    <SEC-DOCUMENT>0001213900-24-041393-index.html : 20240509
    <SEC-HEADER>0001213900-24-041393.hdr.sgml : 20240509
    <ACCEPTANCE-DATETIME>20240509172952
    ACCESSION NUMBER:		0001213900-24-041393
    CONFORMED SUBMISSION TYPE:	DFAN14A
    PUBLIC DOCUMENT COUNT:		17
    FILED AS OF DATE:		20240509
    DATE AS OF CHANGE:		20240509

    SUBJECT COMPANY:

    	COMPANY DATA:
    		COMPANY CONFORMED NAME:			Braemar Hotels & Resorts Inc.
    		CENTRAL INDEX KEY:			0001574085
    		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
    		ORGANIZATION NAME:           	05 Real Estate & Construction
    		IRS NUMBER:				462488594
    		STATE OF INCORPORATION:			MD
    		FISCAL YEAR END:			1231

    	FILING VALUES:
    		FORM TYPE:		DFAN14A
    		SEC ACT:		1934 Act
    		SEC FILE NUMBER:	001-35972
    		FILM NUMBER:		24932078

    	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

    FILED BY:

    	COMPANY DATA:
    		COMPANY CONFORMED NAME:			Blackwells Capital LLC
    		CENTRAL INDEX KEY:			0001720183
    		ORGANIZATION NAME:
    		IRS NUMBER:				815196117
    		STATE OF INCORPORATION:			DE
    		FISCAL YEAR END:			1231

    	FILING VALUES:
    		FORM TYPE:		DFAN14A

    	BUSINESS ADDRESS:
    		STREET 1:		800 THIRD AVENUE
    		STREET 2:		39TH FLOOR
    		CITY:			NEW YORK
    		STATE:			NY
    		ZIP:			10022
    		BUSINESS PHONE:		212-792-6096

    	MAIL ADDRESS:
    		STREET 1:		800 THIRD AVENUE
    		STREET 2:		39TH FLOOR
    		CITY:			NEW YORK
    		STATE:			NY
    		ZIP:			10022
    </SEC-HEADER>
    <DOCUMENT>
    <TYPE>DFAN14A
    <SEQUENCE>1
    <FILENAME>ea0205660-dfan14a_blackwells.htm
    <DESCRIPTION>DEFINITIVE ADDITIONAL MATERIALS
    <TEXT>
    Document 1 - file: ea0205660-dfan14a_blackwells.htm

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>2
    <FILENAME>ex1_001.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 2 - file: ex1_001.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>3
    <FILENAME>ex2_001.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 3 - file: ex2_001.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>4
    <FILENAME>ex2_002.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 4 - file: ex2_002.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>5
    <FILENAME>ex2_003.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 5 - file: ex2_003.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>6
    <FILENAME>ex2_004.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 6 - file: ex2_004.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>7
    <FILENAME>ex2_005.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 7 - file: ex2_005.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>8
    <FILENAME>ex2_006.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 8 - file: ex2_006.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>9
    <FILENAME>ex2_007.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 9 - file: ex2_007.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>10
    <FILENAME>ex2_008.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 10 - file: ex2_008.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>11
    <FILENAME>ex2_009.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 11 - file: ex2_009.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>12
    <FILENAME>ex2_010.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 12 - file: ex2_010.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>13
    <FILENAME>ex2_011.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 13 - file: ex2_011.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>14
    <FILENAME>ex2_012.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 14 - file: ex2_012.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>15
    <FILENAME>ex2_013.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 15 - file: ex2_013.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>16
    <FILENAME>ex2_014.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 16 - file: ex2_014.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>17
    <FILENAME>ex3_001.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 17 - file: ex3_001.jpg

    </DOCUMENT>
    </SEC-DOCUMENT>