 DALLAS, May 12, 2021 PRNewswire -- Braemar Hotels Resorts Inc. NYSE: BHR the Company or Braemar, announced today that it has commenced a private placement, subject to market conditions and other factors, of 50 million aggregate principal amount of Convertible Senior Notes due 2026 the Notes. Braemar plans to grant the initial purchaser of the Notes a 13-day option to purchase up to an additional 7.5 million aggregate principal amounts of the Notes. 