Company: BHR-PD
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001574085-25-000092
Chunk: 68

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 68
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(3,751)(3.7)%Other51,622 50,777 845 1.7 %Total hotel revenue394,897 406,666 (11,769)(2.9)ExpensesHotel operating expenses:Rooms55,504 55,740 236 0.4 Food and beverage75,977 77,381 1,404 1.8 Other expenses116,821 118,231 1,410 1.2 Management fees12,451 13,044 593 4.5 Total hotel operating expenses260,753 264,396 3,643 1.4 Property taxes, insurance and other18,357 20,755 2,398 11.6 Depreciation and amortization46,755 50,114 3,359 6.7 Advisory services fee13,802 14,528 726 5.0 Corporate general and administrative596 2,231 1,635 73.3 Total expenses340,263 352,024 11,761 3.3 Operating income (loss)54,634 54,642 (8)— Equity in earnings (loss) of unconsolidated entity— (134)134 100.0 Interest income3,407 1,868 1,539 82.4 Other income (expense)(1,250)— (1,250)(100.0)Interest expense and amortization of discounts and loan costs(50,188)(53,776)3,588 6.7 Write-off of loan costs and exit fees(1,467)(803)(664)(82.7)Gain (loss) on extinguishment of debt— (22)22 100.0 Realized and unrealized gain (loss) on derivatives(183)1,258 (1,441)(114.5)Income (loss) before income taxes4,953 3,033 1,920 63.3 Income tax (expense) benefit(1,122)(1,338)216 (16.1)Net income (loss)3,831 1,695 2,136 126.0 (Income) loss attributable to noncontrolling interest in consolidated entities(51)1,046 1,097 104.9 Net (income) loss attributable to