| Item 1. | |
| (a) | Name of issuer:
Braemar Hotels & Resorts Inc. |
| (b) | Address of issuer's principal executive offices:
14185 DALLAS PARKWAY, SUITE 1200, DALLAS, TEXAS, 75254 |
| Item 2. | |
| (a) | Name of person filing:
This Schedule 13G is being filed on behalf of each of the following persons (collectively, the Reporting Persons):
1. DBR Hotel Owner LLC;
2. DBR Hotel Member LLC;
3. DBR Dorado Ventures, LLC;
4. DBR Cerromar Ventures, LLC;
5. DBR Residential Ventures, LLC;
6. FSCO LLC;
7. Federico Stubbe Arsuaga; and
8. Federico Stubbe Gonzalez.
Federico Stubbe Arsuaga and Federico Stubbe Gonzalez are the Managers of FSCO LLC, which is the Manager of DBR Residential Ventures, LLC, which is the sole member of DBR Cerromar Ventures, LLC, which is the Manager of DBR Dorado Ventures, LLC, which is the sole member of DBR Hotel Member LLC, which is the sole member of DBR Hotel Owner LLC.
The Reporting Persons have entered into a Joint Filing Agreement, dated April 22, 2024, pursuant to which the Reporting Persons have agreed to file this Schedule 13G jointly in accordance with the provisions of Rule 13d-1(k)(1) promulgated under the Act. |
| (b) | Address or principal business office or, if none, residence:
The address of the principal business office of each Reporting Person is 120 Carretera 693, Dorado, PR 00646. |
| (c) | Citizenship:
United States |
| (d) | Title of class of securities:
Common Stock, par value $0.01 per share |
| (e) | CUSIP No.:
10482B101 |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| (a) |  Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
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| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| | |
| Item 4. | Ownership |
| (a) | Amount beneficially owned:
See Rows 5 through 11 of each Reporting Person's cover page. |
| (b) | Percent of class:
0 %
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| (c) | Number of shares as to which the person has:
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| | (i) Sole power to vote or to direct the vote:
See Rows 5 through 11 of each Reporting Person's cover page.
|
| | (ii) Shared power to vote or to direct the vote:
See Rows 5 through 11 of each Reporting Person's cover page.
|
| | (iii) Sole power to dispose or to direct the disposition of:
See Rows 5 through 11 of each Reporting Person's cover page.
|
| | (iv) Shared power to dispose or to direct the disposition of:
See Rows 5 through 11 of each Reporting Person's cover page.
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| Item 5. | Ownership of 5 Percent or Less of a Class. |
| | 
Ownership of 5 percent or less of a class
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| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. |
| |
Not Applicable
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
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Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. |
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Not Applicable
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| Item 9. | Notice of Dissolution of Group. |
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Not Applicable
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