Company: BHR-PD
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001574085-25-000092
Chunk: 181

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 181
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 2025 (the “2025 quarter”), as a result of the factors discussed below.

Rooms Revenue. Rooms revenue decreased $6.4 million, or 5.5%, to $109.8 million during the 2025 quarter compared to the 2024 quarter primarily due to the sale of the Hilton La Jolla Torrey Pines in July 2024. During the 2025 quarter, our 15 comparable hotel properties experienced a 39 basis point increase in occupancy and a 0.8% increase in room rates.

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Fluctuations in rooms revenue between the 2025 quarter and the 2024 quarter are a result of the changes in occupancy and ADR between the 2025 quarter and the 2024 quarter as reflected in the table below (dollars in thousands):

Hotel PropertyFavorable (Unfavorable) Rooms RevenueOccupancy (change in bps)ADR (change in %)Comparable Capital Hilton$(692)(457)— %Marriott Seattle Waterfront93 227 (1.7)%The Notary Hotel(77)(15)(0.7)%The Clancy1,243 381 10.3 %Sofitel Chicago Magnificent Mile164 (3)2.0 %Pier House Resort & Spa50 286 (3.1)%The Ritz-Carlton St. Thomas(1,696)(749)(4.2)%Park Hyatt Beaver Creek Resort & Spa (1)(442)(1,090)7.8 %Hotel Yountville (1)(357)(291)(6.7)%The Ritz-Carlton Sarasota199 363 (3.1)%Bardessono Hotel and Spa(196)(52)(3.7)%The Ritz-Carlton Lake Tahoe (2)446 694 (3.3)%Cameo Beverly Hills(95)533 (10.3)%The Ritz-Carlton Reserve Dorado Beach1,764 771 3.0 %Four Seasons Resort Scottsdale1,025 571 1.5 %Total$1,429 39 0.8 %Non ComparableHilton La Jolla Torrey Pines(7,832)n/an/a

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(1)This hotel was under renovation during the 2025 quarter.

(2)This hotel was under renovation during the 2024 quarter.

Food and Beverage Revenue. Food and beverage revenue decreased $2