Company: BHR-PD
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001574085-25-000092
Chunk: 29

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 31, 2024CarryingValueEstimatedFair ValueCarryingValueEstimatedFair ValueFinancial assets measured at fair value:Investment in securities$17,134 $17,134 $41,535 $41,535 Derivative assets313 313 356 356 Financial assets not measured at fair value:Cash and cash equivalents$80,226 $80,226 $135,465 $135,465 Restricted cash55,463 55,463 49,592 49,592 Accounts receivable, net32,673 32,673 31,754 31,754 Note receivable8,590 8,590 8,283 8,283 Due from third-party hotel managers24,232 24,232 22,873 22,873 Financial liabilities not measured at fair value:Indebtedness$1,225,507 $1,226,123 $1,222,003 $1,207,420 Accounts payable and accrued expenses131,142 131,142 143,566 143,566 Dividends and distributions payable8,627 8,627 9,255 9,255 Due to Ashford Inc., net2,767 2,767 4,267 4,267 Due to related parties, net636 636 1,055 1,055 Due to third-party hotel managers 1,919 1,919 1,476 1,476 Cash, cash equivalents and restricted cash. These financial assets have maturities of less than 90 days and most bear interest at market rates. The carrying value approximates fair value due to their short-term nature. This is considered a Level 1 valuation technique.Accounts receivable, net, due to/from related parties, net, accounts payable and accrued expenses, dividends and distributions payable, due to Ashford Inc and due to/from third-party hotel managers. The carrying values of these financial instruments approximate their fair values due to the short-term nature of these financial instruments. This is considered a Level 1 valuation technique.Investment in securities. See note 8 for a complete description of the methodology and assumptions utilized in determining fair values.Note receivable. The carrying amount of note receivable approximates its fair value. This is considered a Level 2 valuation technique.Derivative assets. See note 8 for a complete description of the methodology and assumptions utilized in determining