Braemar Hotels & Resorts expects over $25M annual cost savings from self-management, guides 2027 FFO

Braemar Hotels & Resorts expects over $25M in annual cost savings from self-management and favorable forward demand trends, with annual corporate expenses decreasing from $42M to $15M. It guides 2027 adjusted FFO per diluted share of $0.25-$0.31, 2027 GAAP diluted EPS of $(0.50)-$(0.43), RevPAR growth of +4.5% to +6.5%, and total revenues of $407M-$412M.

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