Company: BHR-PD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001574085-25-000051
Chunk: 50

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 50
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 (4,795)(28.3)Income tax (expense) benefit(1,467)(1,452)(15)(1.0)Net income (loss)10,672 15,482 (4,810)(31.1)(Income) loss attributable to noncontrolling interest in consolidated entities64 743 679 91.4 Net (income) loss attributable to redeemable noncontrolling interests in operating partnership262 (296)(558)(188.5)Net income (loss) attributable to the Company$10,998 $15,929 $(4,931)31.0 %

All hotel properties owned for the three months ended March 31, 2025 and 2024 have been included in our results of operations during the respective periods in which they were owned. Based on when a hotel property was acquired or disposed of, operating results for certain hotel properties are not comparable for the three months ended March 31, 2025 and 2024. The hotel properties listed below are not comparable hotel properties for the periods indicated and all other hotel properties are considered comparable hotel properties. The following disposition affects reporting comparability related to our condensed consolidated financial statements:

Hotel PropertyLocationTypeDateHilton La Jolla Torrey PinesLa Jolla, CaliforniaDispositionJuly 17, 2024

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The following table illustrates the key performance indicators of all hotel properties that were included in our results of operations during the three months ended March 31, 2025 and 2024:

Three Months Ended March 31,20252024Occupancy64.58 %65.39 %ADR (average daily rate)$611.38 $551.46 RevPAR (revenue per available room)$394.81 $360.59 Rooms revenue (in thousands)$136,092 $138,552 Total hotel revenue (in thousands)$215,820 $219,079 

The following table illustrates the key performance indicators of the 15 comparable hotel properties that were owned for the full three months ended March 31, 2025 and 2024:

Three Months Ended March 31,20252024Occupancy64.58 %64.80 %ADR (average daily rate)$611.38 $585.83 RevPAR (revenue per available room)$394.81 $379.63 Rooms revenue (in thousands)$136,092 $132,257 Total hotel revenue (in