Braemar Hotels & Resorts Expects Over $25M In Annual Cost Savings From Self-management, From Favorable Forward Demand Trends; Expects Annual Corporate Expenses To Decrease From $42M To $15M; Guides 2027 Adj. FFO Per Diluted Share Of $0.25-$0.31; 2027 Diluted EPS Under GAAP $(0.50) - $(0.43); 2027 RevPAR Growth +4.5% To +6.5%; 2027 Total Revenues $407M-$412M

Braemar Hotels & Resorts anticipates over $25 million in annual cost savings from its transition to self-management, with corporate expenses projected to decrease from $42 million to $15 million. For 2027, the company expects adjusted FFO per diluted share to range from $0.25 to $0.31, while diluted EPS under GAAP is projected to be between $(0.50) and $(0.43). Total revenues are forecasted to be between $407 million and $412 million, with a RevPAR growth of 4.5% to 6.5%.