REGULATION FD DISCLOSURE On November 5, 2026, Braemar Hotels & Resorts Inc. released an investor presentation. The investor presentation is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information in this Form 8-K and Exhibits attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly s…

RESULTS OF OPERATIONS AND FINANCIAL CONDITION. On November 4, 2026, Braemar Hotels & Resorts Inc. (the “Company”) issued a press release announcing its financial results for the third quarter ended September 30, 2026. A copy of the press release is attached hereto as Exhibit 99.1. The information in this Form 8-K and Exhibits attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any fi…

Regulation FD Disclosure. On October 30, 2026, BHR Tahoe LP, a subsidiary of Braemar Hotels & Resorts Inc. (the “Company”), entered into a loan agreement with Western Alliance Bank, an Arizona corporation, to refinance existing debt relating to The Ritz-Carlton, Lake Tahoe. The loan provides for a $60 million term loan at closing and an earnout facility of up to $15 million, for a total potential loan amount of $75 million. The loan is secured by first-priority mortgages on The Ritz-Carlton,…

COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS. On October 28, 2026, BHR Scottsdale LP, BHR Scottsdale Storage LLC and BHR TRS Scottsdale LLC, indirect subsidiaries of Braemar Hotels & Resorts Inc. (the “ Company ”), completed the sale of the Four Seasons Resort Scottsdale located in Scottsdale, Arizona (the “Hotel”) pursuant to an Agreement of Purchase and Sale, dated as of September 23, 2026, with Evergreen Acquisitions, LLC, a Delaware limited liability company, as purchaser, for $372.…

REGULATION FD DISCLOSURE On October 8, 2026, the Company issued a press release entitled "Braemar Hotels & Resorts Announces Portfolio Update and 2027 Financial Outlook," announcing, among other things, updates to the Company’s portfolio and guidance on the Company’s financial outlook. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. In addition, on October 8, 2026, the Company made available an investor presentation entitled "A New Chapter for Brae…

ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT Cooperation and Settlement Agreement On October 6, 2026, Braemar Hotels & Resorts Inc. (“ Braemar ”), Ashford Hospitality Trust, Inc., and Ashford Inc. (“ Ashford ”) entered into a Cooperation and Settlement Agreement (the “ Settlement Agreement ”) with Al Shams Investments Limited (“ Al Shams ”), and, solely for certain purposes set forth therein, Wafic Rida Said (collectively with Al Shams, the “ Al Shams Parties ”). Pursuant to the Settlement Agre…

ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT On September 23, 2026 (the "Effective Date"), BHR Scottsdale LP, BHR Scottsdale Storage LLC and BHR TRS Scottsdale LLC, indirect subsidiaries of Braemar Hotels & Resorts Inc. (the "Company"), entered into an Agreement of Purchase and Sale (the "Agreement") with Evergreen Acquisitions, LLC, a Delaware limited liability company unaffiliated with the Company ("Purchaser"), for the sale of the Four Seasons Resort Scottsdale at Troon North (the "Hotel") f…

COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS. On August 12, 2026, Ashford Pier House LP and Ashford TRS Pier House LLC, indirect subsidiaries of Braemar Hotels & Resorts Inc. (the “ Company ”), completed the sale of the 142-room Pier House Resort & Spa located in Key West, Florida pursuant to an Agreement of Purchase and Sale, dated as of July 13, 2026, by and among Last Mango Owner, LLC, as purchaser, for $190.0 million in cash ($1.3 million per key), subject to customary prorations an…

RESULTS OF OPERATIONS AND FINANCIAL CONDITION. On August 5, 2026, Braemar Hotels & Resorts Inc. (the “Company”) issued a press release announcing its financial results for the second quarter ended June 30, 2026. A copy of the press release is attached hereto as Exhibit 99.1. The information in this Form 8-K and Exhibits attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing u…

COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS. On July 14, 2026, Ashford Yountville LP, Ashford Yountville II LP, Ashford Sarasota LP, Ashford TRS Sarasota Residence LLC, Ashford TRS Yountville LLC, Ashford TRS Yountville II LLC and Ashford TRS Sarasota LLC (together “Seller”), indirect subsidiaries of the Company, completed the sale of: (i) The Ritz-Carlton Sarasota located in Sarasota, Florida, (ii) the Hotel Yountville located in Yountville, California, and (iii) the Bardessono Hotel…

ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. On July 13, 2026, Ashford Pier House LP and Ashford TRS Pier House LLC, indirect subsidiaries of Braemar Hotels & Resorts Inc. (the “ Company ”), entered into an Agreement of Purchase and Sale (the “Agreement”) with Last Mango Owner LLC following the conclusion of the Study Period (as defined in the Agreement), for the sale of the Pier House Resort & Spa located in Key West, Florida for a total purchase price of $190.0 million in cash, subject to cu…

ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. On June 4, 2026, Ashford Yountville LP, Ashford Yountville II LP, Ashford Sarasota LP, Ashford TRS Sarasota Residence LLC, Ashford TRS Yountville LLC, Ashford TRS Yountville II LLC and Ashford TRS Sarasota LLC, indirect subsidiaries of Braemar Hotels & Resorts Inc. (the “ Company ”), entered into an Agreement of Purchase and Sale (the “ Agreement ”) with BRDO Property, LLC, YNTV Property, LLC, 1776 Sarasota Associates, and 1776 Sarasota Golf Associa…

COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS. On May 26, 2026, Ashford BC LP and Ashford TRS BC LLC (together “Seller”), indirect subsidiaries of Braemar Hotels & Resorts Inc. (the “Company”), completed the sale of the Park Hyatt Beaver Creek Resort & Spa located in Avon, Colorado (the “Hotel”) pursuant to an Agreement of Purchase and Sale, dated as of April 27, 2026, by and among Seller and Apres Owner, LLC, as purchaser, for $176 million in cash, subject to customary pro-rations and a…

OTHER EVENTS. On June 1, 2026, the Company repaid in full, at scheduled maturity, the outstanding principal amount of approximately $86.25 million of its 4.50% Convertible Senior Notes due 2026 (the “Notes”), together with all accrued and unpaid interest thereon. The Notes were issued pursuant to the Indenture, dated as of May 18, 2021 (the “Indenture”), between the Company and U.S. Bank National Association, as trustee (the “Trustee”). Following such repayment, all of the Company’s obligatio…

REGULATION FD DISCLOSURE. On June 1, 2026, the Company issued a press release announcing the closing of the sale of the Hotel. Additionally, the Company announced the repayment of its 4.50% Convertible Senior Notes due 2026, together with all accrued and unpaid interest thereon. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information in this

Director — Stefani Danielle Carter and Rebecca Musser: Two directors resigned from the board without any disagreement with the company.

ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. Ashford Inc. (“ AINC ”) proposed to the independent directors of the board of directors of Braemar Hotels & Resorts Inc. (the “ Company ”) to amend the Fifth Amended and Restated Advisory Agreement (as amended, the “ Amended and Restated Advisory Agreement ”). The independent directors of the board of directors of the Company agreed to the proposed amendment, and on May 21, 2026, the parties entered into Amendment No. 3 (the “ Amendment ”) to the Am…

RESULTS OF OPERATIONS AND FINANCIAL CONDITION. On May 6, 2026, Braemar Hotels & Resorts Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2026. A copy of the press release is attached hereto as Exhibit 99.1. The information in this Form 8-K and Exhibits attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing unde…

ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. On April 27, 2026, Ashford BC LP and Ashford TRS BC LLC (“ Ashford ”), indirect subsidiaries of Braemar Hotels & Resorts Inc. (the “ Company ”), entered into an Agreement of Purchase and Sale (the “ Agreement ”) with Apres Owner, LLC for the sale of Park Hyatt Beaver Creek Resort & Spa located in Avon, Colorado for $176 million in cash, subject to customary pro-rations and adjustments. The sale is expected to close in the second quarter of 2026, sub…

ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. As previously disclosed, Braemar Hotels & Resorts Inc. (the “Company”), Braemar Hospitality Limited Partnership and Braemar TRS Corporation are parties to that certain Fifth Amended and Restated Advisory Agreement, dated as of April 23, 2018 (as amended, the “Advisory Agreement”), with Ashford Inc. and Ashford Hospitality Advisors LLC (together, the “Advisor”). On March 31, 2026, the Advisor delivered written notice to the Company of the Advisor’s e…

ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. On March 13, 2026, Braemar Hotels & Resorts Inc. (the “Company”) entered into a Limited Waiver Under Advisory Agreement (the “Limited Waiver”) with Braemar Hospitality Limited Partnership (the “Operating Partnership”), Braemar TRS Corporation (“TRS”), Ashford Inc. (“AINC”) and Ashford Hospitality Advisors LLC (together with AINC, the “Advisor”). As previously disclosed, the Company, the Operating Partnership, TRS and the Advisor are parties to a Fif…

The filing pertains to the adoption of new Forms of Deferred Cash Award and does not involve any management changes.

Chief Financial Officer — Deric Eubanks: Mr. Eubanks is leaving his role as Chief Financial Officer with a successor named.

Director — Babak 'Bob' Ghassemieh: Mr. Ghassemieh resigned from the Board of Directors.

RESULTS OF OPERATIONS AND FINANCIAL CONDITION. On February 26, 2026, Braemar Hotels & Resorts Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter ended December 31, 2025. A copy of the press release is attached hereto as Exhibit 99.1.