The Gloomy Future Of Braemar Hotels And Ashford
Braemar Hotels & Resorts(BHR) Seeking Alpha·2024-04-18 08:23
Walter Bibikow/DigitalVision via Getty Images When I last covered Braemar Hotels & Resorts (NYSE:BHR), the core message was poignant; avoid the commons forever. The commons have dipped by 23% as BHR fights to address a wall of debt maturities and higher interest expenses that have heavily discombobulated its ability to earn cash on its portfolio of hotels and resorts. The REIT, externally managed by Ashford (AINC), faces a murky future with its dividend not covered. The share price collapse of AINC whos ...