Company: BHR-PD
Filing Date: 2025-04-29
Form Type: 10-K/A
Source: 0001574085-25-000040
Chunk: 50

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-04-29
Form: 10-K/A
Chunk 50
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                  |     | N/A                                            |
| Remington Hospitality                |     | Hotel management services                 |     | $                                                               |  4,089,000 |     | 100%                  |     | N/A                                            |
| Real Estate Advisory Holdings LLC(6) |     | Debt placement/real estate brokerage      |     | $                                                               |          — |     | 30%                   |     | 1/3                                            |
| Ashford Securities LLC(7)            |     | Broker/dealer and dealer manager fees     |     | $                                                               | -4,473,000 |     | 100%                  |     | 2/2                                            |
| Ashford LLC(8)                       |     | Casualty insurance                        |     | $                                                               |  1,291,000 |     | 100%                  |     | N/A                                            |

(1) As of December 31, 2024, Ashford Trust held a 15.1% noncontrolling interest in OpenKey, Inc. ("OpenKey"), and Braemar held a 7.9% noncontrolling interest in OpenKey. Ashford Inc., Ashford Trust, and Braemar loaned $2.4 million, $0 and $79,000, respectively, to OpenKey during the year ended December 31, 2024. Pursuant to the Voting Agreement, dated as of March 8, 2016, Ashford Lending Corporation or its aﬃliates may designate one member of the board of directors of OpenKey, and the holders of a majority of OpenKey's Voting Series A Preferred Stock not held by any affiliate of Ashford Inc. may appoint an additional director.

(2) On April 6, 2017, a subsidiary of Ashford Inc. acquired substantially all of the assets and certain liabilities of PRE Opco, LLC (“Pure Wellness”), a New York limited liability company that provides hypoallergenic premium room products and services to hotels and other venues, including hotels owned by us and our affiliates.

(3) On November 1, 2019, Lismore Lismore, a wholly-owned subsidiary of our advisor, was formed in order to oﬀer debt placement and related services to Ashford Trust, Braemar and third parties.

(4) Inspire Event Technologies Holdings, LLC (f/k/a Presentation Technologies LLC; “INSPIRE”) provides an integrated suite of audio-visual services