Company: BHR-PD
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001574085-25-000024
Chunk: 194

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 7
Chunk 194
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 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.

99

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, 2023 (in thousands) (unaudited):

Year Ended December 31, 2023Capital 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)$4,934 $12,836 $3,392 $1,428 $6,799 $871 $1,088 $2,071 $(462)$11,171 $(4,690)$5,471 $8,322 $(4,222)$13,480 $1,138 $63,627 $(94,255)$(30,628)Non-property adjustments (2)— — — — — — — — — — 249 — — (292)— 495 452 (452)— Interest income(237)(346)— — — — — (41)(137)(235)128 (73)(44)— — (140)(1,125)1,125 — Interest expense— — — 1,756 5,555 2,263 5,639 — — 5,096 4,002 80 3,892 2,688 281 10,046 41,298 49,538 90,836 Amortization of loan costs— — — — 321 24