BHR - Is Braemar Hotels & Resorts A Moat-Worthy Brand?
It has been a while, over six months, since I wrote on Ashford Hospitality Prime (formerly “AHP”), and during that time the company changed its name to Braemar Hotels & Resorts (BHR). "Braemar" pays homage to a stronghold in Scotland and the property has a golf course, two large hotels (Fife Arms and Invercauld Arms) as well as many smaller hotels and private homes offering bed and breakfast-style accommodations.
The Braemar castle has a moat and the use of the REIT’s branding suggests that the company is positioned itself defensively, “as a