Company: BHR-PD
Filing Date: 2025-04-29
Form Type: 10-K/A
Source: 0001574085-25-000040
Chunk: 38

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-04-29
Form: 10-K/A
Chunk 38
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| The Vanguard Group                   |     | 3,399,117(5)                                 |     | 5.1%             |     | —                                         |     | *                |     | —                                         |     | *                |

(1) As of March 31, 2025, there were outstanding and entitled to vote 67,046,523 shares of common stock. Ownership does not include shares of our Series C Preferred Stock, none of which have been issued. The Company has no immediate plans to issue any Series C Preferred Stock.

(2) Based on information provided by Al Shams Investments Limited in a Schedule 13G ﬁled with the SEC on November 7, 2024. Per such Schedule 13G, Al Shams Investments Limited has shared voting power over all of such shares and shared dispositive power of all of such shares. The principal business address of Al Shams Investments Limited is 5B Waterloo Lane, Pembroke HM 08, Bermuda.

(3) Based on information provided by Zazove Associates, LLC in a Schedule 13G ﬁled with the SEC on January 8, 2025. Per such Schedule 13G, Zazove Associates, LLC has sole voting power over all such shares and sole dispositive power of all of such shares. The principal business address of Zazove Associates, LLC is 1001 Tahoe Blvd., Incline Village, NV 89451.

(4) Based on information provided by BlackRock, Inc. in a Schedule 13G ﬁled with the SEC on February 7, 2025. Per such Schedule 13G, BlackRock, Inc. has sole voting power over 5,583,759 shares and sole dispositive power of all of such shares. The principal business address of BlackRock, Inc. is 50 Hudson Yards, New York, New York 10001.

(5) Based on information provided by The Vanguard Group in a Schedule 13G ﬁled with the SEC on February 13, 2024. Per such Schedule 13G, The Vanguard Group has shared voting power of 29,625 shares, sole dispositive power of 3,345,921 shares and shared dispositive power of 53,196 shares. The principal business address of The Vanguard Group is 100 Vanguard Blvd., Malvern, PA 19355.

## ITEM 13. CERTAIN RELATIONSHIPS AND