Company: BHR-PD
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001574085-25-000024
Chunk: 17

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1
Chunk 17
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 property has more than 10,000 square feet of indoor and outdoor meeting and function space offering stunning views of Great Bay and neighboring St. John.

•    Food and Beverage: The property features (i) the 163 seat Bleuwater Restaurant; (ii) Alloro, a 100-seat Italian restaurant; (iii) Sails, a 155-seat beachside restaurant and bar; and (iv) Coconut Cove, a second beachside 118-seat restaurant, on the grounds of the adjacent Ritz-Carlton Destination Club. A fresh service market, Southwind, opened in 2020, serving coffee, sandwiches, ice cream and other light fare.

•    Other Amenities: The resort offers a beachfront infinity-edge pool, as well as a children’s pool and hot tub, a 7,500 square foot full-service award-winning spa, a 2,000 square foot fitness center, the Topgolf Swing Suite and the Ritz Kids Club.

Location and Access. The hotel is located on 30 oceanfront acres along Great Bay, St. Thomas, U.S. Virgin Islands. It is 1.6 miles from Urman Victor Fredericks Marine Terminal in Red Hook and 11 miles from Cyril E. King Airport.

Operating History. The following table shows certain historical information regarding The Ritz-Carlton St. Thomas since 2022:

Year Ended December 31, 202420232022Rooms180 180 180 Occupancy63.8 %66.4 %73.8 %ADR$1,071.81 $1,099.14 $1,204.88 RevPAR$683.69 $730.15 $889.30 

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Selected Financial Information. The following table shows certain selected financial information regarding The Ritz-Carlton St. Thomas since 2022 (dollars in thousands):

Year Ended December 31,202420232022Total Revenue$74,375 $75,394 $87,654 Rooms Revenue45,042 47,971 58,426 Hotel net income9,312 8,322 18,920 Hotel net income margin12.5 %11.0 %21.6 %Hotel EBITDA (1)20,620 22,628 30,137 Hotel EBITDA Margin (1)27.7 %30.0 %34.4 %

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