Braemar Hotels & Resorts (BHR) Misses Q4 EPS by 19c, Slight Beat on Revenues

Braemar Hotels & Resorts (NYSE: BHR) reported Q4 EPS of ($0.44), $0.19 worse than the analyst estimate of ($0.25). Revenue for the quarter came in at $98.95 million versus the consensus estimate of $98.7 million.

"We continue to diligently execute on our strategic objectives focusing on the luxury hotel segment," said Richard J. Stockton, Braemar's President and Chief Executive Officer. "We have consistently made progress throughout 2018 on the portfolio repositioning, capital investment and asset management front and remain on track with our Autograph Collection conversions at both the Courtyard Philadelphia Downtown and Courtyard San Francisco Downtown. Additionally, our recent purchase of the Ritz-Carlton Lake Tahoe is particularly attractive, and we believe the returns for our shareholders should be significantly improved via the Enhanced Return Funding Program with Ashford Inc. Looking ahead, we believe we are well-positioned to have a strong 2019."

For earnings history and earnings-related data on Braemar Hotels & Resorts (BHR) click here.

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