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Braemar Hotels & Resorts Inc. (BHR), formerly Ashford Hospitality Trust (AHP), will suspend its quarterly dividend in 2020 because of the COVID-19 pandemic. BHR last paid a 16 cent per share quarterly dividend on January 15, 2020.

Braemar Hotels & Resorts, formerly Ashford Hospitality Prime, Inc. invests in high revenue per available room, luxury, upper-upscale and upscale hotels in gateway and resort locations. BHR hotel properties include Marriott Seattle Waterfront, Sofitel Chicago Magnificent Mile, The Ritz-Carlton St. Thomas, The Ritz-Carlton Sarasota, Bardessono Hotel and Spa, The Ritz-Carlton Lake Tahoe, Pier House Resort & Spa, and Dorado Beach. BHR suspended its dividend in 2020.