Form 8-K Filing by Braemar Hotels & Resorts Inc.

Braemar Hotels & Resorts Inc. (the "Company") has filed a Form 8-K detailing two significant transactions. Firstly, on July 13, 2026, the Company entered into an Agreement of Purchase and Sale for its Pier House Resort & Spa in Key West, Florida, for a total purchase price of $190.0 million in cash. This sale is subject to customary closing conditions and there is no assurance it will be completed. Secondly, on July 14, 2026, the Company completed the sale of three hotel properties: The Ritz-Carlton Sarasota, Hotel Yountville, and Bardessono Hotel and Spa, for a combined total of $437.5 million in cash. The filing also includes unaudited pro forma financial information as of and for the periods ending March 31, 2026, and December 31, 2025, reflecting these dispositions.