<SEC-DOCUMENT>0000000000-18-027863.txt : 20181004
<SEC-HEADER>0000000000-18-027863.hdr.sgml : 20181004
<ACCEPTANCE-DATETIME>20180907160257
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000000000-18-027863
CONFORMED SUBMISSION TYPE:	UPLOAD
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20180907

FILED FOR:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Braemar Hotels & Resorts Inc.
		CENTRAL INDEX KEY:			0001574085
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				462488594
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		UPLOAD

	BUSINESS ADDRESS:	
		STREET 1:		14185 DALLAS PARKWAY
		STREET 2:		SUITE 1100
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75254
		BUSINESS PHONE:		(972) 490-9600

	MAIL ADDRESS:	
		STREET 1:		14185 DALLAS PARKWAY
		STREET 2:		SUITE 1100
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75254

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Ashford Hospitality Prime, Inc.
		DATE OF NAME CHANGE:	20130410
PUBLIC REFERENCE ACCESSION NUMBER:		0001574085-18-000019
</SEC-HEADER>
<DOCUMENT>
<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.pdf
<TEXT>
<PDF>
begin 644 filename1.pdf
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M(RQ!Q_50)/W#N!<5-(.E]R.O5Q4]U&FQH+P4W$JCBRY>Z_?]9B!53%3;$KB
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MXC ,P_RQ%"NNKJX(H+"XF@#73);D8-@N?PD9-U32(&0+F(:MR!B%"%6:'F#
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MX'3_U\D64+#EA+T(3ENEW>I7P^DN.&./4\K"%E; \\48YLM4@Q'1AOS?V!M
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M4[M-<'!.#0';AO]"</*:B99 <$8,AOD:1>IZE%@H8 #G9Q<=#T=]00WAGWK
M O9&Y9:D+?+$NL\AXX3+A+-9L-3%>)68@C-LG)]VJ9&3B[*K:0PS:^2 (0*7
M[#9%@8F8D"U[<=H^F^ TQ1@RDRBE4N?9I49[K-0@Y5-IAQ'5;=X/PS!_&X^/
MFP%3*A9& YN;U1&Z=PVG7=OOEIR2'#[J]OKN2EFJ>&;=)T$C_LV:D)OG= G.
MB$Z9*_YET !0"J0N." ;)%C7_I]$3(X]+KMD$QQ[JHPZ39PW00,-RJXF>ZPU
M;52Q@<,P7Z)*1:]^&(%#1H[0M73?5E4F&%C3WKZ%]KH+@*X63'*SEGH#"G,Q
M)GA-R,C\IE2_HKMFL=C6>Z\NWTP#!5UCYXO&_<,6E$R"H\[09WV[63+>K6.'
M9SA97H(2-\5P<\B29G:N.W%/U=:SJ[7WH[E+^-8G@6'^1#P^=PI2H6EM'EJ/
M4+6:?H]T)"LA?)<CH3AH)I0CWWX6,)[?-++QML=>ZV_:$_,?H*1@K77G-,P:
M0IB"D]K?/>5,#&%)Q\N'$^KNR_J8\NM=66F/+J3MJSSW<^#6IF3@WWT_97T_
M&KCPPTJJ.3AK>=XGPWR9BB,X\9S3YH0[PAJ6!4C5.[O>4+](DS.;VU:[S\2.
MO,&9/"$^6E&.Q*,XS'\&'K!AF._%BS3<%%U4DJM9GN&L +%ZZY4P7W^]2Q(P
M!?":X-EGX]#>R0-2,=N\YE$<AF&8ST2UWC\)2Y+3.OR"*4>FJPO'=QR$&DQP
M0GYQDG6Q0B4?:D\S0"2*FTUS@+=JCZ,X/-.!81CF$Z%\T+))0*+14@P;35O^
MC@ A@,Y%*0"AON#MJJ$I5FP&#L8,K2%:@Y%"?GZ.-+C[CTXX91B&8?XM#$:I
M>DP<50/%?Z9K2K-FX$0!+C75<=?4O'\+=)L%9_,1I'3G[/ ,S9CR8Q)Z ,!I
M.0'8<\XP#/-Y%'1O65^M0D<6CNF?$0-]A;8H*)S=0,%DOU@(&AURLLE)UL+'
MO1:):Q_RT+'89_SDK_KN&(9AF/\@7N2C:IEZ;<,#X\24W%=(0@N3<7J#KRE8
M^!7%*4:84D4L%E2,L*>_*@"YZ9S2.D:E%,4.F%]4-89A&.8_C#(X'P:#DDEQ
MO#_B+5L(6*P &H22KGKGX._/M4X (>:H7#.6D@:XI*-R.(H3K9I3!!V69N.P
M 89AF$^#"@*8.6V[1'<<]Z(T7F@'H+6,TI9H _S=?+D!5+*!ZDD;(U6X!@5D
M$*@_<>8/0??:2[I>AF$8YG?'X0"]]G[F\]!'>NGM/2B+WYND5([.B[^7?0;S
M9)F8%:;5$C(D>1,T"E3#;/+2H:LMZ..PG&V 81CFTU#8M5-% D\3<6+K_U]6
MRE(H',1168/'+#1_0W&J!:,@-NL(\X*JH%\FD-)<G-RDJ$_%P;*C 3B'",,P
MS&=1MO&:&HV 6L7#1'^/I;*$,=(;(;50\//AT19\%"&"T4H )OA],5ZJ$F&5
M)8@*5R@<I\8P#/-A>!R>+QHP'KDFS&CCGU*9)1&]%."UL)C_%T=CKHI0,Q8/
M>35+FGVCG+'-RI$.*QV8_#"KTS>-R2*T;5!R891 S7%J#,,PGP7F+2O8RQNJ
M,QW*8=1#5Y]!*(O6B6J:T8P=+:Z5?8.BI/"O=HEKUI !D%9:#YC;/3YXX]K6
MZZ&A;T,X]/ YKJO(, SS463INK^,L@ 8LC3<PWHCU9I2RFE<6:.U,B6AY/9#
MXV--%F[Q!D$8&643*Z&U;+(3E'C2,XTJ8WO]D:9'.AZ%4T8S#,-\%#3A1;F<
M1IDKU=3GR;2HRGB%/C4/VF@LT*9654:/EHGL3K9PG4"30"G?U$BV?YJ%!-!T
MYTEPT*?6*Y_$4H(3_J@<&,TP#/-1.,"2 1&S1>-XOHR'E$_KE6:E> R-IF U
MP)KR36+Z3-%FM]"<31-0F'8]J5(IBZ5N0('4 D!Y]Q22T+,-!!6#[6ZUMH[1
M/(C#, SS06A%'C5EM,HYI[,RV@UTJ;6U0%O9)0&*[Q7AJ[*UA*8LW05V*1#M
MP.BL2: $:(W_-%OG04BH+$[$>9]=O+!5/(C#, SS26 9 C=F?/IH7%.?QQDV
M&5PRF'S&!B6I.F<L0,,Q:,5048.Q)MCM1X96(U^=]R@ZKCQ/Z?28P5/8FFD@
M!PO5!^!!'(9AF,\A4ZU/*6&F,3OLLV%1E0!KVWID#*%;36?9 ]4,V*#;%V--
M+9<%XX4#M%LPHXW30AJEK7N>,IJ$.*J)N&&A: (HS\1A&(;Y)'",O[IZY)':
M)A:L0?! $M[VH&CO0*))8P\%9 U1ENFX8MNVS)]2@T<I,>T/\*K]7+>]/!HN
M%0.C>S8U6[IBJ3^V"ML_,WCULM6_VLU_90SMO]*.-_S'F\<P_QVL;F(S,LW4
M(*%F\=S-9_ E4>X;91R&J36!T7!J2UU_5KU\9M((CXFHT2[R1F %@I">7784
M&)V,4FAN-2LJ8<Z=CWR4<[#M*(T_)\F6%"]XOZ^L5;,+0YKGHN :2[/I4X\+
MS-L64BXO:S3[\8JCMP7ZLZ]Z:\:H342;IE:X^'94+5]:-;>U&DU[*6=[7EJY
M4V[-<&$V+6W-/,^'T]?S>3U#^3Q#6\/.S_T$Y'WU=-YW<^OG^;^<YW4:7X_!
MF=M5QGTE6FI#WA9=3M3EX/*U:67[6"]'49.G[?JT/S']1KM<M70]NG%WN:V1
M?9_E\H.'XV.87P*G??JF(9:>C&".=WJ 17&L\UY!"(8L''_(K<K *3B'6[FD
M#5C \FTH->TW[=8NU;XI/&"%.8IKYA+E&L#( O/WJR#\]REV>B^%<L.4RTI<
M\6OE6;$!1[]Z7U/4ML*1Y$IKE^2V!5"N;FN@<[+>]T)5Q*L68KYCN-OWX^I6
MO[8L37Y^"8C='[OH<ZK6&P,V>FPM;\T$91]ZLR)O[6A'V\,@;6\._=DW7=VY
MLK*];Z33N=RQ":Z)_\)^@N?Y/!=@1O.5X^*R=1?*6F/GP45<O7IIU4%)F^9Y
M7%I>:3K">:?;[6/?TWFM*?2F'UC1V_G.9K5%^UIG&\ZK9G-?6O$*ZR7,VZUX
MGBYY.21_/5D,\R4*NJVTU!IO,XG%G:UX9U;HWD6TY]%9RMX9+EW,NDE+79,_
M,VAM,_W.)!S#<1JD?-Y!P#FG(P*N=W;I VOB],X4YR/ULSEKWKWTL$CO9<58
M>78#K7?93@SVY*/OU=>-#-G'Q=37/PL.J<RT<&Y=:9>(:JZM>'SAI<B0O6>B
MSE*N=:U8T?#79H!]O1UN!T+;)9WJPAC.7:5YAL;Y]/,,G7/)\+#W2'VZ'7>-
MN$ICE:=8I>OY'Q>KW,[CJ^",%XC9JO&4K//84W+,4Q.V:S7:/A^KFQ;2Y9FO
M>.[<<;K>4]V_,.Z&V82QNWAN_'9T4P'[[]9SG2\W&\-\C9YG()-7I[T1M7M;
MP1O!"1#0OFZ&2% H.X W[.9[Z ]Q+D476,- ":R)F/53X?P:D,;'^"8-=&[F
MTGJWU1@K]XFY!K _42'E%.GU<CS8V.=)M1C])O79T R;G +5AEB;>"\XID/G
M4:W%0W!H%_0&VW?S)#AP-D/V'M933YY:*^A]_]G/25;'WJ_WMW,U&WH5'&BF
M<H,B1![R6NBGTQ%@-!1;.;:5^YA?;.<S4"[SLD[R6\$A?3'W!6O))CAT-X)+
M\_S/Q2/CQCI-=\'I.F&H57B5Y?9604O)]IB*$Y:FTA'MIZ1O:%D_I$6O@D,O
M$CK0.1"KF6Y>M4A7;1S>)CBT)TEKT,_&*1U"M=K#@L-\(PG?5]<-Y9L6O(D9
MP"]#MM8:J;0VS2*"*+8IG%7W)R&8BO'/ZWENCU/"1TJ:C,EME(GO0@':XYU:
M5Z/,J#N:+WFL/X2\.VR\G+V'O3[6M7N&Z)U^.:7,? O^D>"L.;O46>:UF 2G
MG\V\.I="W]\$9[\ZY.W'7F_U>5$]QQB.-X4MK' XGF:W>A.<>52D(B_!B#AQ
M:WLKZ>TD36N;PUV-0<)*7>ER3KFYLQ\)SK#BME>985X.(3T%A[K[=;&*G@]&
MN2E8N7?(V&7KN;#Z<<;\;LBX4TBZX,SCU9M)-&VI\2F)9\$)FVA7!_TX\#"6
M*R&J>;RGX- 56SZYTTT[[>0I2RPXS#<2FS3DY=3-K8MZ2.7<J<VNT8:D1J$+
MSN2]JYA#/U7E]MQO;@ 2'"5U<<+%F()Z5RRT=0SQ\/NK9_D\[_'NTFA]T#S7
M]NFQMKO>M+,Q3_8/!6>M[V:ON@1G< K.N>(;P>GK7^I)I+<&CKSVPW.D8]@X
M;P2'%.=E7M9-< ;DDE+%G/TV=K7Z7+%.+?R1X+2&H)&WG8'ISS2KIP[GUK<!
M]JE1=\&Y$W>K!$-Q^KJP>R-IB.O<S>KN$^R]_1"<X=G4;P3'[9I=;=_0Y<WF
MB///\_[S%SL/O15JW\UL$ L.\YU$03>A#2'FVI[HG._)-T^T,)2_$V+14K9W
M.#CO\Z+G+!RG-3A8#V07'' &Z$:66KV;SMGN]'CD\XTRMF?_,>?![TP<3IH1
M+3 /=A><]<(.5Z%8_)S@V"\*SAQ[[JX7$_,<=WXZ+&PK#NEM;R#H2"6SIZO#
M.\&IYJ%'VP5G?P'I\XM7OUWO&<LG*#BMN9VK/K2C@;2-?_2F]6EHI"Y+<,A3
M]=377C;XK(L/9N#U5:/;:;21@'&?TPAM1^3@(C@8-N+G>O:=X*!KK.S7AZZ:
M?;EJJQ7WNV*I%GZA3K\>"P[SG7BQ7K&@B8BJK]6EU]TJVP."09P:-$X4-1'6
MTU[T<M8?5H9F!,U^J]WXB3(,!"^45JZ^KSK00ZC3Z"<\U*H_;B).'N.[4F(P
MZD4=7"#\<G.(!W,#^1G!J92_[ES\\X*C1C/L\@GI>7LH;=_$16-G6+&K/GOV
M)C@RT4_IS?F=X-";]KU[UN?I<+N_;;S_K_$%^69$"05GC0%1HJ3=\#,U7TP<
M;%KL07!U$QP,@WAT+Z,,@._-LZ_*\L8 6A9GY[PJ>.[2$)FX_3TV%5P_@W7\
M_2HXW99L]Y12VL\@PA$A,J[:>56FD-R/[J)$WJ]X.!8<YCMQ*#B@YEA]:,__
MBT<]J3G@:+QW^-)%W:8WJZ>H(P%T?Z-.VA@_>P4T@P(.X4@<_D[MD7F;/L"V
M.SY/Z:-WW ],W^G%QDJEL$>I3<&Y&@P;/Q(<L,XB6WC3WQ2<U;:UBTOL&OB'
M2T(=XTT[4' *!>^2U^NMX-S>_(D]2NWR_D/O1LL(3C^0Y"M+ /#.39OYAU#3
M^F!]4YPE..?6ZU5E+U%JCZ6=Q$/M0'-S$]IIG:'@%$?G!%4BYJO@Q-)-G(#B
M^B@XUQA'-4=K+E=MQLB?@G,[=V5&8I#@]!.-BL."PWPG%EUJL9:4HC7XNO::
M2:W=@?E(^/*GA6PO3$T.(L98&>I2^E94,^>K+2J'(WB<4:.AWZ;XM 1\MJ22
M4NOV?[N7HER>Y&8"M:<UI)0H@*L]@.Y'KO+?E'-VQ-:=?IO@[)W,^/&7!0<C
M!;;M/G2FH4<KE-WBZ'='F3;.]P@.R<(:'_D%P7%]Q.AR#GK3TK!Q'@2G:&,[
MU)G_$X*3254\GK]RLW .,G%(>XYGP=EG"YW7_?&JO16<?!6<8]HX+#C,=V*P
M.(%W.%G:T;OKJ^"T!\(D')2IVI2:0FXW+95@R]BG=$= S*:]?65I96[&CE5*
M>,#;%R>2V*P$: /"&.MCV@0G4T3<%M FFWE4W'#AM"U_HN <-3ICU# JAU-R
M<ZFY,T/04\3P\1>"LP*?_1H$^367FKE$S7EKM!H]V*L*RFU*S_QVO(Y,&^>M
MX&R3:A:;2\WNWXV9+#/(X$W7W@5G^+S:D6R>OB)[+TWC+-/$&4WK:NO*/)@S
M6.(,UJ?-7%QJKR>CR$>7VL6H&N9H'B>@22A&773SZT5PR,3QU)AGP<& DNV>
M6F[5Y+:K-B+M=\'9@S66O [!&:9X9,%AOA,4'-]].YXF%/CK[55D4*X9-91E
MQJB4@Y;0S/;8I"0<.-W#9!RR 1P@!H-_ )75P8(YK=.!]L[H<50TFM8%:./4
M%AD#Z$.3JT<AP=%]5IRAP0+W9H[H[P\.9B>U)&4/&EC#T7#KN.8P_D5PZFT,
MI[0M8Y#KML8O!@T\-EF+AV$3[,5HR 0V8V+:O\/&T>\$QSZ8"?KA=,RF;K.7
M*'W!?KMN9^@Y2LWO+9W][=3";N/H%30@ITU2,#K3K'&?RR#-ZPWZ$LI09VS
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M+9Q7;;Q5;@.#89R[G"G_SLK4>@K.L'%8<)AO UUJ&@).?BG1M#[*WV;2:6M
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M(6]S5N]&4:JEN[';<+7CG-J2PIBJ8]DY;:9B1-M(<5B>[.EE>-?"H8\;PYG
M#OHI2F5.1A%E;?XJ2RCF-$IY'G.B[-MGQ._Y<^(F:;*E24"\[[<^$1SN5TX'
M+\&A0=Z=>F^"0SIW3N5U&P>RU(MW_)S@<,F^6PR%AO_"[)_:_GS^@:;SK\+&
MT\%_G=AKR;D^+368(BF"D[98KJ(: +P>>=Y\S;!"V*2YR,V<!=X7"/YOL&<4
MI^E87&\Z#6F!HYTQU;LCZ$8%!_Q>FO.!X 2:=#HUPZETI*=@3C=X]/NKS.F8
M1(.R.1*+0CI-$#=GR3FM[B@*&RS&6N?79,SRX8+@WA,<35Y9?G\)3M=*OQM
MOPG.NJ*%79?#/U>Q37Y2< ZO[GDQI#]??L8A"XN_UFV,>GXC(ZD-.XV 1<CU
ML06'CM@^0(7G*O"2#$M++?V@DM%4VX9DI;];A&:?H/*Z0;NUU;5AW'"A2-S5
M&=V"IZ+3.ZZCK]#O$^Q0.YK<N&7=]EGAR>_OPE/]H&P.>@89;(;R#FI%<;K<
M#IE\-WZ[U.Z\8^%4/LGU+3CMS$QXREJ^"4XS=W-@S_0D?!2$IVOZ2<&Y+ T>
M7JNOMOOKM*B,O7OT3?=#5%_?(7-* %OUR_C)_#<X!8>L?E=:*YQD@T0U\)(D
M39EA\SZ1<&ZQ7$+Z!ZG).JSDUJ1**"/0C2^!&*N#T;;Z4'2*XF)3W#GGO9HV
M75S;??GGF^49" ;.WX:<1B0NF4P:7:O>OP5.81?7J[S1XU5RPJ\L-<H1T:M/
M['N"<S2Q<9X%)UHF[!_*EP2'XR<Z_B'!Z9$SU237X1W!F7=2:'WT:7C)0=6P
M-7@*CG117TO6D#4 7A/.3*O!K]P N9/>+4.SH%YI_$+;5(ZHIXT3AX1AO([6
MN.JRG8;._5GWG6$\/>0-USAUAZY#H3'!=X#GTL!FS52%&+9Y.I7'E5(H*^O\
M;8S>:LZ!)N*V3QU"_D!P1'%\?'*I!6.H3=_YN'%WJ=F;2W;<7&I=(O8J_J3@
M/(;LGT(Z'_Y9)(LR7/D3.ZYT1JN.M2YU"1K]P?JQ!&>9/&P"FI -8CC@58D/
M+NRLZ49NYN/5,&5E^125<@\Z49R_2(Z <S8X:W.(JI?;>HIWU$M" U[QJ;3F
MLVM$<+X%F1.K:,JD%3AZ&S3^^M^YHCA7K[[5>OSSI %.Y[+B:<UK5'X:J6WR
MON!P5/\6%3$K:8"OHDB)OY]*&K /,44:_EJHV3_0'L[0HRZ!B[22'^0KA(=3
M26E$?7TD-*U>D]%'+:5V\5]_<L4 _)MT^_#C#X8:25=:$O,!03P209=JYTLJ
M,$V-";2Q/DS!B<[$/*>3%L\9ZNU014EC:16'1'L<-1N-7_6F@_\=LO*2!<2?
MJ<?TKO7,]A@-OV?8'7?_FN <JY_2F18=UO_T\;[@2-[R7LZ_W]_)"_)<LQ.W
MZT<_VDMP>.4/'];;'E[M,'\+*\'[N2Q&H,S]VX^3_DC;L2Q?:WBW5$\LG'$+
M<2FI%[7ROOD/@-7-X%7)-VNF.6J>YBF,\V$7M,&)G\-9KXVGR.VHU ;'F&1]
MLM$5:I5#M[<T;U-:OQEBN1MBF/)6BU2V:93U]C_Y@N"G".JV6D:M+(YXYG+%
M9>%FJLE*P?[LOEQI0/:*XHAJT5.)C:55]LR=A9'N@L.%!ERNK01]&A9GMEPQ
MI^!TK]T'3RSD1B,CJG*>7):KT.$<WL8Z]_FE9R/HQU\_I2>$O&!UHI-\D4OR
M:Q03YI^#EI/1#37OCP4-;^4B'!6*HTN @0->EF'/Q?WSQIJW$U6,'N%'B0.'
M/,&EW#*5WW2.YX3H@R\F^[;*AW#U@#DSO/&34>&VE1'7G*ZCQ$"%U!P<V]^!
M<CZ]DUA(_*V9\^>P'&AB_JPJX5(<[%/!V7NY#,PJ$2-+\5<1I'.)?KH+SJH]
MH\]5/ <+SK@N5P2G*/71LN&PTQDNFRWN8/]]>!TH$%/UDQOXK*7!'L5Q.TFM
M%+TA*052((<MF;:B6>3"XQJDG%0G!WC\T,'K4M9*ZY&4):&H_ CK/GD,JT&5
M^8 7;,M48<V8:=N8&(/)Y3HS&N_?5%:DI7"7KSQ-,^F@&[+\(%,!_#FHW.02
MG/F*Y_WYR']:GWV5\&R[,9+>)36GS7 6"<OS('%<[0J<5+SSMO=<W5^<5*DP
MKES3<'BL@%G7,78KTKRRLXRHW]4QR7)Z/PAX%>^<1OGZZ=$BF:U9SH@8Q)WP
M_Q05<O=ZHDOII*#H[9)6A5%M\\-]T^TJW=&J_,&N4P!X1>;M2)UP@A,W19>E
M%\-^8N-PE><4XK20.G6A]JZX&"@9]+KM:6G/FS+1DFG4)"0PM4H9;R@2\*$3
M#_Q)6IF(6- K>9'SF09,N6H\@XY>N6E O^TY(^?SM:P^R>O-,4^KUT=<O0"&
MM!YX:#%0<BGW;3GF6L3?]_#T4?/8)13Q Z?L*)MV?4RY@C+/P[>G%@(IGP.4
MO ,^H][;$[PSRG6I9TWV\G0* "](UT[<YNP*V.4(#_MC&V=$[W2Q;:I,MSDD
M$U,T.3GC[(^2ANCQD1UNM_*ZI% >2Q/ ;U+>Z;D$ /AF4/FS:='L1-,52QGV
MLRI34ZF<U?,14_503/%56:?#\4.9.A=R]"O3UHZCH&HG^$VJ1;-8 +X_[%3K
MTYZ1K*'S,=%^G*LF1.H[G6N<@M.,"UD[_>->'\7<4D*C=GV,7NN8=A42=\#O
MD3WJQ0#P_X'& 93 B\;#Y9:8-LY'B:;K@-JZI5A."X52=OQH/W2,%?W0?*J>
MS0\M'&K@-_FTT30 X'M0*-S*R:,/!LKPGY<9;,XG9[T)1_K,*T:IJ _#=:^B
MCV3K($,-  !>!)KR:<G D[Q0H^C/M( [T5_E1SZ$@C9O\@EX16'&DD\  '@9
M!O6&[MJ\V5'T5]:IC<]K=5#XYFV@ALH+M,]"10   /XAFK7]:)>E<4I M9\;
M.9_3P]G*MTTKZO2^C4J-=1#  0" %Z*:Q\7=XVA7^9'?+<9!YLWN/9!UC/>$
M:X>$ 0  >"W*O9Q(4S:<D94I%SK^AN1PN<:S\RXMQ;EZ(@R'A $  '@UDKY%
M_JDFXE5*A.JSYU\,M PJJ6NO( \+CM^*$Q16ZP$ P,N1SJA^O4K("Y1BIN,O
M^+X:R8TA45GK)(:YM?$:04-O  #@!8DKN[E+^ZBS4PYUMB(-,C\K.=63I41E
M$D<THE\M%:]"E699X0OIU    /Y!+ANG:=OR-G&DYGKUW KKJ\&<T;C=E8W\
M^MZ3H)S=4+  !P  7I6XXSC=W!QJ:;6M:F2PF/AA*]\;+3OJ_F&X&GMVJ<5;
M?S7'IM. ?0,  "_,MG'&/;9"WC1Y-:(CJ\7G-VUN+D8OP7$+Q\ >.&I"/(]^
M+LLV'"I$ P# *Y/TFT4W57&/G,HMJ\:T52@P8WR^][-BQJ@EK4Z0QG,OJE&I
MTS1)BWTLF],]_&D  /#:9/VT\G_8*1GIJ+0:1P2FI2"=; SU^MQXYW97-;]Z
M)HYIW;A*50;B\=BMI&/]#0  O#S5ZH?2:,DDI4HE,;%I[ Z[/5LKMLP=;:Q+
M?75PJQS'R=+6+;A[.[=B#?0&  !>GF8?5L?H1&VA#??*B<[YVQK.FB?TWK1N
M KT^\PG&"'16DH;5I#C:7OZWK WJV0   *!\Y2O$GVR?:J$]I9P9I7/0/B6?
MRP\2S%KV.B2C*O5PHX2!H][KV?3PV\79    _!N,/-6%7Y5DPB#C)BB5/#O(
MG++-B.7R#CT%2IY6Y0ADTB0EM6NJ/IOM=*LCTJ$!   (S8L5DHW*1:E8R,"9
ME@Z]I2(E2FM6$^V-=2[5,IEVC2+W6^J4%5TM!6VZ5N)*FS:.2%C4!LWG 0
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MAK@-  " _X(Q52>G&)PS%U-I8LJUP[(!  #P7S.%YV) :0
M
M
M
M                            OT87!F\,?C$W]Z[]UORWY5S:N(ZB%S7G
MVH_K8-GY,'S)N9V#"VL;  # *]&M85PA%:C&%'K+T\8(QO:C&%/I.*\GQN<I
M)XV.FF3+[R4ZN!LZ>)*,OXT>#!WAJNS90'   .#U&%:Y&(+3*APD&[I-(5&&
MM&,XE:>Z:-J8KWTI.6@U]Q]*T_ZD="PE&16F@ RC^-^C\$!"=\KF4KQB@2K*
M! &" P  K\<4'!*#437]VS4)SGPOS?>*)IM%!*<KVC%-H$C_Y8VJ-=LYS9(N
MD>"PXN2;X'CE6;D2*UA1[L]_/P   -^$)3C'$4DH1'"F:-@I'6S@G((S#:&T
M8C@B.&$K2U)^3,'1CA7G)CA#[*'](5-P.(+S1[\?  " ;\(I.%FYL05GFBMI
M6C#L6!/!.8)6A"'31P1GGR@'#F-:5%-Z;H+3M%[.,T\F4U&*8CXP<P  X"4Y
M!:?<!&<:+;8'Q>ZS)3BC!&?-5!VR>EAPQ  ZENMM"DX?8=HXZ7W!R1+#B3&F
M/_CM    ?!M.P0DWE]K1K0K:\,LE..MHKR@'C04G*=>O,TEPR"^G]"V&8Y8F
M-:,J8C@  /#:[*2!<DL:.%@YQ,#9@I,R9TI[?I<%AT2)TM.2UG4+#MDX-\')
MVE"V=7<L4Q <  !X92@M.@1OE"8E.06GFY66MI,&M-(N>,W9!"(XI#C&SS,Y
MYUD$A\R=F^!,Q5'6S[.\)$Q#<   X'7I;B_\I*UF+:_1/(9;ZSB/:BUE2M=(
M*T1MHC>[K 4]>J+WPG+"6?' V?O"SZ-Z&INMHR/+>E(   "OR6!N&^>KY[>.
M^V'/;QUO3CQWW#[IO[ML
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MO'&_+I2V 0
M
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MSD\K6:<0GE^4H@!4;J"I[YN?@JK=W-#4U,+  *X]H"@_I30Y%8=^.SN   ,
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,,3$V#0HE)45/1@T*

end
</PDF>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>TEXT-EXTRACT
<SEQUENCE>2
<FILENAME>filename2.txt
<TEXT>
Mail Stop 3233

                                                               September 6,
2018


     Via Email
     Mr. Deric Eubanks
     Chief Financial Officer
     Braemar Hotels & Resorts Inc.
     14185 Dallas Parkway, Suite 1100
     Dallas, TX 75254

            Re:    Braemar Hotels & Resorts Inc.
                   Form 10-K
                   Filed March 14, 2018
                   File No. 001-35972

     Dear Mr. Eubanks:

            We have completed our review of your filing. We remind you that the
company and its
     management are responsible for the accuracy and adequacy of their
disclosures, notwithstanding
     any review, comments, action or absence of action by the staff.


                                                               Sincerely,

                                                               /s/ Kevin Woody

                                                               Kevin Woody
                                                               Branch Chief
                                                               Office of Real
Estate and
                                                               Commodities
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
