ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION. On January 6, 2022, Braemar Hotels & Resorts Inc. (the "Company") issued a press release announcing its preliminary operating results for the fourth quarter of 2021. A copy of the press release is attached hereto as Exhibit 99.1.

The information in this Current Report shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

ITEM 8.01 OTHER EVENTS.

The disclosure set forth under Items 2.02 and 9.01, including the press release attached as Exhibit 99.1, is incorporated herein by reference.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits

Exhibit Number Description

99.1 Press Press Release of the Company, dated January 6, 2022 104 Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101)

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