Company: BHR-PD
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001574085-25-000092
Chunk: 60

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 60
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olidated 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 redeemable noncontrolling interests in operating partnership1,489 1,919 (430)(22.4)Net income (loss) attributable to the Company$(5,467)$(11,565)$6,098 52.7 %

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All hotel properties owned for the three 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 three months ended June 30, 2025 and 2024. The hotel property listed below is not a comparable hotel property 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

The following table illustrates the key performance indicators of all hotel properties that were included in our results of operations during the three months ended June 30, 2025 and 2024:

Three Months Ended June 30,20252024Occupancy71.85 %72.82 %ADR (average daily rate)$438.58 $415.24 RevPAR (revenue per available room)$