Company: BHR-PD
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001574085-25-000130
Chunk: 191

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 191
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 Gain (loss) on disposition of assets and hotel properties40,970 88,210 (47,240)(53.6)Operating income (loss)29,806 70,329 (40,523)57.6 Equity in earnings (loss) of unconsolidated entity— (80)80 100.0 Interest income1,494 2,660 (1,166)(43.8)Interest expense and amortization of discounts and loan costs(25,188)(27,911)2,723 9.8 Write-off of loan costs and exit fees(366)(5,292)4,926 93.1 Gain (loss) on extinguishment of debt(1,553)— (1,553)Realized and unrealized gain (loss) on derivatives(118)(735)617 83.9 Income (loss) before income taxes4,075 38,971 (34,896)(89.5)Income tax (expense) benefit648 864 (216)(25.0)Net income (loss)4,723 39,835 (35,112)(88.1)(Income) loss attributable to noncontrolling interest in consolidated entities412 (27,363)(27,775)(101.5)Net (income) loss attributable to redeemable noncontrolling interests in operating partnership607 124 483 (389.5)Net income (loss) attributable to the Company$5,742 $12,596 $(6,854)(54.4)%

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All hotel properties owned for the three months ended September 30, 2025 and 2024 have been included in our results of operations during the respective periods in which they were owned. Based on when a hotel property was acquired or disposed of, operating results for certain hotel properties are not comparable for the three months ended September 30, 2025 and 2024. The hotel properties listed below are not comparable hotel properties for the periods indicated and all other hotel properties are considered comparable hotel properties. The following dispositions affect reporting comparability related to our condensed consolidated financial statements:

Hotel PropertyLocationTypeDateHilton La Jolla Torrey PinesLa Jolla, CaliforniaDispositionJuly 17, 2024Marriott Seattle WaterfrontSeattle, WashingtonDispositionAugust 7, 2025

The following table illustrates the key performance indicators of all hotel properties that were included in our