TakeoverPE & activists

BHRBraemar Hotels & Resorts Inc.

Real Estate Investment Trusts · $89M market cap

1.2×

More likely than average to be taken private

Top 14% of the Russell 3000 for a buyout by a private-equity firm, holdco or insiders. How it works

Takeover signals

What an activist or buyer would see: cheap, overpaid, diluted or under pressure.

3of 15 firedHow well they predict deals →
12 other checks
  • TSR below peersNo
    —
    3+ of last 5 years
  • High CEO pay despite TSRNo
    —
    Median CEO pay ≥ $15M while TSR trails
  • Earnings not backed by cashNo
    —
    Cash flow under 80% of net income
  • Dilutive SBCNo
    -0% of revenue
    Over 10% of revenue
  • Goodwill-heavyNo
    —
    Over 40% of assets
  • Low revenue per employeeNo
    —
    Bottom quartile of its SIC industry
  • Quiet on AINo
    1.0 per 10K words · 35th pct
    Bottom quartile of AI mentions in 10-Ks
  • Net cashNo
    4.0× EBITDA net debt
    More cash than debt, positive EBITDA
  • Buyout-sizedNo
    $89M market cap
    Market cap $500M–$5B
  • Recurring revenueNo
    3 of 10
    10-K business scored 7+ of 10 for recurring revenue
  • AI-rollup shapedNo
    0 of 10
    10-K business scored 5+ of 10 as an AI-rollup target
  • Net insider sellingNo
    $0 net
    Net sales over $10M in 12 months

Key numbers

Revenue
$704MFY2021: $428MFY2022: $670MFY2023: $739MFY2024: $728MFY2025: $704M
3.3% YoY
Operating margin
10.3%FY2021: 0.3%FY2022: 10.2%FY2023: 8.3%FY2024: 17.7%FY2025: 10.3%
42% YoY
EBITDA
$165MFY2021: $75MFY2022: $147MFY2023: $155MFY2024: $227MFY2025: $165M
27% YoY
Net debt / EBITDA
4.0×
$652M net debt

Financials

MetricFY2021FY2022FY2023FY2024FY2025YoYTrend
Revenue$428M$670M$739M$728M$704M 3.3% FY2021: $428MFY2022: $670MFY2023: $739MFY2024: $728MFY2025: $704M
Operating income$1M$68M$62M$129M$72M 44% FY2021: $1MFY2022: $68MFY2023: $62MFY2024: $129MFY2025: $72M
Net income−$27M$18M−$27M−$2M−$22M 1218% FY2021: −$27MFY2022: $18MFY2023: −$27MFY2024: −$2MFY2025: −$22M
Operating cash flow$64M$109M$85M$67M$41M 39% FY2021: $64MFY2022: $109MFY2023: $85MFY2024: $67MFY2025: $41M
Capex$18M$354M$0——FY2021: $18MFY2022: $354MFY2023: $0
Stock-based comp$10M$11M$9M$3M−$446K 117% FY2021: $10MFY2022: $11MFY2023: $9MFY2024: $3MFY2025: −$446K
Buybacks$376K$7M$19M$369K$778K 111% FY2021: $376KFY2022: $7MFY2023: $19MFY2024: $369KFY2025: $778K
Dividends$9M$21M$53M$52M$47M 8.2% FY2021: $9MFY2022: $21MFY2023: $53MFY2024: $52MFY2025: $47M

13D filers

FiledFilerFormStakeIntent
Oct 30, 2026Al Shams Investments LTDSCHEDULE 13D/A19.0%Active
Oct 8, 2026Al Shams Investments LTDSCHEDULE 13D/A9.5%Passive
Sep 15, 2026Al Shams Investments LTDSCHEDULE 13D/A9.5%Active
Sep 8, 2026Al Shams Investments LTDSCHEDULE 13D/A19.0%Active
Jul 23, 2026Al Shams Investments LTDSCHEDULE 13D/A19.1%Passive
Jun 29, 2026Al Shams Investments LTDSCHEDULE 13D/A19.1%Passive
Jun 15, 2026Al Shams Investments LTDSCHEDULE 13D/A19.1%Active
Jun 10, 2026Al Shams Investments LTDSCHEDULE 13D/A19.1%Active
Jun 2, 2026Al Shams Investments LTDSCHEDULE 13D/A19.1%Active
May 22, 2026Al Shams Investments LTDSCHEDULE 13D/A9.6%Active

Insider trading

No open-market trades in the last 12 months.

Pay vs performance

No pay-versus-performance disclosure yet.