Braemar Hotels & Resorts Inc. reported operating Results for the month of December 2021. The Company reported preliminary portfolio occupancy of 60% for the month of December 2021 with an average daily rate ("ADR") of approximately $494 resulting in RevPAR of approximately $296. This RevPAR reflects an approximate increase of 189% versus December 2020 and an increase of approximately 29% versus December 2019.