Braemar Hotels Q2 RevPAR rises 12.3% to higher rates

Braemar Hotels & Resorts

05/08/2026 21:37

Overview
U.S. luxury hotel REIT's Q2 comparable RevPAR rose 12.3% yr/yr
Comparable Hotel EBITDA grew 14.2% yr/yr; net loss was $0.7 mln for the quarter
Company closed four property sales and agreed to sell Pier House Resort & Spa

Outlook
Company did not provide specific guidance for the current qtr or full yr

Result Drivers
RATE INCREASES - Co said Q2 top-line growth was driven primarily by higher average daily rates, with occupancy nearly flat, reflecting pricing power in supply-constrained luxury markets
PROPERTY PERFORMANCE - Cameo Beverly Hills and Ritz-Carlton Reserve Dorado Beach delivered strong RevPAR growth, helping drive portfolio results
MARGIN EXPANSION - Co reported 93 basis points of Hotel EBITDA margin expansion to 28.6%

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Loss
 
$700,000
 
Q2 Adjusted Hotel EBITDA
 
$48.40 mln
 
Q2 Comparable Total RevPAR
 
$652
 
Q2 Capex
 
$5.80 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialized reits peer group is "buy."
Wall Street's median 12-month price target for Braemar Hotels & Resorts Inc is $2.50, about 19.6% above its August 4 closing price of $2.09

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)