{"filing":{"accession_number":"0001574085-26-000087","cik":"0001574085","ticker":"BHR-PD","company_name":"Braemar Hotels \u0026 Resorts Inc.","form":"8-K","filing_date":"2026-05-22","report_date":null,"primary_document":"bhr-20260521.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1574085/000157408526000087/bhr-20260521.htm"},"events":[{"id":10696,"run_id":9383,"accession_number":"0001574085-26-000087","anchor_item_number":"1.01","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.65,"summary":"The filing discloses Amendment No. 3 to the Fifth Amended and Restated Advisory Agreement between Braemar Hotels and its advisor Ashford Inc., extending the negotiation period for revised Base Fee and Incentive Fee terms through December 31, 2026. While this is a material definitive agreement amendment affecting the company's advisory fee structure, it does not fit cleanly into the more specific event categories (not M\u0026A, not exec compensation, not a routine administrative change). The amendment's materiality lies in its potential impact on the company's operating costs and advisor relationship, warranting disclosure as a material event.","company_name":"Braemar Hotels \u0026 Resorts Inc.","ticker":"BHR-PD","filing_date":"2026-05-22","form":"8-K","submitted_at":null,"items":[{"id":7072,"accession_number":"0001574085-26-000087","item_number":"1.01","item_title":"ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.65,"reasoning":"The filing discloses Amendment No. 3 to the Fifth Amended and Restated Advisory Agreement between Braemar Hotels and its advisor Ashford Inc., extending the negotiation period for revised Base Fee and Incentive Fee terms through December 31, 2026. While this is a material definitive agreement amendment affecting the company's advisory fee structure, it does not fit cleanly into the more specific event categories (not M\u0026A, not exec compensation, not a routine administrative change). The amendment's materiality lies in its potential impact on the company's operating costs and advisor relationship, warranting disclosure as a material event.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-13T00:56:47.280146+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":7072,"accession_number":"0001574085-26-000087","item_number":"1.01","item_title":"ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.65,"reasoning":"The filing discloses Amendment No. 3 to the Fifth Amended and Restated Advisory Agreement between Braemar Hotels and its advisor Ashford Inc., extending the negotiation period for revised Base Fee and Incentive Fee terms through December 31, 2026. While this is a material definitive agreement amendment affecting the company's advisory fee structure, it does not fit cleanly into the more specific event categories (not M\u0026A, not exec compensation, not a routine administrative change). The amendment's materiality lies in its potential impact on the company's operating costs and advisor relationship, warranting disclosure as a material event.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-13T00:56:47.280146+00:00","company_name":"Braemar Hotels \u0026 Resorts Inc.","ticker":"BHR-PD","filing_date":"2026-05-22"}]}