Company: BHR-PD
Filing Date: 2025-04-03
Form Type: 8-K
Source: 0001574085-25-000029
Chunk: 0

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-04-03
Form: 8-K
Item: Item 7.01
Chunk 0
---
ITEM 7.01 REGULATION FD DISCLOSURE.

On April 3, 2025, Braemar Hotels & Resorts Inc. (the “ Company”) issued a press release announcing its plans to transition the 415-room Sofitel Chicago Magnificent Mile to a franchise structure. Under the franchise structure, the hotel will continue to be the Sofitel Chicago Magnificent Mile, but will be managed by Remington Hospitality under the existing terms of its Master Hotel Management Agreement with Braemar. In connection with the conversion, which is expected to be effective in May 2025, Remington Hospitality will give offers for all employees employed on the conversion date to remain in their current positions as employees of a subsidiary of Remington Hospitality. There is no required property improvement plan associated with the conversion, but the Company does plan to renovate the lobby, restaurant, and meeting space over the next two years.

A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information in this Form 8-K and Exhibits attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.