Company: BHR-PD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001574085-25-000051
Chunk: 146

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 146
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,998 Transaction and conversion costs (2)695 (5,627)Write-off of premiums, loan costs and exit fees1,464 721 Unrealized (gain) loss on derivatives386 739 Stock/unit-based compensation(48)1,127 Legal, advisory and settlement costs144 1,947 Interest expense accretion on refundable membership club deposits151 165 Amortization of loan costs (1)2,097 1,208 Advisory services incentive fee82 — Adjusted FFO available to common stockholders and OP unitholders$29,114 $30,260 

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(1)Net of adjustment for noncontrolling interest in consolidated entities. The following table presents the amounts of the adjustments for noncontrolling interests for each line item:

Three Months Ended March 31,20252024Depreciation and amortization on real estate$(719)$(1,240)Amortization of loan costs(35)(103)

(2) Includes amounts associated with funding certain expenses of Ashford Securities LLC, which in 2024 included a true up of these expenses based on capital raised. 

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The following table presents certain information related to our hotel properties as of March 31, 2025:

Hotel PropertyLocationTotal Rooms% OwnedOwned RoomsFee Simple PropertiesCapital HiltonWashington, D.C.559 75 %419 Marriott Seattle Waterfront Seattle, WA369 100 %369 The Notary HotelPhiladelphia, PA499 100 %499 The ClancySan Francisco, CA410 100 %410 Sofitel Chicago Magnificent MileChicago, IL415 100 %415 Pier House Resort & SpaKey West, FL142 100 %142 The Ritz-Carlton St. Thomas St. Thomas, USVI180 100 %180 Park Hyatt Beaver Creek Resort & SpaBeaver Creek, CO193 100 %193 Hotel YountvilleYountville, CA80 100 %80 The Ritz-Carlton SarasotaSarasota, FL 276 100 %276 The Ritz-Carlton Lake Tahoe (1)Truckee, CA170 100 %170 Cameo Beverly Hills (2)Los Angeles, CA143 100 %143 The Ritz-Carlton Reserve Dorado Beach (3)Dorado, Puerto Rico96 100