Company: BHR-PD
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001574085-25-000024
Chunk: 26

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1
Chunk 26
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2022, the Company acquired a 100% interest in the 96-room Ritz-Carlton Reserve Dorado Beach in Dorado, Puerto Rico. Approximately $8.3 million has been spent on capital expenditures since the acquisition.

The Ritz-Carlton Reserve Dorado Beach opened in 2013. Situated on a portion of the original Rockefeller estate, The Ritz-Carlton Reserve Dorado Beach is an intimate refuge, infused with references to the surrounding natural landscape and diverse culture. It has 96 guest rooms, each of which features beautiful modern decor, a large wardrobe and marble floors. Some rooms also feature an en-suite plunge pool and spectacular ocean views.

Additional property highlights include:

•    Meeting Space: The property offers entirely customizable meeting packages that combine ocean-view meeting space, bespoke services and meeting expertise. A private dining room and several lawns are also available for more social gatherings.

•    Food and Beverage: The property features three dining outlets including COA, the property’s signature steakhouse and Positivo, offering upscale open-air, ocean front dining with an Asian inspired influence.

•    Other Amenities: The property offers an award winning spa, fitness center, kids club and excellent views of the Caribbean Sea.

Location and Access. Puerto Rico’s capital of San Juan is 25 miles away, and guests can reach Luis Muñoz Marín International Airport within a 50-minute drive of the property.

Operating History. The following table shows certain historical information regarding Ritz-Carlton Reserve Dorado Beach since 2022:

Year Ended December 31,Year Ended December 31,2022 (Combined)Period from March 11, 2022 through December 31, 2022Period from January 1, 2022 through March 10, 202220242023Rooms96 96 96 96 96 Occupancy57.5 %63.0 %61.6 %63.5 %53.1 %ADR$2,239.48 $2,126.17 $2,015.83 $1,928.50 $2,462.11 RevPAR$1,288.64 $1,339.53 $1,240.97 $1,225.27 $1,308.32 

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The above information does not include the operations of the voluntary rental program with respect to residential units not owned by the Company.

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