Company: BHR-PD
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001574085-25-000092
Chunk: 179

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 179
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)%Food and beverage45,571 47,563 (1,992)(4.2)Other23,682 23,797 (115)(0.5)Total revenue179,077 187,587 (8,510)(4.5)ExpensesHotel operating expenses:Rooms27,285 27,476 191 0.7 Food and beverage35,767 36,664 897 2.4 Other expenses56,445 58,155 1,710 2.9 Management fees5,541 6,068 527 8.7 Total hotel operating expenses125,038 128,363 3,325 2.6 Property taxes, insurance and other7,892 10,058 2,166 21.5 Depreciation and amortization23,360 24,694 1,334 5.4 Advisory services fee7,191 7,828 637 8.1 Corporate general and administrative(2,298)4,469 6,767 151.4 Total expenses161,183 175,412 14,229 8.1 Operating income (loss)17,894 12,175 5,719 47.0 Equity in earnings (loss) of unconsolidated entity— (85)85 100.0 Interest income1,519 1,072 447 41.7 Other income (expense)(1,250)— (1,250)(100.0)Interest expense and amortization of discounts and loan costs(25,361)(27,285)1,924 7.1 Write-off of loan costs and exit fees(3)(82)79 96.3 Gain (loss) on extinguishment of debt— (22)22 100.0 Realized and unrealized gain (loss) on derivatives15 326 (311)(95.4)Income (loss) before income taxes(7,186)(13,901)6,715 48.3 Income tax (expense) benefit345 114 231 (202.6)Net income (loss)(6,841)(13,787)6,946 50.4 (Income) loss attributable to noncontrolling interest in consolidated entities(115)303 418 138.0 Net (income) loss attributable to redeem