Company: BHR-PD
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001574085-25-000024
Chunk: 29

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1
Chunk 29
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$477.54 $466.92 $423.18 $477.19 $418.17 

19

Selected Financial Information. The following table shows certain selected financial information regarding the Four Seasons Resort Scottsdale Hotel since 2022 (dollars in thousands):

Year Ended December 31,Year Ended December 31, 2022 (Combined)Period from December 1, 2022 through December 31, 2022Period from January 1, 2022 through November 30, 202220242023Total Revenue$72,113 $67,666 $61,253 $5,194 $56,059 Rooms Revenue36,704 35,789 32,437 3,107 29,330 Hotel net income (1)(452)1,138 4,095 933 3,162 Hotel net income margin(0.6)%1.7 %6.7 %18.0 %5.6 %Hotel EBITDA (2)23,286 21,863 19,497 1,710 17,787 Hotel EBITDA Margin (2)32.3 %32.3 %31.8 %32.9 %31.7 %

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(1)    Hotel net income (loss) for the periods before the Company’s ownership includes the predecessor hotel net income (loss) and adjustments for depreciation and interest as if the Company owned the hotel during the predecessor periods.

(2)    See “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Non-GAAP Financial Measures” for a reconciliation of net income (loss) to Hotel EBITDA by property. 

The hotel operating results for the period from December 1, 2022 through December 31, 2022 represent the operating results since the acquisition of the hotel on December 1, 2022. The hotel operating results for the period from January 1, 2022 through November 30, 2022 represent periods before our ownership and were obtained from the prior owner. The Company performed a limited review of the information as part of its analysis of the acquisition. The financial statements as of and for the nine months ended September 30, 2022 were included in our Current Report on Form 8-K filed on December 1, 2022. No financial statements were prepared, audited or reviewed for the period