Company: BHR-PD
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001574085-25-000024
Chunk: 171

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 7
Chunk 171
---
 (30,628)50,391 164.5 (Income) loss attributable to noncontrolling interest in consolidated entities(25,928)(1,619)24,309 1,501.5 Net (income) loss attributable to redeemable noncontrolling interests in operating partnership4,472 5,230 758 14.5 Net income (loss) attributable to the Company$(1,693)$(27,017)$25,324 93.7 %

All hotel properties owned for the year ended December 31, 2024 and 2023 have been included in our results of operations during the respective periods in which they were owned. Based on when a hotel property was acquired or disposed of, operating results for certain hotel properties are not comparable for the year ended December 31, 2024 and 2023. The hotel properties listed below are not comparable hotel properties for the periods indicated and all other hotel properties are considered comparable hotel properties. The following disposition affects reporting comparability related to our consolidated financial statements:

Hotel PropertyLocationTypeDateHilton La Jolla Torrey PinesLa Jolla, CaliforniaDispositionJuly 17, 2024

88

The following table illustrates the key performance indicators of all hotel properties that were included in our results of operations during the year ended December 31, 2024 and 2023:

Year Ended December 31,20242023Occupancy67.63 %66.94 %ADR (average daily rate)$452.03 $451.48 RevPAR (revenue per available room)$305.72 $302.20 Rooms revenue (in thousands)$452,361 $464,899 Total hotel revenue (in thousands)$728,404 $739,343 

The following table illustrates the key performance indicators of the 15 hotel properties that were owned for the full year ended December 31, 2024 and 2023:

Year Ended December 31,20242023Occupancy67.00 %65.72 %ADR (average daily rate)$465.21 $475.92 RevPAR (revenue per available room)$311.68 $312.76 Rooms revenue (in thousands)$436,861 $436,164 Total hotel revenue (in thousands)$700,504 $688,628 

Net Income (Loss) Attributable to the Company. Net loss attributable to the Company decreased $25.3