Braemar Hotels & Resorts Expects Over $25M In Annual Cost Savings From Self-management, From Favorable Forward Demand Trends; Expects Annual Corporate Expenses To Decrease From $42M To $15M; Guides 2027 Adj. FFO Per Diluted Share Of $0.25-$0.31; 2027 Diluted EPS Under GAAP $(0.50) - $(0.43); 2027 RevPAR Growth +4.5% To +6.5%; 2027 Total Revenues $407M-$412M
Financial OutlookThe Company is providing one-time financial guidance so that shareholders can more fully understand the future of Braemar on a pro forma basis as it undergoes its transition.The Company’s full-year 2027
Braemar Hotels is taking over managing its own hotels to save money. They expect to cut costs by over $25 million yearly and make hotels more profitable going forward.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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