotel lodging industry. The company owns interests in approximately 15 hotel properties in seven states, the District of Columbia, Puerto Rico and St. Thomas, U.S. Virgin Islands. The hotel properties in its portfolio are predominantly located in the United States urban and resort locations. The company owns 14 of its hotel properties directly and the remaining hotel property through an investment in a majority-owned consolidated joint venture entity. All the hotel properties in its portfolio are asset-managed by Ashford LLC. The firm's hotel properties include Capital Hilton, The Clancy, The Notary Hotel and others.