Company: BHR-PD
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001574085-25-000092
Chunk: 140

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 140
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 for this hotel property through the date of disposition in net income (loss) as shown in our condensed consolidated statements of operations for the three and six months ended June 30, 2024. The following table includes the condensed consolidated financial information from this hotel property (in thousands):Three Months Ended June 30,Six Months Ended June 30,20242024Total hotel revenue$14,112 $25,852 Total hotel operating expenses(8,374)(15,567)Property taxes, insurance and other(766)(1,555)Depreciation and amortization(1,059)(2,149)Operating income (loss)3,913 6,581 Interest income110 210 Interest expense and amortization of loan costs(1,846)(3,538)Write-off of loan costs and exit fees— (101)Income (loss) before income taxes2,177 3,152 Income from consolidated entities attributable to noncontrolling interests(1,021)(1,728)(Income) loss before income taxes attributable to redeemable noncontrolling interests in operating partnership(93)(114)Income (loss) before income taxes attributable to the Company$1,063 $1,310 

6. Indebtedness, net

Indebtedness, net consisted of the following (dollars in thousands):IndebtednessCollateralCurrent MaturityFinal Maturity (10)Interest RateJune 30, 2025December 31, 2024Mortgage loan (2) (3)The Notary HotelJune 2025June 2025SOFR (1) + 2.66% $— $293,180 The ClancySofitel Chicago Magnificent MileMarriott Seattle WaterfrontMortgage loan (4)The Ritz-Carlton Lake TahoeJuly 2025January 2026SOFR (1) + 3.25%43,413 53,413 Mortgage loan (5)Park Hyatt Beaver Creek Resort & SpaFebruary 2026February 2027SOFR (1) + 2.86%70,500 70,500 Mortgage loan (3)The Ritz-Carlton Reserve Dorado BeachMarch 2026March 2026SOFR (1) + 4.75%— 62,000 Term Loan (6)LandMarch 2026March 2026WSJ Prime Rate5,