Braemar Hotels & Resorts' Comparable RevPAR Rises 14.4% in Third Quarter

Braemar Hotels & Resorts Inc. improved its comparable hotel operating metrics in the third quarter of 2026, while its adjusted funds from operations loss widened on a per-share basis.

Comparable revenue per available room (RevPAR) reached $284, up 14.4% from the year-earlier quarter. Comparable Hotel EBITDA totaled $12.9 million, a 20.7% increase. The comparable Hotel EBITDA margin rose 122 basis points year over year.

Braemar previously posted preliminary figures for the 12 months ended Aug. 31, listing $385.2 million in revenue and $90.4 million in Hotel EBITDA for its continuing portfolio.

For the quarter ended Sept. 30, adjusted funds from operations (AFFO) showed a loss of $0.25 per diluted share, compared with a $0.19 loss a year earlier.