Braemar Hotels & Resorts Inc. files 10-K

Braemar Hotels & Resorts Inc. reported a net loss attributable to the company of $22.3 million for 2025, compared to a net loss of $1.7 million in 2024. The company recorded $54.5 million in impairment charges on three hotel properties and is exploring strategic alternatives, including a potential sale of the company or individual assets, with a significant termination fee agreed upon with its advisor, Ashford Inc.