Braemar Hotels & Resorts (BHR) announced that its Chief Financial Officer and Treasurer, Deric Eubanks, will retire in June 2026, with his employment ending on March 31. Eubanks will remain with the company as a senior managing director at Ashford Inc. through June 30 to support the sale process that began in August 2025.
Eubanks’ departure is being handled by appointing Justin Coe, the current Chief Accounting Officer, as Principal Financial Officer effective March 31. Coe will oversee all financial operations while the company continues to prepare for potential buyers and manage the $480 million advisory termination fee associated with the Ashford engagement.
BHR’s Q4 2025 results highlighted a net loss of $46 million, or $0.67 per diluted share, despite revenue of $165.6 million beating forecasts. The loss reflects the company’s ongoing investment in renovations and asset dispositions, while the resort portfolio delivered a 4.1% increase in RevPAR and a 6% rise in hotel EBITDA, underscoring the strength of its core properties.
Management emphasized that the sale process remains in early stages, with no definitive timetable. CEO Richard Stockton noted that the company has engaged Robert W. Baird & Co as its financial adviser and that the sale could ultimately maximize shareholder value, but he cautioned that no assurance exists that a transaction will occur.
The CFO transition, coupled with the sale’s $480 million termination fee, places BHR at a critical juncture. The appointment of Coe aims to preserve financial continuity while the company navigates the sale, and the strong resort performance offers a counterbalance to the net losses and headwinds from renovation costs and floating‑rate debt.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.