BlackRock, Inc. Increases Stake in Braemar Hotels & Resorts Inc.

BlackRock, Inc. has filed an amendment to its Schedule 13G, disclosing an increased ownership in Braemar Hotels & Resorts Inc. As of September 30, 2025, BlackRock holds 4,450,138 shares, representing 6.5% of the company's common stock. This marks a significant increase from its previous holdings, with the value of the shares rising by 94.55% to $5,167,322,240.08. The filing indicates that BlackRock has sole voting power over 4,345,657 shares and sole dispositive power over all 4,450,138 shares. The filing also notes that various persons have the right to receive dividends or proceeds from the sale of the shares, but no single person's interest exceeds 5% of the total outstanding shares. The amendment was signed by Spencer Fleming, Managing Director of BlackRock, Inc.