Company: BHR-PD
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001574085-25-000092
Chunk: 208

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 208
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165 1,213 551 1,952 Stock/unit-based compensation(47)1,135 (95)2,262 Legal, advisory and settlement costs (3)(4,626)2,870 (4,482)4,817 Interest expense accretion on refundable membership club deposits135 150 286 315 Amortization of loan costs (1)2,651 1,319 4,748 2,527 Advisory services incentive fee188 648 270 648 (Gain) loss on extinguishment of debt— 22 — 22 Other (income) expense1,250 — 1,250 — Company’s portion of adjustments to FFO of OpenKey— 3 — 3 Adjusted FFO available to common stockholders and OP unitholders$6,932 $7,368 $36,046 $37,628 

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(1)Net of adjustment for noncontrolling interest in consolidated entities. The following table presents the amounts of the adjustments for noncontrolling interests for each line item:

Three Months Ended June 30,Six Months Ended June 30,2025202420252024Depreciation and amortization on real estate$(670)$(998)$(1,389)$(2,238)Amortization of loan costs(36)(132)(71)(235)

(2) Includes amounts associated with funding certain expenses of Ashford Securities LLC, which in 2024 included a true up of these expenses based on capital raised. 

(3) Includes amounts related to a $5.0 million expense reduction in 2025 from an insurance recovery for prior legal expenses.

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The following table presents certain information related to our hotel properties as of June 30, 2025:

Hotel PropertyLocationTotal Rooms% OwnedOwned RoomsFee Simple PropertiesCapital HiltonWashington, D.C.559 75 %419 Marriott Seattle Waterfront Seattle, WA369 100 %369 The Notary HotelPhiladelphia, PA499 100 %499 The ClancySan Francisco, CA410 100 %410 Sofitel Chicago Magnificent MileChicago, IL415 100 %415 Pier House Resort & SpaKey West, FL142 100 %142 The Ritz-Carlton St. Thomas St. Thomas, USVI180 100 %180 Park Hyatt Beaver