0001104659-24-001815.txt : 20240105 0001104659-24-001815.hdr.sgml : 20240105 20240105162508 ACCESSION NUMBER: 0001104659-24-001815 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240101 FILED AS OF DATE: 20240105 DATE AS OF CHANGE: 20240105 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Coe Justin CENTRAL INDEX KEY: 0002004625 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35972 FILM NUMBER: 24516580 MAIL ADDRESS: STREET 1: 14185 DALLAS PARKWAY STREET 2: SUITE 1200 CITY: DALLAS STATE: TX ZIP: 75254 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Braemar Hotels & Resorts Inc. CENTRAL INDEX KEY: 0001574085 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 462488594 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 14185 DALLAS PARKWAY STREET 2: SUITE 1100 CITY: DALLAS STATE: TX ZIP: 75254 BUSINESS PHONE: (972) 490-9600 MAIL ADDRESS: STREET 1: 14185 DALLAS PARKWAY STREET 2: SUITE 1100 CITY: DALLAS STATE: TX ZIP: 75254 FORMER COMPANY: FORMER CONFORMED NAME: Ashford Hospitality Prime, Inc. DATE OF NAME CHANGE: 20130410 3 1 tm242099-1_3seq1.xml OWNERSHIP DOCUMENT X0206 3 2024-01-01 0 0001574085 Braemar Hotels & Resorts Inc. BHR 0002004625 Coe Justin 14185 DALLAS PARKWAY SUITE 1200 DALLAS TX 75254 0 1 0 0 Chief Accounting Officer Common Stock 607 D Series E Redeemable Preferred Stock 1111 D LTIP Units 0 Common Stock 7454 D LTIP Units 0 Common Stock 3728 D Represents special long-term incentive partnership units ("LTIP Units") in Braemar Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"), subject to certain vesting criteria. The LTIP Units reported herein are vested and exercisable. Vested LTIP Units, upon achieving parity with the Common Partnership Units, are convertible into Common Partnership Units (as defined below) at the option of the Reporting Person. See Footnote 4 discussing the convertibility of the Common Partnership Units. LTIP Units do not have an expiration date. "Common Partnership Units" are Common Limited Partnership Units of the Subsidiary and are redeemable for cash or, at the option of the Issuer, convertible into shares of the Issuer's common stock on a 1-for-1 basis. The LTIP Units reported herein vest on March 15, 2024. See Footnote 2 discussing the convertibility of vested LTIP Units. Represents unvested LTIP Units in the Subsidiary. /s/ Justin Coe 2024-01-05