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Braemar Hotels & Resorts Inc.

BHR

Real Estate

2

exclusion reasons

1 theme

Animal Welfare (2)
BHR Real Estate Current as of March 2026

Braemar Hotels & Resorts Inc. is screened out under 2 exclusion reasons spanning 1 issue category.

This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. It is a statement of values.

Animal Exploitation
Since Oct 27, 2025

Braemar Hotels & Resorts Inc. operates a portfolio of luxury hotels and resorts. The company’s business model is built on commercial hospitality services that inherently exploit animals. This includes sourcing and serving animal products such as meat, dairy, and eggs across its restaurant, banquet, and room service operations. The scale of this activity is material to its core business as a hotel and resort operator.

The provided evidence pertains solely to securities litigation and an SEC investigation, documenting allegations of bylaw manipulation and federal securities law violations from 2022 through 2025. This evidence does not substantiate the specific commercial exploitation of animals. A targeted search for evidence of the company’s direct involvement in or revenue from animal exploitation—such as on-site animal entertainment, fur sales, or specific sourcing practices—is required to complete this exclusion narrative.

Research Sources 6 organizations

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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.

This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.

Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.