Company: BHR-PD
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001574085-25-000130
Chunk: 181

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 181
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 for the Company’s hotels, reconciled to the consolidated amounts included in the Company’s condensed consolidated statements of operations (in thousands):Three Months Ended September 30,Nine Months Ended September 30,2025202420252024REVENUERooms$85,701 $92,427 $331,617 $347,206 Food and beverage36,637 34,781 133,996 135,891 Other hotel revenue21,218 21,190 72,840 71,967 Total hotel revenue$143,556 $148,398 $538,453 $555,064 EXPENSESHotel expenses:Rooms$24,728 $25,548 $80,232 $81,288 Food and beverage30,685 31,998 106,662 109,379 Direct expenses7,236 7,263 24,903 25,002 Indirect expenses:Property, general and administration14,364 14,873 45,228 47,120 Sales and marketing11,138 11,639 36,868 37,644 Information and telecommunications systems1,969 2,141 5,928 6,261 Repairs and maintenance7,802 7,494 23,627 23,062 Energy6,148 6,093 17,899 17,838 Lease expense634 807 1,756 3,463 Ownership expenses995 690 3,149 2,627 Incentive management fee(187)219 5,263 6,430 Management fees4,337 4,635 16,498 17,372 Property taxes4,405 5,712 14,358 16,625 Other taxes331 309 1,098 1,154 Insurance3,409 3,927 10,888 12,692 Total expenses117,994 123,348 394,357 407,957 Hotel adjusted EBITDA$25,562 $25,050 $144,096 $147,107 Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Hotel adjusted EBITDA$25,562 $25,050 $144,096 $147,107 Ownership expenses included in other hotel expenses(1,667)(81