Braemar Hotels & Resorts, Inc. provided operating guidance for the fourth quarter of 2021. The Company expects to report occupancy of 61% for the fourth quarter of 2021 with an ADR of approximately $393 resulting in RevPAR of approximately $240. This RevPAR reflects an approximate increase of 163% compared to the fourth quarter of 2020 and an increase of approximately 7% compared to the fourth quarter of 2019.