Braemar hotels & resorts issues statement regarding cash holdings

Dallas , march 14, 2023 /prnewswire/ -- braemar hotels & resorts inc. (nyse: bhr) ("braemar" or the "company") issued the following statement today:  in light of recent events in the banking industry, the company thought it would be helpful to provide some clarity on its current cash holdings.  currently, approximately 60% of the company's cash is held in short-term u.s. treasury securities with maturity dates of less than 90 days.
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