Company: BHR-PD
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001574085-25-000024
Chunk: 170

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 7
Chunk 170
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 beverage181,250 185,331 (4,081)(2.2)Other94,793 89,113 5,680 6.4 Total hotel revenue728,404 739,343 (10,939)(1.5)ExpensesHotel operating expenses:Rooms106,465 105,439 (1,026)(1.0)Food and beverage145,901 144,544 (1,357)(0.9)Other expenses225,864 227,913 2,049 0.9 Management fees23,500 23,261 (239)(1.0)Total hotel operating expenses501,730 501,157 (573)(0.1)Property taxes, insurance and other42,508 38,629 (3,879)(10.0)Depreciation and amortization98,733 93,272 (5,461)(5.9)Advisory services fee30,487 31,089 602 1.9 Corporate general and administrative14,361 13,523 (838)(6.2)Total expenses687,819 677,670 (10,149)(1.5)Gain (loss) on disposition of assets and hotel property88,165 — 88,165 Operating income (loss)128,750 61,673 67,077 108.8 Equity in earnings (loss) of unconsolidated entity(1,608)(253)(1,355)(535.6)Interest income7,135 6,401 734 11.5 Other income (expense)— 293 (293)(100.0)Interest expense and amortization of discounts and loan costs(108,124)(94,219)(13,905)(14.8)Write-off of loan costs and exit fees(6,111)(3,489)(2,622)(75.2)Gain (loss) on extinguishment of debt(22)2,318 (2,340)(100.9)Realized and unrealized gain (loss) on derivatives585 (663)1,248 (188.2)Income (loss) before income taxes20,605 (27,939)48,544 173.7 Income tax (expense) benefit(842)(2,689)1,847 68.7 Net income (loss)19,763