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                              August 8, 2022

       Deric S. Eubanks
       Chief Financial Officer
       Braemar Hotels & Resorts Inc.
       14185 Dallas Parkway
       Suite 1200
       Dallas, TX 75254

                                                        Re: Braemar Hotels &
Resorts Inc.
                                                            Form 10-K for the
year ended December 31, 2021
                                                            Filed March 10,
2022
                                                            File No. 001-35972

       Dear Mr. Eubanks:

               We have limited our review of your filing to the financial
statements and related
       disclosures and have the following comment. In our comment, we may ask
you to provide us
       with information so we may better understand your disclosure.

              Please respond to this comment within ten business days by
providing the requested
       information or advise us as soon as possible when you will respond. If
you do not believe our
       comment applies to your facts and circumstances, please tell us why in
your response.

                                                        After reviewing your
response to this comment, we may have additional comments.

       Form 10-K for the year ended December 31, 2021

       Item 7. Management's Discussion and Analysis of Financial Condition and
Results of Operations
       Non-GAAP Financial Measures, page 101

   1.                                                   Please revise your
disclosure in future periodic reports to fully explain why the measure of
                                                        Adjusted AFFO available
to common stockholders, OP unitholders, Series B Cumulative
                                                        Convertible preferred
stockholders and convertible note holders on an "as converted
                                                        basis" is useful to
investors. Specifically address why you believe a measure which
                                                        includes the conversion
of your Convertible Senior Notes aids in an understanding of your
                                                        operations. Also, while
we note that the conditions to convert the Series D cumulative
                                                        preferred stock to
common stock have not been met as of period end, your revised
                                                        disclosure should
clarify why adjustments have been made for Series B preferred stock
                                                        but not other Series of
preferred stock.
 Deric S. Eubanks
Braemar Hotels & Resorts Inc.
August 8, 2022
Page 2

       In closing, we remind you that the company and its management are
responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review,
comments, action or
absence of action by the staff.

       You may contact William Demarest at 202-551-3432 or Kristi Marrone at
202-551-3429
with any questions.



FirstName LastNameDeric S. Eubanks                        Sincerely,
Comapany NameBraemar Hotels & Resorts Inc.
                                                          Division of
Corporation Finance
August 8, 2022 Page 2                                     Office of Real Estate
& Construction
FirstName LastName