BRAEMAR HOTELS & RESORTS DECLARES PREFERRED DIVIDENDS FOR THE THIRD QUARTER OF 2026 (Form 8-K)

BRAEMAR HOTELS & RESORTS DECLARES

PREFERRED DIVIDENDS FOR THE THIRD QUARTER OF 2026

DALLAS, July 24, 2026 - Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced that its Board of Directors (the "Board") declared a quarterly cash dividend for the third quarter ending September 30, 2026 for the Company's 5.5% Series B Cumulative Convertible Preferred Stock equal to: $0.3438 per share, which will be paid on October 15, 2026 to stockholders of record as of September 30, 2026.

The Board declared a quarterly cash dividend for the third quarter ending September 30, 2026 for the Company's 8.25% Series D Cumulative Preferred Stock equal to: $0.5156 per share, which will be paid on October 15, 2026 to stockholders of record as of September 30, 2026.

The Board declared a monthly cash dividend for all CUSIPs of the Company's Series E Redeemable Preferred Stock, payable as follows: $0.15625 per share will be paid on August 17, 2026, to stockholders of record as of July 31, 2026; $0.15625 per share will be paid on September 15, 2026 to stockholders of record as of August 31, 2026; and $0.15625 per share will be paid on October 15, 2026 to stockholders of record as of September 30, 2026.

The Board declared a monthly cash dividend for CUSIP 10482B705 of the Company's Series M Redeemable Preferred Stock payable as follows: $0.18125 per share will be paid on August 17, 2026, to stockholders of record as of July 31, 2026; $0.18125 per share will be paid on September 15, 2026 to stockholders of record as of August 31, 2026; and $0.18125 per share will be paid on October 15, 2026 to stockholders of record as of September 30, 2026.

The Board declared a monthly cash dividend for CUSIPs 10482B887, 10482B796, 10482B861 and 10482B770 of the Company's Series M Redeemable Preferred Stock payable as follows: $0.17917 per share will be paid on August 17, 2026 to stockholders of record as of July 31, 2026; $0.17917 per share will be paid on September 15, 2026 to stockholders of record as of August 31, 2026; and $0.17917 per share will be paid on October 15, 2026 to stockholders of record as of September 30, 2026.

The Board declared a monthly cash dividend for all remaining CUSIPs of the Company's Series M Redeemable Preferred Stock payable as follows: $0.17708 per share will be paid on August 17, 2026, to stockholders of record as of July 31, 2026; $0.17708 per share will be paid on September 15, 2026 to stockholders of record as of August 31, 2026; and $0.17708 per share will be paid on October 15, 2026 to stockholders of record as of September 30, 2026.

As of June 30, 2026, there were 10,775,131 shares of the Company's Series E Redeemable Preferred Stock and 1,364,862 shares of the Company's Series M Redeemable Preferred Stock issued and outstanding.

About Braemar Hotels & Resorts

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, specializing in assets that generate revenue per available room (RevPAR) at least twice the U.S. national average. 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.