Company: BHR-PD
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001574085-25-000092
Chunk: 189

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 189
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5 and 2024:

Six Months Ended June 30,20252024Occupancy68.23 %69.10 %ADR (average daily rate)$519.90 $479.67 RevPAR (revenue per available room)$354.74 $331.47 Rooms revenue (in thousands)$245,916 $254,779 Total hotel revenue (in thousands)$394,897 $406,666 

The following table illustrates the key performance indicators of the 15 comparable hotel properties that were owned for the full six months ended June 30, 2025 and 2024:

Six Months Ended June 30,20252024Occupancy68.23 %68.13 %ADR (average daily rate)$519.90 $506.85 RevPAR (revenue per available room)$354.74 $345.31 Rooms revenue (in thousands)$245,916 $240,652 Total hotel revenue (in thousands)$394,897 $380,814 

Net Income (Loss) Attributable to the Company. Net income attributable to the Company decreased $1.2 million from $4.4 million for the six months ended June 30, 2024 (the “2024 period”) to $5.5 million for the six months ended June 30, 2025 (the “2025 period”), as a result of the factors discussed below.

Rooms Revenue. Rooms revenue decreased $8.9 million to $245.9 million during the 2025 period compared to the 2024 period primarily due to the sale of the Hilton La Jolla Torrey Pines in July 2024. During the 2025 period, our 15 comparable hotel properties experienced a 2.6% increase in room rates and a ten basis point increase in occupancy compared to the 2024 period. 

Fluctuations in rooms revenue between the 2025 period and the 2024 period are a result of the changes in occupancy and ADR between the 2025 period and the 2024 period as reflected in the table below (dollars in thousands):

Hotel PropertyFavorable (Unfavorable)Rooms RevenueOccupancy (change in bps)ADR(change in %)Comparable Capital Hilton (2)$981 (290)8.7 %Marriott Seattle Waterfront215 227 (1.0)%The Notary Hotel897 279 2.9 %