 DALLAS, May 18, 2021 PRNewswire -- Braemar Hotels Resorts Inc. NYSE: BHR the Company or Braemar today announced that it has closed its previously announced private placement of 86.25 million aggregate principal amount of its 4.5 Convertible Senior Notes due 2026 the Notes, including 11.25 million aggregate principal amount of Notes sold pursuant to the exercise in full of the initial purchasers option to purchase additional Notes. The Notes pay interest semi-annually at a rate of 4.5 per annum. 