Company: BHR-PD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001574085-25-000051
Chunk: 85

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 85
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,123)Redemption of operating partnership units(92)— Redemption of preferred stock(26,167)(6,566)Net cash provided by (used in) financing activities(49,764)39,709 Net change in cash, cash equivalents and restricted cash (48,822)52,920 Cash, cash equivalents and restricted cash at beginning of period185,057 166,503 Cash, cash equivalents and restricted cash at end of period$136,235 $219,423 

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Three Months Ended March 31,20252024SUPPLEMENTAL CASH FLOW INFORMATIONInterest paid$21,960 $22,747 Income taxes paid (refunded)(120)(183)SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIESDividends and distributions declared but not paid$8,692 $9,253 Common stock purchases accrued but not paid51 369 Capital expenditures accrued but not paid8,825 15,810 Non-cash preferred stock dividends837 865 Unsettled proceeds from derivatives57 399 Non-cash common stock/unit dividends502 35 Non-cash redemption of common units2,251 — SUPPLEMENTAL DISCLOSURE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASHCash and cash equivalents at beginning of period$135,465 $85,599 Restricted cash at beginning of period49,592 80,904 Cash, cash equivalents and restricted cash at beginning of period$185,057 $166,503 Cash and cash equivalents at end of period$81,689 $137,051 Restricted cash at end of period54,546 82,372 Cash, cash equivalents and restricted cash at end of period$136,235 $219,423 

See Notes to Condensed Consolidated Financial Statements.

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BRAEMAR HOTELS & RESORTS INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(unaudited)

1. Organization and Description of Business

Braemar Hotels & Resorts Inc., together with its subsidiaries (“Braemar”), is a Maryland corporation that invests primarily in high revenue per available room (“RevPAR”) luxury hotels and resorts. High RevPAR, for purposes of our investment strategy, means RevPAR of at least twice the then-current U.S.