Company: BHR-PD
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001574085-25-000130
Chunk: 13

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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24Redemption of operating partnership units(94)— Distributions to noncontrolling interest in consolidated entities(2,293)(27,045)Redemption of preferred stock(59,159)(36,299)Net cash provided by (used in) financing activities(160,033)(62,203)Net change in cash, cash equivalents and restricted cash (21,097)50,633 Cash, cash equivalents and restricted cash at beginning of period185,057 166,503 Cash, cash equivalents and restricted cash at end of period$163,960 $217,136 SUPPLEMENTAL CASH FLOW INFORMATIONInterest paid$66,794 $77,178 Income taxes paid (refunded)615 352 SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIESDividends and distributions declared but not paid$8,553 $9,271 Assumption of debt in acquisition of land5,360 — Capital expenditures accrued but not paid11,818 12,541 Non-cash preferred stock dividends2,329 2,551 Unsettled proceeds from derivatives51 197 Non-cash common stock/unit dividends502 35 Non-cash redemption of common units9,284 — Non-cash consideration for acquisition of land1,814 — 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$116,278 $168,675 Restricted cash at end of period47,682 48,461 Cash, cash equivalents and restricted cash at end of period$163,960 $217,136 

See Notes to Condensed Consolidated Financial Statements.

8

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