Company: BHR-PD
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001574085-25-000024
Chunk: 215

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 215
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146 Amortization of intangibles453 474 474 Amortization of non-refundable membership initiation fees(2,200)(1,776)(1,470)Interest expense accretion on refundable membership club deposits616 671 723 (Gain) loss on disposition of assets and hotel property(88,165)— — Realized and unrealized (gain) loss on derivatives(585)663 (4,961)Non-cash interest income(207)— — Equity in (earnings) loss of unconsolidated entity1,608 253 328 Deferred income tax expense (benefit)(96)1,329 51 Changes in operating assets and liabilities, exclusive of acquisitions, disposition of assets and hotel property: Accounts receivable and inventories6,260 11,264 (9,088)Prepaid expenses and other assets3,058 (5,758)(501)Accounts payable and accrued expenses8,454 47 1,650 Operating lease right-of-use assets416 592 588 Due to/from related parties, net452 1,541 832 Due to/from third-party hotel managers(5,266)8,398 2,590 Due to/from Ashford Inc.4,632 (10,361)8,249 Operating lease liabilities(157)(313)(294)Other liabilities3,096 1,518 1,389 Net cash provided by (used in) operating activities66,817 84,711 109,483 CASH FLOWS FROM INVESTING ACTIVITIESProceeds from property insurance958 361 36 Proceeds from hotel management agreement amendment— — 1,667 Issuance of note receivable(8,076)— — Payments for initial franchise fee— (75)— Acquisition of hotel properties, net of cash and restricted cash acquired— — (354,445)Net proceeds from sale of hotel property155,583 — — Purchase of securities(42,279)— — Investment in unconsolidated entity(79)(238)(328)Improvements and additions to hotel properties(70,598)(77,114)(49,148)Net cash provided by (used in) investing activities35,509 (77,066)(402,218)CASH FLOWS FROM FINANCING ACTIVITIESBorrowings