{"filing":{"accession_number":"0001574085-26-000093","cik":"0001574085","ticker":"BHR-PD","company_name":"Braemar Hotels \u0026 Resorts Inc.","form":"8-K","filing_date":"2026-06-01","report_date":null,"primary_document":"bhr-20260526.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1574085/000157408526000093/bhr-20260526.htm"},"events":[{"id":7936,"run_id":6967,"accession_number":"0001574085-26-000093","anchor_item_number":"2.01","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"summary":"Braemar Hotels completed the sale of Park Hyatt Beaver Creek Resort \u0026 Spa for $176 million in cash on May 26, 2026, with net proceeds of approximately $104.5 million after repayment of a $70.5 million mortgage. The company used proceeds from this material asset disposition to repay approximately $86.25 million in convertible senior notes at their scheduled maturity on June 1, 2026.","company_name":"Braemar Hotels \u0026 Resorts Inc.","ticker":"BHR-PD","filing_date":"2026-06-01","form":"8-K","submitted_at":null,"items":[{"id":3323,"accession_number":"0001574085-26-000093","item_number":"2.01","item_title":"COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"The filing discloses completion of a material asset disposition: the sale of Park Hyatt Beaver Creek Resort \u0026 Spa for $176 million in cash on May 26, 2026. The transaction involved repayment of a $70.5 million mortgage and retention of approximately $104.5 million in net proceeds, representing a significant capital event that would materially affect a reasonable investor's assessment of the company's asset base, liquidity, and financial position.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-02T03:07:03.976231+00:00","company_name":"","ticker":null,"filing_date":""},{"id":3324,"accession_number":"0001574085-26-000093","item_number":"7.01","item_title":"REGULATION FD DISCLOSURE.","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.85,"reasoning":"The filing discloses the closing of a hotel sale and concurrent repayment of convertible senior notes. The sale of a material asset constitutes a disposition under Item 1.02/2.01 (M\u0026A activity), and the debt repayment signals a significant capital event. While disclosed under Item 7.01 (Regulation FD), the substance is a material asset disposition that would affect investor assessment of the company's asset base and capital structure.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-02T03:07:03.976231+00:00","company_name":"","ticker":null,"filing_date":""},{"id":3325,"accession_number":"0001574085-26-000093","item_number":"8.01","item_title":"OTHER EVENTS.","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.72,"reasoning":"The filing discloses the full repayment and satisfaction of approximately $86.25 million in convertible senior notes at scheduled maturity on June 1, 2026, funded by proceeds from a hotel disposition. While debt repayment at maturity is routine, the material scale ($86.25M), the use of asset sale proceeds to fund it, and the context of the company's exploration of a potential sale (referenced in the Amendment discussion) make this a material event affecting the company's capital structure and liquidity position. The disclosure does not fit neatly into the more specific categories (not a covenant breach, not a restatement, not M\u0026A activity per se), warranting classification as other_material.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-02T03:07:03.976231+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":3323,"accession_number":"0001574085-26-000093","item_number":"2.01","item_title":"COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"The filing discloses completion of a material asset disposition: the sale of Park Hyatt Beaver Creek Resort \u0026 Spa for $176 million in cash on May 26, 2026. The transaction involved repayment of a $70.5 million mortgage and retention of approximately $104.5 million in net proceeds, representing a significant capital event that would materially affect a reasonable investor's assessment of the company's asset base, liquidity, and financial position.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-02T03:07:03.976231+00:00","company_name":"Braemar Hotels \u0026 Resorts Inc.","ticker":"BHR-PD","filing_date":"2026-06-01"},{"id":3324,"accession_number":"0001574085-26-000093","item_number":"7.01","item_title":"REGULATION FD DISCLOSURE.","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.85,"reasoning":"The filing discloses the closing of a hotel sale and concurrent repayment of convertible senior notes. The sale of a material asset constitutes a disposition under Item 1.02/2.01 (M\u0026A activity), and the debt repayment signals a significant capital event. While disclosed under Item 7.01 (Regulation FD), the substance is a material asset disposition that would affect investor assessment of the company's asset base and capital structure.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-02T03:07:03.976231+00:00","company_name":"Braemar Hotels \u0026 Resorts Inc.","ticker":"BHR-PD","filing_date":"2026-06-01"},{"id":3325,"accession_number":"0001574085-26-000093","item_number":"8.01","item_title":"OTHER EVENTS.","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.72,"reasoning":"The filing discloses the full repayment and satisfaction of approximately $86.25 million in convertible senior notes at scheduled maturity on June 1, 2026, funded by proceeds from a hotel disposition. While debt repayment at maturity is routine, the material scale ($86.25M), the use of asset sale proceeds to fund it, and the context of the company's exploration of a potential sale (referenced in the Amendment discussion) make this a material event affecting the company's capital structure and liquidity position. The disclosure does not fit neatly into the more specific categories (not a covenant breach, not a restatement, not M\u0026A activity per se), warranting classification as other_material.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-02T03:07:03.976231+00:00","company_name":"Braemar Hotels \u0026 Resorts Inc.","ticker":"BHR-PD","filing_date":"2026-06-01"}]}