Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Braemar Hotels & Resorts Inc. (BHR) is a publicly traded real estate investment trust (REIT) focused on owning and investing in high-end luxury hotels and resorts. The company operates within the lodging and hospitality real estate industry, targeting premium properties that cater primarily to leisure travelers, group and convention customers, and upscale business travelers. Its revenue is generated primarily through hotel room revenues, food and beverage operations, and ancillary resort services, with performance closely tied to travel demand, room rates, and occupancy levels.
The company traces its origins to its former structure under Ashford Hospitality Prime before rebranding as Braemar Hotels & Resorts Inc. in 2018 to emphasize its strategic focus on luxury and resort-oriented assets. Since then, BHR has concentrated on owning a smaller, curated portfolio of high-quality hotels, positioning itself at the upper end of the lodging market with properties often affiliated with globally recognized hotel brands.
Business Operations
Braemar Hotels & Resorts Inc. owns a portfolio of luxury hotels and resorts that are typically managed by third-party operators under long-term management agreements. Its operating model is asset-focused rather than operational, with day-to-day hotel management handled by established hospitality brands. The company’s core revenue is derived from property-level hotel operations, while capital allocation, asset management, and financing decisions are overseen at the corporate level.
The company’s properties are generally operated under major luxury brand flags, and its business relies on strategic relationships with hotel operators and brand licensors. BHR conducts its operations primarily through wholly owned subsidiaries that hold individual hotel assets, enabling property-level financing and risk management while maintaining centralized strategic oversight.
Strategic Position & Investments
Braemar’s strategic direction centers on maintaining exposure to the luxury lodging segment, which management believes offers stronger long-term pricing power and differentiated demand compared to mid-scale hotels. Growth initiatives have historically included selective acquisitions of high-end resort and urban luxury properties, as well as capital reinvestment in existing assets to enhance guest experience and competitive positioning.
The company has also pursued balance sheet optimization through asset sales, refinancing activities, and capital structure adjustments to manage leverage and liquidity. Its investment strategy emphasizes disciplined capital allocation, brand alignment with luxury operators, and exposure to experiential travel trends rather than broad portfolio expansion.
Geographic Footprint
Braemar Hotels & Resorts Inc. operates exclusively within the United States, with properties located in key urban and resort destinations. Its portfolio includes assets in major metropolitan areas and well-known leisure markets, benefiting from both domestic travel demand and international tourism flows into the U.S.
The company’s headquarters is located in Texas, and its hotel assets are spread across multiple states, providing geographic diversification while remaining focused on high-barrier, high-demand lodging markets. BHR does not currently maintain international hotel ownership but has indirect exposure to global travel trends through inbound tourism.
Leadership & Governance
Braemar is externally advised and managed by an affiliate of Ashford Inc., which provides strategic, operational, and advisory services. The leadership team emphasizes active asset management, disciplined investment practices, and a focus on long-term shareholder value through ownership of differentiated luxury properties.
Key executives include:
- Richard J. Stockton – President and Chief Executive Officer
- Deric Eubanks – Chief Financial Officer
- Monty J. Bennett – Chairman of the Board
- Jennifer S. Barnett – Executive Vice President and General Counsel
The company’s governance framework includes a board of directors responsible for oversight of strategy, risk management, and executive performance, consistent with publicly traded REIT standards.