Company: BHR-PD
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001574085-25-000024
Chunk: 196

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 7
Chunk 196
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273 $10,317 $9,276 $22,381 $6,082 $12,816 $22,628 $987 $20,924 $21,863 $198,260 $(38,729)$159,531 

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(1)Represents expenses not recorded at the individual hotel property level.

(2)Includes allocated amounts which were not specific to hotel properties, such as gain on sale of hotel property, corporate taxes, insurance and legal expenses.

(3)Referred to as hotel adjusted EBITDA in note 23 to the Company’s consolidated financial statements.

100

The following table reconciles net income (loss) to EBITDA attributable to the Company and OP unitholders on a property-by-property basis for each of our hotel properties owned and on a corporate basis during the year ended December 31, 2022. The results of The Ritz-Carlton Reserve Dorado Beach and Four Seasons Resort Scottsdale are included from its acquisition date through December 31, 2022 (in thousands) (unaudited):

Year Ended December 31, 2022Capital HiltonHilton La Jolla Torrey PinesSofitel Chicago Magnificent MileBardessono Hotel and SpaPier House Resort & SpaHotel YountvillePark Hyatt Beaver Creek Resort & SpaThe Notary HotelThe ClancyThe Ritz-Carlton SarasotaThe Ritz-Carlton Lake TahoeMarriott Seattle WaterfrontThe Ritz-Carlton St. ThomasCameo Beverly Hills The Ritz-Carlton Dorado BeachFour Seasons Resort ScottsdaleHotel TotalCorporate / Allocated(1)Braemar Hotels & Resorts Inc.Net income (loss)$1,125 $13,162 $2,226 $4,488 $12,377 $2,547 $5,668 $(505)$(2,872)$17,641 $5,020 $3,790 $18,920 $(1,390)$7,583 $933 $90,713 $(71,365)$19,348 Non-property adjustments (2)— — — — — — 76 (16)— — — — (40)— — — 20 (20)— Interest income(55)(73)— — — — — (5)(24)(52)—