Company: BHR-PD
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001574085-25-000130
Chunk: 114

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 114
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,105 6,698 60.3 Total expenses494,983 518,303 23,320 4.5 Gain (loss) on disposition of assets and hotel properties40,970 88,210 (47,240)(53.6)Operating income (loss)84,440 124,971 (40,531)(32.4)Equity in earnings (loss) of unconsolidated entity— (214)214 100.0 Interest income4,901 4,528 373 8.2 Other income (expense)(1,250)— (1,250)Interest expense and amortization of discounts and loan costs(75,376)(81,687)6,311 7.7 Write-off of loan costs and exit fees(1,833)(6,095)4,262 69.9 Gain (loss) on extinguishment of debt(1,553)(22)(1,531)(6,959.1)Realized and unrealized gain (loss) on derivatives(301)523 (824)(157.6)Income (loss) before income taxes9,028 42,004 (32,976)(78.5)Income tax (expense) benefit(474)(474)— — Net income (loss)8,554 41,530 (32,976)(79.4)(Income) loss attributable to noncontrolling interest in consolidated entities361 (26,317)(26,678)(101.4)Net (income) loss attributable to redeemable noncontrolling interests in operating partnership2,358 1,747 (611)(35.0)Net income (loss) attributable to the Company$11,273 $16,960 $(5,687)(33.5)%

All hotel properties owned for the nine months ended September 30, 2025 and 2024 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 nine months ended September 30, 2025 and 2024. 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 condensed consolidated financial statements:

Hotel PropertyLocationTypeDateHilton La Jolla Torrey Pines