# Braemar Hotels & Resorts Braemar Hotels & Resorts is an Asset Manager based in Dallas, United States. ## Overview - **Organization type:** Asset Manager - **Headquarters:** Dallas, United States - **Region:** North America - **Address:** Dallas, TX, United States - **Founded:** 2013 - **Assets under management:** Undisclosed - **Website:** braemarhotels.com ## Regulatory record - **Reports private funds:** No ## About Braemar Hotels & Resorts was established in 2013 as a spin-off from Ashford Hospitality Trust, created to hold a distinct portfolio of luxury and upper-upscale hotel properties. Richard Stockton has led the firm as President and CEO since its inception, overseeing a vehicle structured as a publicly traded real estate investment trust. The firm's strategy concentrates on direct ownership of luxury and upper-upscale hotel properties in top-tier urban and resort markets. The portfolio historically includes well-known branded assets operated under Marriott, Hilton, and other leading flags, with past holdings such as the Ritz-Carlton St. Thomas and the Park Hyatt Beaver Creek. Braemar focuses on direct real estate investments in high-barrier-to-entry U.S. markets, targeting properties where revenue per available room (RevPAR) significantly exceeds national averages. The company operates as an externally advised REIT managed by Ashford Inc., a structure that separates property ownership from management functions. In May 2024, the firm completed a 1-for-10 reverse stock split to regain compliance with NYSE continued listing standards (per SEC filing, May 2024). Braemar maintains an opportunistic investment posture, acquiring individual assets rather than portfolios and focusing on markets with strong demand drivers. Braemar's structural differentiator is its pure-play luxury hotel REIT mandate inside a public-market wrapper, a configuration that gives everyday investors fractional access to trophy hospitality assets typically reserved for private capital. The external management contract creates a distinct alignment dynamic where advisory fees are intertwined with asset performance, making the governance model a central feature of the investment case. ## Sectors - Real Estate - Luxury ## People - Richard J. Stockton — President & Chief Executive Officer ## Questions ### Who runs investment decisions at Braemar Hotels & Resorts? Richard Stockton serves as President and CEO and has led the firm since its 2013 spin-off. All major acquisition, disposition, and capital allocation decisions are executed under his leadership, with the board of directors providing oversight. The firm is externally advised by Ashford Inc., which employs the management team that directs day-to-day strategy. ### How is Braemar Hotels & Resorts related to Ashford Hospitality Trust? Braemar was spun off from Ashford Hospitality Trust in 2013 to house a portfolio of luxury and upper-upscale hotels distinct from Ashford Trust's more diversified hotel holdings. Both entities are externally advised by Ashford Inc., creating a shared management structure but separate public companies with different investment mandates and shareholder bases. ### Does Braemar participate in fund commitments or only direct deals? Braemar operates exclusively through direct property acquisitions. As a publicly traded REIT, it does not allocate capital to third-party hotel funds or private equity vehicles. All investment is direct ownership of individual hotel real estate. ### Which markets does Braemar focus on geographically? Braemar concentrates on high-barrier-to-entry U.S. markets, including coastal resort destinations, major urban centers, and gateway cities. The firm has owned properties in locations such as St. Thomas in the U.S. Virgin Islands, Beaver Creek in Colorado, and select urban luxury markets. ### How does the external management structure affect Braemar's investment posture? Braemar is externally advised by Ashford Inc., which provides the executive team and management services under a contractual arrangement. This structure creates a separation between asset ownership and operational management, with advisory fees tied to portfolio performance and investment activity, a dynamic that informs governance and incentive alignment across the platform. ## Related profiles - [Rubber Leaf Inc](https://altss.com/profile/rubber-leaf-inc) - [Treace Medical Concepts](https://altss.com/profile/treace-medical-concepts-inc) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/braemar-hotels-and-resorts-inc Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology