Company: BHR-PD
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001574085-25-000092
Chunk: 70

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 70
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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 %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

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

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