Braemar Hotels & Resorts (NYSE: BHR) is a conservatively capitalized REIT that invests primarily in high RevPAR, full-service luxury hotels and resorts. The company is externally advised by Ashford (NYSE: AINC). Its strategy is to invest primarily in full-service luxury hotels and resorts which are anticipated to generate RevPAR of at least twice the current U.S. average RevPAR for all hotels, as determined by Smith Travel Research. Ashford embraces five guiding principles which it believes best describe what the company stands for: ethical, innovative, profitable, engaging and tenacious. For more information, visit the company’s website at www.bhrreit.com
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