BRAEMAR HOTELS & RESORTS: CEO RICHARD STOCKTON JOINS THE BOARD OF DIRECTORS OF THE AMERICAN HOTEL & LODGING ASSOCIATION

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DALLAS, January 24, 2022 – Braemar Hotels & Resorts Inc. (NYSE: BHR) (“Braemar” or the “Company”) today announced the two-year appointment of Richard Stockton, President and Chief Executive Officer of Braemar, to the Board of Directors of the American Hotel & Lodging Association (AHLA). The AHLA is the largest hospitality association in the United States representing all segments of the industry nationally. The association focuses on strategic advocacy, communications support and workforce development programs to advance the hospitality industry.

“I am extremely honored and delighted to serve on the AHLA Board of Directors,” said Richard J. Stockton, President and CEO of Braemar. “AHLA does a terrific job representing our dynamic and growing industry and I look forward to working with other board members as we work collectively to move the hospitality industry forward.”

The AHLA Board of Directors represents leaders from all sectors of the lodging industry, including brands, landlords and real estate investment trusts (REITs), management companies, independent hotels and state associations. AHLA and the hospitality industry also continued their record-breaking engagement with policymakers, growing their HotelsACT core network to nearly 60,000 people, bringing a human face to our industry, and influencing important policy decisions in Washington and around the world. state capitals and town halls across the country.

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Braemar Hotels & Resorts is a Real Estate Investment Trust (REIT) focused on investing in luxury hotels and resorts.

Forward-looking statements

Certain statements and assumptions in this press release contain or are based upon “forward-looking” information and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release include , among other things, statements about the Company’s strategy and future plans. These forward-looking statements are subject to risks and uncertainties. When we use the words “likely to result”, “may”, “plans”, “estimates”, “should”, “expects”, “believes”, “intends” or similar expressions, we mean identify forward-looking statements. These statements are subject to numerous assumptions and uncertainties, many of which are beyond Braemar’s control.

These forward-looking statements are subject to known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated, including, without limitation: the impact of COVID-19, and the rate adoption and effectiveness of vaccines to prevent COVID-19, our business and investment strategy; our ability to repay, refinance or restructure our debt and the debt of certain of our subsidiaries; planned or expected purchases or sales of assets; our projected operating results; the completion of any pending transactions; our understanding of our competition; market trends; projected capital expenditures; the impact of technology on our operations and business; general volatility in financial markets and the market price of our common stock and preferred stock; the availability, terms and deployment of capital; availability of qualified personnel; changes in our industry and the markets in which we operate, interest rates or the general economy; and the degree and nature of our competition. These and other risk factors are discussed more fully in Braemar’s filings with the Securities and Exchange Commission.

Forward-looking statements included in this press release speak only as of the date of this press release. These forward-looking statements are based on our beliefs, assumptions and expectations about our future performance taking into account all information currently available to us. These beliefs, assumptions and expectations may change due to many potential events or factors, not all of which are known to us. If a change occurs, our business, financial condition, liquidity, results of operations, plans and other objectives may differ materially from those expressed in our forward-looking statements. You should carefully consider this risk when making an investment decision regarding our securities. Investors should not place undue reliance on these forward-looking statements. The Company cannot guarantee that these forward-looking statements will be achieved or that no deviations will occur. We are under no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or circumstances, changes in expectations or otherwise, except to the extent required by law. law.

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Braemar Hotel & Resorts Inc. published this content on January 24, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on January 24, 2022 1:23:06 PM UTC.

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Analyst Recommendations for BRAEMAR HOTELS & RESORTS, INC.
Sales 2021 417M

Net income 2021 -44.1M

Net debt 2021 1,029 million

PER 2021 ratio -6.30x
2021 performance
Capitalization 331M
331M
EV / Sales 2021 3.26x
EV / Sales 2022 2.59x
# of employees
Floating 80.7%

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