Braemar Hotels Reports Q3 Net Loss of $8.2 mln, RevPAR Up 1.4%

Braemar Hotels & Resorts reported a Q3 net loss of $8.2 mln, with RevPAR up 1.4%. The company operates 16 hotel properties in the US, DC, Puerto Rico, and St. Thomas, with 4,192 total rooms. Braemar's business objectives are to generate attractive returns on invested capital and long-term growth in cash flow to maximize total returns to stockholders.