Company: BHR-PD
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001574085-25-000130
Chunk: 182

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 182
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)(3,966)(84)Ownership expenses included in property taxes, insurance and other(66)(37)(224)(269)Management fees(103)(234)(393)(541)Depreciation and amortization(23,164)(25,078)(69,919)(75,192)Advisory services fee(7,915)(8,627)(21,717)(23,155)Corporate, general and administrative(3,811)(8,874)(4,407)(11,105)Gain (loss) on disposition of assets and hotel properties40,970 88,210 40,970 88,210 Equity in earnings (loss) of unconsolidated entities— (80)— (214)Interest income1,494 2,660 4,901 4,528 Other income (expense)— — (1,250)— Interest expense and amortization of discounts and loan costs(25,188)(27,911)(75,376)(81,687)Write-off of loan costs and exit fees(366)(5,292)(1,833)(6,095)Gain (loss) on extinguishment of debt(1,553)— (1,553)(22)Realized and unrealized gain (loss) on derivatives(118)(735)(301)523 Income tax (expense) benefit648 864 (474)(474)Net income (loss)$4,723 $39,835 $8,554 $41,530 

17. Subsequent Event

On November 6, 2025, we sold The Clancy pursuant to an Agreement of Purchase and Sale, entered into effective October 6, 2025, for $115.0 million in cash, subject to customary pro-rations and adjustments. Additionally, the Company repaid approximately $64.7 million on the mortgage loan that was partially secured by the hotel property. The net carrying value of the land, building and furniture, fixtures and equipment was approximately $66.9 million as of September 30, 2025. 

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ITEM 2.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

This Quarterly Report on Form 10-Q (this “Form 10-Q”) contains registered trademarks that are the exclusive property of their respective owners, which are companies other than us, including Marriott International®, Hilton Worldwide®, Sofitel®, Hyatt® and