Company: BHR-PD
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001574085-25-000092
Chunk: 109

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 109
---
 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 %The Clancy 2,124 141 11.2 %Sofitel Chicago Magnificent Mile(75)(226)3.4 %Pier House Resort & Spa25 138 (1.1)%The Ritz-Carlton St. Thomas(2,161)(426)(1.3)%Park Hyatt Beaver Creek Resort & Spa (1)201 (480)11.0 %Hotel Yountville (1)(748)(834)0.6 %The Ritz-Carlton Sarasota (2)(1,413)72 (6.4)%Bardessono Hotel and Spa (2)40 324 (4.3)%The Ritz-Carlton Lake Tahoe (2)1,056 148 5.0 %Cameo Beverly Hills(212)(90)(2.4)%The Ritz-Carlton Reserve Dorado Beach3,136 703 (0.3)%Four Seasons Resort Scottsdale1,198 477 (1.9)%Total$5,264 10 2.6 %Non-comparableHilton La Jolla Torrey Pines$(14,127)n/an/a

________

(1)This hotel was under renovation during the 2025 period.

(2)This hotel was under renovation during the 2024 period.

42

Food and Beverage Revenue. Food and beverage revenue decreased $3.8 million, or 3.7%, to $97.4 million during the 2025 period compared to the 2024 period. We experienced an aggregate decrease in food and beverage revenue of $3.5 million at six comparable hotel properties and a decrease of $8.9 million due to the sale of Hilton La Jolla