Company: BHR-PD
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001574085-25-000130
Chunk: 150

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 150
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,081 

6. Indebtedness, net

Indebtedness, net consisted of the following (dollars in thousands):IndebtednessCollateralCurrent MaturityFinal Maturity (11)Interest RateSeptember 30, 2025December 31, 2024Mortgage loan (2) (3)The Notary HotelJune 2025June 2025SOFR (1) + 2.66% $— $293,180 The ClancySofitel Chicago Magnificent MileMarriott Seattle WaterfrontMortgage loan (4)Park Hyatt Beaver Creek Resort & SpaFebruary 2026February 2027SOFR (1) + 2.86%70,500 70,500 Mortgage loan (3)The Ritz-Carlton Reserve Dorado BeachMarch 2026March 2026SOFR (1) + 4.75%— 62,000 Term Loan (5)LandMarch 2026March 2026WSJ Prime Rate5,360 — Convertible Senior NotesEquityJune 2026June 20264.50%86,250 86,250 Mortgage loan (6)The Ritz-Carlton Lake TahoeJuly 2026July 2026SOFR (1) + 3.25%43,413 53,413 Mortgage loan (7)Bardessono Hotel & SpaAugust 2026August 2029SOFR (1) + 3.24%407,000 407,000 Hotel YountvilleThe Ritz-Carlton SarasotaPier House Resort & SpaThe Ritz-Carlton St. ThomasMortgage loan (8)Capital HiltonDecember 2026December 2028SOFR (1) + 3.75%110,600 110,600 Mortgage loan (3) (9)The Notary HotelMarch 2027March 2030SOFR (1) + 2.57% 274,630 — The ClancySofitel Chicago Magnificent MileThe Ritz-Carlton Reserve Dorado BeachMortgage loan (10)Four Seasons Resort ScottsdaleAugust 2028August 2030SOFR (1) + 3.00%180,000 140,000 1,177,753 1,222,943 Deferred loan costs, net(12