Company: BHR-PD
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001574085-25-000092
Chunk: 2

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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 394,897 406,666 EXPENSESHotel operating expenses:Rooms27,285 27,476 55,504 55,740 Food and beverage35,767 36,664 75,977 77,381 Other expenses56,445 58,155 116,821 118,231 Management fees5,541 6,068 12,451 13,044 Total hotel operating expenses125,038 128,363 260,753 264,396 Property taxes, insurance and other7,892 10,058 18,357 20,755 Depreciation and amortization23,360 24,694 46,755 50,114 Advisory services fee7,191 7,828 13,802 14,528 Corporate general and administrative(2,298)4,469 596 2,231 Total operating expenses161,183 175,412 340,263 352,024 OPERATING INCOME (LOSS)17,894 12,175 54,634 54,642 Equity in earnings (loss) of unconsolidated entity— (85)— (134)Interest income1,519 1,072 3,407 1,868 Other income (expense)(1,250)— (1,250)— Interest expense and amortization of discounts and loan costs(25,361)(27,285)(50,188)(53,776)Write-off of loan costs and exit fees(3)(82)(1,467)(803)Gain (loss) on extinguishment of debt— (22)— (22)Realized and unrealized gain (loss) on derivatives15 326 (183)1,258 INCOME (LOSS) BEFORE INCOME TAXES(7,186)(13,901)4,953 3,033 Income tax (expense) benefit345 114 (1,122)(1,338)NET INCOME (LOSS)(6,841)(13,787)3,831 1,695 (Income) loss attributable to noncontrolling interest in consolidated entities(115)303 (51)1,046 Net (income) loss attributable to redeemable noncontrolling interests in operating partnership1,489 1,919 1,751 1,623 NET INCOME (LOSS) ATTRIBUTABLE TO THE