Boardroom Alpha
10-K primary document
BHR · Annual Report (Form 10-K) · Filed March 12, 2026

Braemar Hotels & Resorts Inc10-K exhibit

bhr2025q410-kxex212.htm
Document



EXHIBIT 21.2
Braemar Hotels & Resorts Inc.
Special Purpose Entities Listing as of December 31, 2025
                                

Ashford Philadelphia Annex GP LLC
Ashford Philadelphia Annex LP
CHH Capital Hotel Partners LP
Ashford TRS Philadelphia Annex LLC
CHH Capital Tenant Corp.
CHH Capital Hotel GP LLC
Ashford Chicago LP
Ashford Chicago GP LLC
Ashford TRS Chicago II LLC
Ashford Pier House LP
Ashford Pier House GP LLC
Ashford TRS Pier House LLC
Ashford Pier House Mezz B LLC
Ashford Pier House Mezz A LLC
Ashford TRS Pier House Mezz B LLC
Ashford TRS Pier House Mezz A LLC
Ashford Yountville LP
Ashford Yountville GP LLC
Ashford TRS Yountville LLC
Ashford Thomas LLC
RC Hotels (Virgin Islands), Inc.
Ashford BC LP
Ashford BC GP LLC
Ashford TRS BC LLC
Ashford Yountville Holding Company LLC
Ashford Yountville II GP LLC
Ashford Yountville II LP
Ashford TRS Yountville Holding Company LLC
Ashford TRS Yountville II LLC
Ashford Sarasota Holding Company LLC
Ashford Sarasota GP LLC
Ashford Sarasota LP
Ashford TRS Sarasota Holding Company LLC
Ashford TRS Sarasota LLC
Ashford TRS Sarasota Residence LLC
Ashford Chicago Senior Mezz LLC



Ashford Chicago Junior Mezz LLC
Ashford TRS Chicago Senior Mezz LLC
Ashford TRS Chicago Junior Mezz LLC
BHR Tahoe LP
BHR Tahoe GP LLC
BHR TRS Tahoe LLC
BHR TRS Tahoe East LLC
BHR Beverly Hills GP LLC
BHR TRS Beverly Hills LLC
BHR Beverly Hills LP
BHR Dorado LLC
BHR Dorado Holding LLC
BHR TRS Dorado LLC
BHR TRS Dorado Holding LLC
BHR Scottsdale LP
BHR Scottsdale GP LLC
BHR TRS Scottsdale LLC
BHR Scottsdale Storage LLC
Craig Ranch Luxury Hotel SPE Owner LLC
Craig Ranch Luxury Hotel SPE GP LLC
Craig Ranch TRS Lessee LLC
Craig Ranch TRS Condominium LLC


Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon.

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by Boardroom Alpha that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.

Full disclaimer