Company: BHR-PD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001574085-25-000051
Chunk: 158

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 158
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ota (2)(1,611)(215)(7.9)%Bardessono Hotel and Spa (2)237 688 (3.1)%The Ritz-Carlton Lake Tahoe610 (395)14.5 %Cameo Beverly Hills(118)(723)7.5 %The Ritz-Carlton Reserve Dorado Beach1,372 641 (1.2)%Four Seasons Resort Scottsdale173 387 (3.4)%Total$3,835 (22)4.4 %Non-comparableHilton La Jolla Torrey Pines$(6,295)n/an/a

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

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

34

Food and Beverage Revenue. Food and beverage revenue decreased $1.8 million, or 3.3%, to $51.8 million during the 2025 quarter compared to the 2024 quarter. We experienced an aggregate decrease in food and beverage revenue of $1.3 million at seven comparable hotel properties as well as a decrease of $4.1 million due to the sale of Hilton La Jolla Torrey Pines. These decreases were partially offset by an aggregate increase of approximately $3.6 million at The Ritz-Carlton Lake Tahoe, Four Seasons Resort Scottsdale, The Ritz-Carlton Reserve Dorado Beach, The Notary Hotel, Marriott Seattle Waterfront, The Ritz-Carlton Sarasota, Pier House Resort & Spa and Bardessono Hotel and Spa.

Other Hotel Revenue. Other hotel revenue, which consists mainly of condominium management fees, health center fees, resort fees, golf, telecommunications, parking and rentals, increased $960,000, or 3.6%, to $27.9 million during the 2025 quarter compared to the 2024 quarter. This increase is attributable to higher other hotel revenue of $2.8 million at 11 comparable hotel properties. These increases were partially offset by a decrease of $1.4 million due to the sale of Hilton La Jolla Torrey Pines as well as an aggregate decrease of approximately $477,000 at Park Hyatt Beaver Creek Resort & Spa, The Ritz-Carlton Reserve Dorado Beach, The Ritz-Carlton Lake Tahoe and The Ritz-Carlton St. Thomas.

Rooms Expense. Rooms expense decreased $45,000, or 0.2%,