Company: BHR-PD
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001574085-25-000092
Chunk: 172

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 172
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7,191)(7,828)(13,802)(14,528)Corporate, general and administrative2,298 (4,469)(596)(2,231)Equity in earnings (loss) of unconsolidated entities— (85)— (134)Interest income1,519 1,072 3,407 1,868 Other income (expense)(1,250)— (1,250)— Interest expense and amortization of discounts and loan costs(25,361)(27,285)(50,188)(53,776)Write-off of loan costs and exit fees(3)(82)(1,467)(803)Gain (loss) on extinguishment of debt— (22)— (22)Realized and unrealized gain (loss) on derivatives15 326 (183)1,258 Income tax (expense) benefit345 114 (1,122)(1,338)Net income (loss)$(6,841)$(13,787)$3,831 $1,695 

17. Subsequent Events

On August 7, 2025, we sold the Marriott Seattle Waterfront hotel pursuant to an Agreement of Purchase and Sale, entered into effective July 3, 2025, for $145 million in cash, subject to customary pro-rations and adjustments. Additionally, the Company repaid approximately $88.4 million on the mortgage loan that was partially secured by the hotel property. The net carrying value of the building and furniture, fixtures and equipment was approximately $100.9 million as of June 30, 2025.

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ITEM 2.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

This Quarterly Report on Form 10-Q (this “Form 10-Q”) contains registered trademarks that are the exclusive property of their respective owners, which are companies other than us, including Marriott International®, Hilton Worldwide®, Sofitel®, Hyatt® and Accor®.

FORWARD-LOOKING STATEMENTS

Throughout this Form 10-Q, we make forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are generally identifiable by use of forward-looking terminology such as “may,” “will,” “should,” “potential,” “intend,” “expect,” “anticipate,” “estimate,” “approximately,” “believe,” “could,” “project,” “predict,” or other similar words or expressions. Additionally,