Is BHR's Q1 2025 forecast signaling strong growth?

**Braemar Hotels & Resorts Inc. (BHR) is not currently forming a bullish signal for the first quarter of 2025**. Here's an analysis based on the available data and market insights:

1. **Recent Performance and Challenges**:
- BHR's total revenue for 2024 decreased by 1.5% to $728.4 million, primarily due to the sale of Hilton La Jolla Torrey Pines.
- The company reported a net loss of $31.1 million for Q4 2024, with a net loss attributable to common stockholders of $1.7 million, an improvement from a net loss of $27.0 million in 2023.
- BHR faced challenges due to unseasonably mild winter weather and shifts in festive event timings, impacting demand in key seasonal destinations. The Los Angeles market experienced fluctuations in demand due to the South California fires.
2. **Strategic Highlights**:
- Despite the challenges, BHR achieved a 1.9% comparable RevPAR growth in Q4 2024, marking a positive turnaround after six consecutive quarters of decline.
- The company reported a 5.3% increase in comparable total hotel revenue, driven by a strong 7% increase in group revenue.
- BHR successfully refinanced a $293 million loan, eliminating any final debt maturities for 2025, which is a positive strategic move for financial stability.
3. **Market Estimates and Forecasts**:
- The consensus estimate for BHR's Q1 2025 revenue is not currently available. However, the full-year 2024 revenue was expected to be $720.4 million, with earnings per share (EPS) expected to be -$0.71.
- Braemar Hotels & Resorts has underperformed the market so far in 2025, but the focus is on future FFO (Funds from Operations) expectations, which are crucial for investors.
4. **Conclusion and Future Outlook**:
- While BHR has shown positive signs of recovery and strategic financial management, the absence of specific Q1 2025 forecasts and the ongoing challenges in the transaction market make it difficult to conclude that a strong growth signal is imminent.
- The company's future growth will likely depend on sustaining the positive RevPAR trends, managing debt effectively, and addressing the remaining challenges in the market environment.

In summary, while BHR is showing some positive signs of recovery and growth potential, the lack of specific Q1 2025 forecasts and the ongoing challenges suggest that a strong growth signal for that quarter is not currently forming.