Company: BHR-PD
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001574085-25-000092
Chunk: 100

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 100
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20252024Occupancy71.85 %71.46 %ADR (average daily rate)$438.58 $435.24 RevPAR (revenue per available room)$315.11 $311.01 Rooms revenue (in thousands)$109,824 $108,395 Total hotel revenue (in thousands)$179,077 $173,475 

Net Income (Loss) Attributable to the Company. Net loss attributable to the Company decreased $6.1 million, from $11.6 million for the three months ended June 30, 2024 (the “2024 quarter”) to $5.5 million for the three months ended June 30, 2025 (the “2025 quarter”), as a result of the factors discussed below.

Rooms Revenue. Rooms revenue decreased $6.4 million, or 5.5%, to $109.8 million during the 2025 quarter compared to the 2024 quarter primarily due to the sale of the Hilton La Jolla Torrey Pines in July 2024. During the 2025 quarter, our 15 comparable hotel properties experienced a 39 basis point increase in occupancy and a 0.8% increase in room rates.

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Fluctuations in rooms revenue between the 2025 quarter and the 2024 quarter are a result of the changes in occupancy and ADR between the 2025 quarter and the 2024 quarter as reflected in the table below (dollars in thousands):

Hotel PropertyFavorable (Unfavorable) Rooms RevenueOccupancy (change in bps)ADR (change in %)Comparable Capital Hilton$(692)(457)— %Marriott Seattle Waterfront93 227 (1.7)%The Notary Hotel(77)(15)(0.7)%The Clancy1,243 381 10.3 %Sofitel Chicago Magnificent Mile164 (3)2.0 %Pier House Resort & Spa50 286 (3.1)%The Ritz-Carlton St. Thomas(1,696)(749)(4.2)%Park Hyatt Beaver Creek Resort & Spa (1)(442)(1,090)7.8 %Hotel Yountville (1)(357)(291)(6.7)%The Ritz-Carlton Sarasota199 363 (3.1)%Bardessono Hotel and Spa(196)(52)(3.7)%