Company: BHR-PD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001574085-25-000051
Chunk: 127

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 127
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Three Months Ended March 31,Favorable (Unfavorable) 20252024$ Change% ChangeRevenueRooms$136,092 $138,552 $(2,460)(1.8)%Food and beverage51,788 53,547 (1,759)(3.3)Other27,940 26,980 960 3.6 Total hotel revenue215,820 219,079 (3,259)(1.5)ExpensesHotel operating expenses:Rooms28,219 28,264 45 0.2 Food and beverage40,210 40,717 507 1.2 Other expenses60,376 60,076 (300)(0.5)Management fees6,910 6,976 66 0.9 Total hotel operating expenses135,715 136,033 318 0.2 Property taxes, insurance and other10,465 10,685 220 2.1 Depreciation and amortization23,395 25,420 2,025 8.0 Advisory services fee6,611 6,700 89 1.3 Corporate general and administrative2,894 (2,226)(5,120)(230.0)Total expenses179,080 176,612 (2,468)(1.4)Operating income (loss)36,740 42,467 (5,727)(13.5)Equity in earnings (loss) of unconsolidated entity— (49)49 100.0 Interest income1,888 796 1,092 137.2 Interest expense and amortization of discounts and loan costs(24,827)(26,491)1,664 6.3 Write-off of loan costs and exit fees(1,464)(721)(743)(103.1)Realized and unrealized gain (loss) on derivatives(198)932 (1,130)(121.2)Income (loss) before income taxes12,139 16,934 (4,795)(28.3)Income tax (expense) benefit(1,467)(1,452)(15)(1.0)Net income (loss)10,672 15,482 (4,810)(31.1)(Income) loss attributable to noncontrolling interest in consolidated entities64 743 679 91.4