Company: BHR-PD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001574085-25-000051
Chunk: 21

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 21
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 measured at fair value:Cash and cash equivalents$81,689 $81,689 $135,465 $135,465 Restricted cash54,546 54,546 49,592 49,592 Accounts receivable, net39,899 39,899 31,754 31,754 Note receivable8,434 8,434 8,283 8,283 Due from third-party hotel managers25,462 25,462 22,873 22,873 Financial liabilities not measured at fair value:Indebtedness$1,219,984 $1,218,557 $1,222,003 $1,207,420 Accounts payable and accrued expenses136,090 136,090 143,566 143,566 Dividends and distributions payable8,692 8,692 9,255 9,255 Due to Ashford Inc., net3,511 3,511 4,267 4,267 Due to related parties, net1,700 1,700 1,055 1,055 Due to third-party hotel managers 2,389 2,389 1,476 1,476 Cash, cash equivalents and restricted cash. These financial assets have maturities of less than 90 days and most bear interest at market rates. The carrying value approximates fair value due to their short-term nature. This is considered a Level 1 valuation technique.Accounts receivable, net, due to/from related parties, net, accounts payable and accrued expenses, dividends and distributions payable, due to Ashford Inc and due to/from third-party hotel managers. The carrying values of these financial instruments approximate their fair values due to the short-term nature of these financial instruments. This is considered a Level 1 valuation technique.Investment in securities. See note 8 for a complete description of the methodology and assumptions utilized in determining fair values.Note receivable. The carrying amount of note receivable approximates its fair value. We estimate the fair value of the note receivable to approximate the carrying value of $8.4 million as of March 31, 2025 and the carrying value of $8.3 million as of December 31, 2024. This is considered a Level 2 valuation technique.Derivative assets. See note 8 for a complete description of the methodology and assumptions utilized in determining fair values.Indebtedness, net