Company: BHR-PD
Filing Date: 2025-12-08
Form Type: DEFA14A
Source: 0001104659-25-119017
Chunk: 1

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-12-08
Form: DEFA14A
Chunk 1
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 OF STOCKHOLDERS

TO BE HELD ON DECEMBER 15, 2025</div>

To the Stockholders of
Braemar Hotels & Resorts Inc.:

NOTICE IS HEREBY GIVEN
that our Board of Directors has determined to change the format of the Annual Meeting from in-person to virtual-only.

As previously announced,
the Annual Meeting will be held on Monday, December 15, 2025 at 9:00 A.M. Central Time. However, the Annual Meeting will no longer be
held at 14185 Dallas Parkway, Suite 1200, Dallas, Texas 75254 but rather will be held virtually, with attendance via the internet. You
will not be able to attend the Annual Meeting in person.

As described in the
proxy materials for the Annual Meeting previously distributed, you are entitled to participate in the Annual Meeting if you were a
holder of record of shares of common stock, Series E Preferred Stock and Series M Preferred Stock at the close of business on
October 20, 2025, the record date, or hold a legal proxy for the meeting provided by your bank, broker, or other nominee. To vote at
the Annual Meeting at www.virtualshareholdermeeting.com/BHR2025, you must enter the control number found on your proxy card, voting
instruction form or notice you previously received. You may vote during the Annual Meeting by following the instructions available
on the meeting website during the meeting. Whether or not you plan to virtually attend the Annual Meeting, we urge you to vote and
submit your proxy in advance of the meeting by one of the methods described in the proxy materials for the Annual Meeting. The proxy
card included with the proxy materials previously distributed will not be updated to reflect the change in location and may continue
to be used to vote your shares in connection with the Annual Meeting.

By Order of the Board
of Directors,

Deric S. Eubanks

Chief Financial Officer

14185 Dallas Parkway,
Suite 1200

Dallas, Texas 75254

December 5, 2025

The Annual Meeting on December 15, 2025 at 9:00 A.M., Central Time is available atwww.virtualshareholdermeeting.com/BHR2025. The Company's
Proxy Statement for the 2025 Annual Meeting of Stockholders and the Annual Report to Stockholders for the fiscal year ended December
31, 2024, including the Company's Annual Report on Form 10-K for