Company: BHR-PD
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001574085-25-000130
Chunk: 149

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 149
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4 million on the mortgage loan that was partially secured by the hotel property. The sale resulted in a gain of approximately $41.0 million for the three and nine months ended September 30, 2025, and is included in “gain (loss) on disposition of assets and hotel property” in our condensed consolidated statements of operations. 

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BRAEMAR HOTELS & RESORTS INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)(unaudited)

We included the results of operations for these hotel properties through the dates of disposition in net income (loss) as shown in our condensed consolidated statements of operations for the three and nine months ended September 30, 2025 and 2024, respectively. The following table includes the condensed consolidated financial information from the disposed hotel properties (in thousands):Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Total hotel revenue$6,133 $15,932 $23,768 $58,454 Total hotel operating expenses(3,148)(8,828)(13,673)(34,310)Property taxes, insurance and other(247)(724)(1,253)(3,410)Depreciation and amortization(672)(2,791)(4,119)(8,430)Gain (loss) on disposition of assets and hotel property41,043 88,160 41,043 88,160 Operating income (loss)43,109 91,749 45,766 100,464 Interest income— 55 — 265 Interest expense and amortization of loan costs(645)(2,183)(3,879)(9,427)Write-off of loan costs and exit fees— — (141)(104)Gain (loss) on extinguishment of debt(1,553)— (1,553)— Income (loss) before income taxes40,911 89,621 40,193 91,198 Income from consolidated entities attributable to noncontrolling interests— (26,296)— (28,024)(Income) loss before income taxes attributable to redeemable noncontrolling interests in operating partnership(2,827)(5,098)(2,748)(5,093)Income (loss) before income taxes attributable to the Company$38,084 $58,227 $37,445 $58