Company: BHR-PD
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001574085-25-000092
Chunk: 69

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 69
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 redeemable noncontrolling interests in operating partnership1,751 1,623 (128)7.9 Net income (loss) attributable to the Company$5,531 $4,364 $1,167 (26.7)%

All hotel properties owned for the six months ended June 30, 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 six months ended June 30, 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 six months ended June 30, 2025 and 2024:

Six Months Ended June 30,20252024Occupancy68.23 %69.10 %ADR (average daily rate)$519.90 $479.67 RevPAR (revenue per available room)$354.74 $331.47 Rooms revenue (in thousands)$245,916 $254,779 Total hotel revenue (in thousands)$394,897 $406,666 

The following table illustrates the key performance indicators of the 15 comparable hotel properties that were owned for the full six months ended June 30, 2025 and 2024:

Six Months Ended June 30,20252024Occupancy68.23 %68.13 %ADR (average daily rate)$519.90 $506.85 RevPAR (revenue per available room)$354.74 $345.31 Rooms revenue (in thousands)$245,916 $240,652 Total hotel revenue (in thousands)$394,897 $380,814 

Net Income (Loss) Attributable to the Company. Net income attributable to the Company decreased $1.2 million from $4.4 million for the six months ended June 30, 2024 (the “2024 period”) to $5.5 million for the six months ended June 30,