1 unchanged sentence
Hotel Properties
−Removed: As of December 31, 2024, we held ownership interests in 15 hotel properties that were included in our consolidated operations, which included direct ownership in 14 hotel properties and 75% ownership in one hotel property through equity investments with our partner.
−Removed: Thirteen of our hotel properties are located in the United States, one is located in Puerto Rico, one is located in the U.S.
+Added: As of December 31, 2025, we held ownership interests in 13 hotel properties that were included in our consolidated operations, which included direct ownership in 13 hotel properties.
+Added: Eleven of our hotel properties are located in the United States, one is located in Puerto Rico and one is located in the U.S.
Virgin Islands.
2 unchanged sentences
Fee Simple Properties
−Removed: Capital Hilton Washington, D.C.
+Added: Capital Hilton (1)
+Added: Washington, D.C.
559 100 % 559 74.32 % $ 273.86 $ 203.54
−Removed: Marriott Seattle Waterfront Seattle, WA 369 100 % 369 72.96 % 307.67 224.48
The Notary Hotel Philadelphia, PA 499 100 % 499 65.16 % 229.99 149.86
−Removed: The Clancy San Francisco, CA 410 100 % 410 66.29 % 301.79 200.05
Sofitel Chicago Magnificent Mile Chicago, IL 415 100 % 415 69.83 % 261.73 182.76
16 unchanged sentences
Total 3,028 3,028 67.37 % $ 410.00 $ 276.21
+Added: (1) The hotel was 75% majority owned by Braemar through November 2025.
(2) The above information does not include the operations of the voluntary rental program with respect to condominium units not owned by the Company.
(3) Includes 138 hotel rooms and five residences adjacent to the hotel.
−Removed: On August 1, 2023, the Company announced the rebranding and planned conversion of its Mr.
−Removed: C Beverly Hills in Los Angeles, California to the Cameo Beverly Hills.
−Removed: Following an extensive renovation, which is expected to be completed by the end of 2025, the hotel will join LXR Hotels & Resorts.
+Added: On August 1, 2023, the Company announced the rebranding and planned conversion of the hotel to the Cameo Beverly Hills.
+Added: In December 2025, after an extensive renovation was completed, the hotel joined LXR Hotels & Resorts.
(4) The above information does not include the operations of the voluntary rental program with respect to residential units not owned by the Company.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.