Cover
Cover | 12 Months Ended |
Dec. 31, 2023 | |
Document Information [Line Items] | |
Document Type | DEFC14A |
Amendment Flag | false |
Entity Information [Line Items] | |
Entity Registrant Name | Braemar Hotels & Resorts Inc. |
Entity Central Index Key | 0001574085 |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Pay vs Performance Disclosure | ||||
Pay vs Performance Disclosure, Table | Year Summary Compensation Table Total for PEO (2) Compensation Actually Paid (5) to PEO Summary Compensation Table Total for Non-PEO NEOs (3) Average Compensation Actually Paid (5) to Non-PEO NEOs Value of Initial Fixed $100 Investment Based on: Net Income (Loss) Attributable to Common Stockholders (in thousands) Adjusted EBITDAre (in thousands) (1) Total Stockholder Return Peer Group (4) Total Stockholder Return (a) (b) (c) (d) (e) (f) (g) (h) (i) 2023 $ 1,997,705 $ 108,998 $ 760,652 $ 127,461 $ 30.35 $ 94.80 $ (74,040) $ 176,748 2022 $ 1,654,662 $ 1,656,914 $ 528,127 $ 543,101 $ 46.88 $ 76.50 $ (10,696) $ 172,408 2021 $ 2,454,338 $ 2,446,288 $ 1,497,143 $ 1,547,429 $ 57.11 $ 90.32 $ (40,004) $ 87,465 2020 $ 495,423 $ (1,288,688) $ 229,486 $ (483,842) $ 51.62 $ 76.40 $ (115,481) $ (4,535) | |||
Company Selected Measure Name | Adjusted EBITDAre | |||
Named Executive Officers, Footnote | Mr. Stockton was PEO in 2023, 2022, 2021 and 2020. 2023: Messrs. Rose, Eubanks and Nunneley; 2022: Messrs. Rose, Eubanks and Nunneley; 2021: Messrs. Robert G. Haiman, Eubanks, Nunneley and Welter; 2020: Messrs. Haiman, Eubanks, Welter and J. Robison Hays, III. | |||
Peer Group Issuers, Footnote | FTSE NAREIT Lodging & Resorts Index. | |||
PEO Total Compensation Amount | $ 1,997,705 | $ 1,654,662 | $ 2,454,338 | $ 495,423 |
PEO Actually Paid Compensation Amount | $ 108,998 | 1,656,914 | 2,446,288 | (1,288,688) |
Adjustment To PEO Compensation, Footnote | Compensation Actually Paid is the summary compensation table total for the PEO (column (b) above) and average summary compensation table total for the Non-PEO NEOs (column (d) above), as applicable, with the following adjustments to the value of equity adjusted for 2023 as follows pursuant to Item 402(v)(2)(iii)(C) of Regulation S-K: PEO Non-PEO NEOs 2023 2023 Summary Compensation Table Total $ 1,997,705 $ 760,652 SCT Reversal $ (833,875) $ (326,491) New awards outstanding $ 396,664 $ 155,308 Change in value of prior-year awards $ (856,396) $ (275,089) New awards vested during the year $ — $ 173,780 Vested prior-year awards $ (606,766) $ (364,640) Forfeitures $ — $ — Dividends $ 11,666 $ 3,941 Compensation Actually Paid $ 108,998 $ 127,461 | |||
Non-PEO NEO Average Total Compensation Amount | $ 760,652 | 528,127 | 1,497,143 | 229,486 |
Non-PEO NEO Average Compensation Actually Paid Amount | $ 127,461 | 543,101 | 1,547,429 | (483,842) |
Adjustment to Non-PEO NEO Compensation Footnote | Compensation Actually Paid is the summary compensation table total for the PEO (column (b) above) and average summary compensation table total for the Non-PEO NEOs (column (d) above), as applicable, with the following adjustments to the value of equity adjusted for 2023 as follows pursuant to Item 402(v)(2)(iii)(C) of Regulation S-K: PEO Non-PEO NEOs 2023 2023 Summary Compensation Table Total $ 1,997,705 $ 760,652 SCT Reversal $ (833,875) $ (326,491) New awards outstanding $ 396,664 $ 155,308 Change in value of prior-year awards $ (856,396) $ (275,089) New awards vested during the year $ — $ 173,780 Vested prior-year awards $ (606,766) $ (364,640) Forfeitures $ — $ — Dividends $ 11,666 $ 3,941 Compensation Actually Paid $ 108,998 $ 127,461 | |||
Compensation Actually Paid vs. Total Shareholder Return | ||||
Compensation Actually Paid vs. Net Income | Relationship Between Compensation Actually Paid (CAP) and Financial Performance Measures in the Pay Versus Performance Table | |||
Compensation Actually Paid vs. Company Selected Measure | ||||
Total Shareholder Return Vs Peer Group | ||||
Tabular List, Table | Adjusted EBITDAre 2. Revenue 3. EBITDA Flow | |||
Total Shareholder Return Amount | $ 30.35 | 46.88 | 57.11 | 51.62 |
Peer Group Total Shareholder Return Amount | 94.80 | 76.50 | 90.32 | 76.40 |
Net Income (Loss) | $ (74,040,000) | $ (10,696,000) | $ (40,004,000) | $ (115,481,000) |
Company Selected Measure Amount | 176,748,000 | 172,408,000 | 87,465,000 | (4,535,000) |
PEO Name | Mr. Stockton | |||
Measure:: 1 | ||||
Pay vs Performance Disclosure | ||||
Name | Adjusted EBITDAre | |||
Non-GAAP Measure Description | For a reconciliation of Adjusted EBITDAre to a measure under GAAP in the United States, see Annex A. | |||
Measure:: 2 | ||||
Pay vs Performance Disclosure | ||||
Name | Revenue | |||
Measure:: 3 | ||||
Pay vs Performance Disclosure | ||||
Name | EBITDA Flow | |||
PEO | S C T Reversal [Member] | ||||
Pay vs Performance Disclosure | ||||
Adjustment to Compensation, Amount | $ (833,875) | |||
PEO | New Awards Outstanding [Member] | ||||
Pay vs Performance Disclosure | ||||
Adjustment to Compensation, Amount | 396,664 | |||
PEO | Change In Value Of Prior Year [Member] | ||||
Pay vs Performance Disclosure | ||||
Adjustment to Compensation, Amount | (856,396) | |||
PEO | New Awards Vested During The Year [Member] | ||||
Pay vs Performance Disclosure | ||||
Adjustment to Compensation, Amount | 0 | |||
PEO | Vested Prior Year Awards [Member] | ||||
Pay vs Performance Disclosure | ||||
Adjustment to Compensation, Amount | (606,766) | |||
PEO | Forfeitures [Member] | ||||
Pay vs Performance Disclosure | ||||
Adjustment to Compensation, Amount | 0 | |||
PEO | Dividends [Member] | ||||
Pay vs Performance Disclosure | ||||
Adjustment to Compensation, Amount | 11,666 | |||
Non-PEO NEO | S C T Reversal [Member] | ||||
Pay vs Performance Disclosure | ||||
Adjustment to Compensation, Amount | (326,491) | |||
Non-PEO NEO | New Awards Outstanding [Member] | ||||
Pay vs Performance Disclosure | ||||
Adjustment to Compensation, Amount | 155,308 | |||
Non-PEO NEO | Change In Value Of Prior Year [Member] | ||||
Pay vs Performance Disclosure | ||||
Adjustment to Compensation, Amount | (275,089) | |||
Non-PEO NEO | New Awards Vested During The Year [Member] | ||||
Pay vs Performance Disclosure | ||||
Adjustment to Compensation, Amount | 173,780 | |||
Non-PEO NEO | Vested Prior Year Awards [Member] | ||||
Pay vs Performance Disclosure | ||||
Adjustment to Compensation, Amount | (364,640) | |||
Non-PEO NEO | Forfeitures [Member] | ||||
Pay vs Performance Disclosure | ||||
Adjustment to Compensation, Amount | 0 | |||
Non-PEO NEO | Dividends [Member] | ||||
Pay vs Performance Disclosure | ||||
Adjustment to Compensation, Amount | $ 3,941 |