Company: BHR-PD
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001574085-25-000092
Chunk: 52

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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 fees5,424 5,871 12,161 12,737 Property taxes4,002 5,203 9,953 10,913 Other taxes299 332 767 845 Insurance3,486 4,362 7,479 8,765 Total expenses131,284 136,510 276,363 284,609 Hotel adjusted EBITDA$47,793 $51,077 $118,534 $122,057 Three Months Ended June 30,Six Months Ended June 30,2025202420252024Hotel adjusted EBITDA$47,793 $51,077 $118,534 $122,057 Ownership expenses included in other hotel expenses(1,424)(1,553)(2,299)(3)Ownership expenses included in property taxes, insurance and other(105)(161)(158)(232)Management fees(117)(197)(290)(307)Depreciation and amortization(23,360)(24,694)(46,755)(50,114)Advisory services fee(7,191)(7,828)(13,802)(14,528)Corporate, general and administrative2,298 (4,469)(596)(2,231)Equity in earnings (loss) of unconsolidated entities— (85)— (134)Interest income1,519 1,072 3,407 1,868 Other income (expense)(1,250)— (1,250)— Interest expense and amortization of discounts and loan costs(25,361)(27,285)(50,188)(53,776)Write-off of loan costs and exit fees(3)(82)(1,467)(803)Gain (loss) on extinguishment of debt— (22)— (22)Realized and unrealized gain (loss) on derivatives15 326 (183)1,258 Income tax (expense) benefit345 114 (1,122)(1,338)Net income (loss)$(6,841)$(13,787)$3,831 $1,695 

17. Subsequent Events

On August 7, 2025, we sold the Marriott Seattle Waterfront hotel pursuant to an Agreement of Purchase and Sale, entered into effective July 3, 2025, for $145 million in cash, subject to customary pro-rations and adjustments