| | |
| Braemar Hotels & Resorts Inc. |
| Ashford BC GP LLC |
| Ashford BC LP |
| Ashford Chicago GP LLC |
| Ashford Chicago Junior Mezz LLC |
| Ashford Chicago LP |
| Ashford Chicago Senior Mezz LLC |
| Ashford HHC III LLC |
| Ashford HHC Partners III LP |
| Ashford Philadelphia Annex GP LLC |
| Ashford Philadelphia Annex LP |
| Ashford Pier House GP LLC |
| Ashford Pier House LP |
| Ashford Pier House Mezz A LLC |
| Ashford Pier House Mezz B LLC |
| Ashford San Francisco II LP |
| Ashford Sarasota GP LLC |
| Ashford Sarasota Holding Company LLC |
| Ashford Sarasota LP |
| Ashford Seattle Waterfront GP LLC |
| Ashford Seattle Waterfront LP |
| Ashford SF GP LLC |
| Ashford Thomas LLC |
| Ashford TRS BC LLC |
| Ashford TRS Chicago II LLC |
| Ashford TRS Chicago Junior Mezz LLC |
| Ashford TRS Chicago Senior Mezz LLC |
| Ashford TRS Philadelphia Annex LLC |
| Ashford TRS Pier House LLC |
| Ashford TRS Pier House Mezz A LLC |
| Ashford TRS Pier House Mezz B LLC |
| Ashford TRS Sarasota Holding Company LLC |
| Ashford TRS Sarasota LLC |
| Ashford TRS Sarasota Residence LLC |
| Ashford TRS Seattle Waterfront LLC |
| Ashford TRS SF LLC |
| Ashford TRS Yountville Holding Company LLC |
| Ashford TRS Yountville II LLC |
| Ashford TRS Yountville LLC |
| Ashford Yountville GP LLC |
| Ashford Yountville Holding Company LLC |
| Ashford Yountville II GP LLC |
| Ashford Yountville II LP |
| Ashford Yountville LP |
| BHR Beverly Hills GP LLC |
| BHR Beverly Hills LP |
| BHR Dorado Holding LLC |
| BHR Dorado LLC |
| BHR Scottsdale GP LLC |
| BHR Scottsdale LP |
| BHR Scottsdale Storage LLC |
| BHR SMA GP, LLC |