<p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpan...

<p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">DALLAS</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">June 29, 2026</span> /PRNewswire/ -- Braemar Hotels &amp; Resorts Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BHR">BHR</a>) (&#34;Braemar&#34; or the &#34;Company&#34;) announced today that it has extended its $43.4 million mortgage loan secured by the 170-room Ritz-Carlton Lake Tahoe. The loan had an initial maturity date of July 15, 2026 and now has a maturity date of October 15, 2026. The extended loan is priced at SOFR + 325 basis points. A further three-month maturity extension is also available at the Company&#39;s discretion on the same terms.</p>
<p xmlns="http://www.w3.org/1999/xhtml">&#34;We are pleased to announce the extension of this mortgage loan, which addresses our only remaining 2026 maturity,&#34; said Richard Stockton, President and Chief Executive Officer. &#34;When we ultimately refinance this loan later this year, the Company will have no other final maturities until 2028. Debt financing markets continue to remain constructive, and we are hopeful that these financing terms can be improved even further.&#34;</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">About Braemar Hotels &amp; Resorts</b></p><p xmlns="http://www.w3.org/1999/xhtml">Braemar Hotels &amp; Resorts Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BHR">BHR</a>) is a real estate investment trust (REIT) focused on the high-growth luxury hotel and resort sector. The Company targets high-performance luxury urban and resort properties. Its industry-leading portfolio features luxury properties across the United States and the U.S. territories in the Caribbean. Braemar leverages deep industry expertise and disciplined asset management to drive outsized performance.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements</i></b></p><p xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">Certain statements and assumptions in this press release contain or are based upon &#34;forward-looking&#34; information and are being made pursuant to the safe harbor provisions of the federal securities regulations. Forward-looking statements are generally identifiable by use of forward-looking terminology such as &#34;may,&#34; &#34;will,&#34; &#34;should,&#34; &#34;potential,&#34; &#34;intend,&#34; &#34;expect,&#34; &#34;anticipate,&#34; &#34;estimate,&#34; &#34;approximately,&#34; &#34;believe,&#34; &#34;could,&#34; &#34;project,&#34; &#34;predict,&#34; or other similar words or expressions. Additionally, statements regarding the following subjects are forward-looking by their nature: our business and investment strategy; anticipated or expected purchases, sales or dispositions of assets; our projected operating results; completion of any pending transactions; our ability to restructure existing property-level indebtedness; our ability to secure additional financing to enable us to operate our business; our understanding of our competition; projected capital expenditures; and the impact of technology on our operations and business. Such forward-looking statements are based on our beliefs, assumptions, and expectations of our future performance taking into account all information currently known to us. These beliefs, assumptions, and expectations can change as a result of many potential events or factors, not all of which are known to us. If a change occurs, our business, financial condition, liquidity, results of operations, plans, and other objectives may vary materially from those expressed in our forward-looking statements. You should carefully consider this risk when you make an investment decision concerning our securities. These and other risk factors are more fully discussed in the Company&#39;s filings with the SEC.</i></p><p xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">The forward-looking statements included in this press release are only made as of the date of this press release. Investors should not place undue reliance on these forward-looking statements. We will not publicly update or revise any forward-looking statements, whether as a result of new information, future events or circumstances, changes in expectations or otherwise except to the extent required by law.</i></p>



<p xmlns="http://www.w3.org/1999/xhtml" id="PURL"><img xmlns="http://www.w3.org/1999/xhtml" title="Cision" width="12" height="12" alt="Cision" src="https://edge.prnewswire.com/c/img/favicon.png?sn=NY94470&amp;sd=2026-06-29"></img> View original content:<a xmlns="http://www.w3.org/1999/xhtml" id="PRNURL" rel="nofollow" href="https://www.prnewswire.com/news-releases/braemar-hotels--resorts-extends-ritz-carlton-lake-tahoe-mortgage-loan-302813686.html" target="_blank">https://www.prnewswire.com/news-releases/braemar-hotels--resorts-extends-ritz-carlton-lake-tahoe-mortgage-loan-302813686.html</a></p><p xmlns="http://www.w3.org/1999/xhtml">SOURCE Braemar Hotels &amp; Resorts, Inc.</p>

BRAEMAR HOTELS & RESORTS EXTENDS RITZ-CARLTON LAKE TAHOE MORTGAGE LOAN

Braemar extends Ritz-Carlton Tahoe loan, delaying 2026 maturity to Oct 2026

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>&lt;p xmlns=&quot;http://www.w3.org/1999/xhtml&quot;&gt;&lt;span xmlns=&quot;http://www.w3.org/1999/xhtml&quot; class=&quot;legendSpan...</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Braemar Hotels &amp; Resorts extended the $43.4 million mortgage on the Ritz-Carlton Lake Tahoe to October 15, 2026, up from July 15, 2026. The loan carries SOFR + 325 basis points with a further three-month extension option. Management expects to refinance later in 2026, potentially leaving no maturities until 2028, supporting near-term liquidity amid constructive debt markets.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Braemar extends $43.4M Ritz-Carlton Lake Tahoe mortgage to Oct 15, 2026.</li><li>Rate set at SOFR + 325 bps; three-month extension possible.</li><li>Defers 2026 maturity; refinance expected later in 2026.</li><li>CEO: no maturities before 2028 post-refinancing; markets constructive.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Braemar Hotels &amp; Resorts, Inc. (BHR)</strong>: Announces mortgage extension; improves near-term liquidity but defers 2026 maturity.</li><li><strong>Ritz-Carlton Lake Tahoe (N/A)</strong>: Collateral backing the $43.4M loan extension; asset quality supports refinancing potential.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The article outlines a financing extension affecting Braemar&#039;s debt maturity profile and liquidity strategy, a key valuation and cash-flow driver for the REIT.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Extension reduces near-term refinancing risk for BHR&#039;s Tahoe asset.</li><li>Interest cost remains elevated (SOFR + 325 bps) but manageable within guidance.</li><li>Refinancing timing in 2026 could unlock value if debt markets stay constructive.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Mortgage amount: $43.4 million.</li><li>Property: Ritz-Carlton Lake Tahoe, 170 rooms.</li><li>Original maturity: July 15, 2026; extended to October 15, 2026.</li><li>Extension option: 3-month extension available on same terms.</li><li>Post-refinancing outlook: no maturities until 2028.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish for BHR in 6–12 months as near-term refinancing risk is deferred and terms may improve.</p>
  </section>
</section>


<article>
  <section>
    <p><strong>DALLAS, June 29, 2026</strong> /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") announced today that it has extended its <strong>$43.4 million</strong> mortgage loan secured by the 170-room Ritz-Carlton Lake Tahoe. The loan had an initial maturity date of July 15, 2026 and now has a maturity date of October 15, 2026.</p>
    <p>The extended loan is priced at <strong>SOFR + 325 basis points</strong>. A further three-month maturity extension is also available at the Company's discretion on the same terms.</p>
  </section>

  <section>
    <blockquote>
      "We are pleased to announce the extension of this mortgage loan, which addresses our only remaining 2026 maturity," said Richard Stockton, President and Chief Executive Officer. "When we ultimately refinance this loan later this year, the Company will have no other final maturities until 2028. Debt financing markets continue to remain constructive, and we are hopeful that these financing terms can be improved even further."
    </blockquote>
  </section>

  <section>
    <h3>About Braemar Hotels & Resorts</h3>
    <p>Braemar Hotels & Resorts Inc. (NYSE: BHR) is a real estate investment trust (REIT) focused on the high-growth luxury hotel and resort sector. The Company targets high-performance luxury urban and resort properties. Its industry-leading portfolio features luxury properties across the United States and the U.S. territories in the Caribbean. Braemar leverages deep industry expertise and disciplined asset management to drive outsized performance.</p>
  </section>

  <section>
    <h3>Key details of the mortgage extension</h3>
    <ul>
      <li><strong>Loan amount:</strong> <strong>$43.4 million</strong></li>
      <li><strong>Property:</strong> Ritz-Carlton Lake Tahoe, a <strong>170-room</strong> hotel</li>
      <li><strong>Initial maturity date:</strong> July 15, 2026</li>
      <li><strong>New maturity date:</strong> October 15, 2026</li>
      <li><strong>Pricing:</strong> <strong>SOFR + 325 basis points</strong></li>
      <li><strong>Optional extension:</strong> A further three-month maturity extension is available at the Company's discretion on the same terms</li>
    </ul>
  </section>

  <section>
    <h3>Forward-Looking Statements</h3>
    <p><em>Certain statements and assumptions in this press release contain or are based upon "forward-looking" information and are being made pursuant to the safe harbor provisions of the federal securities regulations. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "may," "will," "should," "potential," "intend," "expect," "anticipate," "estimate," "approximately," "believe," "could," "project," "predict," or other similar words or expressions. Additionally, statements regarding the following subjects are forward-looking by their nature: our business and investment strategy; anticipated or expected purchases, sales or dispositions of assets; our projected operating results; completion of any pending transactions; our ability to restructure existing property-level indebtedness; our ability to secure additional financing to enable us to operate our business; our understanding of our competition; projected capital expenditures; and the impact of technology on our operations and business. Such forward-looking statements are based on our beliefs, assumptions, and expectations of our future performance taking into account all information currently known to us. These beliefs, assumptions, and expectations can change as a result of many potential events or factors, not all of which are known to us. If a change occurs, our business, financial condition, liquidity, results of operations, plans, and other objectives may vary materially from those expressed in our forward-looking statements. You should carefully consider this risk when you make an investment decision concerning our securities. These and other risk factors are more fully discussed in the Company's filings with the SEC.</em></p>
    <p><em>The forward-looking statements included in this press release are only made as of the date of this press release. Investors should not place undue reliance on these forward-looking statements. We will not publicly update or revise any forward-looking statements, whether as a result of new information, future events or circumstances, changes in expectations or otherwise except to the extent required by law.</em></p>
  </section>

  <section>
    <p>Source: Braemar Hotels & Resorts, Inc.</p>
  </section>
</article>

Braemar Hotels & Resorts extended the $43.4 million mortgage on the Ritz-Carlton Lake Tahoe to October 15, 2026, up from July 15, 2026. The loan carries SOFR + 325 basis points with a further three-month extension option. Management expects to refinance later in 2026, potentially leaving no maturities until 2028, supporting near-term liquidity amid constructive debt markets.

BRAEMAR HOTELS & RESORTS EXTENDS RITZ-CARLTON LAKE TAHOE MORTGAGE LOAN

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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