Company: BHR-PD
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001574085-25-000024
Chunk: 46

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1
Chunk 46
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 a threshold amount (equal to 8% of our total investment in the hotel), capped at 2.5% of gross hotel revenues2% of gross hotel revenues$13,891,288 plus 8% of all expenditures to fund capital improvementsNot applicable

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HotelManagement Fee(1)Incentive FeeMarketing Fee Owner’s Priority(2)Owner’sInvestment(2)Pier House Resort & SpaGreater of $17,320 monthly or 3%The lesser of 1% of gross revenues or the amount by which actual house profit exceeds budgeted house profitNot applicableNot applicableNot applicableBardessono Hotel and SpaGreater of $17,320 monthly or 3%The lesser of 1% of gross revenues or the amount by which actual house profit exceeds budgeted house profitNot applicableNot applicableNot applicableThe Ritz-Carlton St. Thomas3.0%, comprised of a management fee of 0.4% and a royalty fee of 2.6%20% of the excess, if any, of Operating Profit for such Fiscal Year over owner’s priority for such Fiscal Year1.0% of gross revenues$11,097,622 plus 10.25% of the amount of owner-funded capital expenditures Not applicablePark Hyatt Beaver Creek Resort & SpaGreater of 3.0% or $2,627,452 on an annual basis (increased annually by lesser of CPI or 8% of prior year management fee)12.5% Profit plus 15% of Profit less the Base Fee that is in excess of $4 millionNot applicableNot applicableNot applicableHotel YountvilleGreater of $17,320 monthly or 3%The lesser of 1% of gross revenues or the amount by which actual house profit exceeds budgeted house profitNot applicableNot applicableNot applicableThe Ritz-Carlton Sarasota3%20% of Available cash flow defined as Net Operating Income minus the owner’s priority1% of gross hotel revenues for each fiscal year, excluding member dues, initiation, or joining fees or deposits of Club members$7,465,000 plus 10.25% of the amount of future owner-funded capital expendituresNot applicableThe Ritz-Carlton Lake Tahoe3%The sum of (i) 15% of the amount by which Adjusted House Profit (“AHP”) for such Fiscal Year exceeds the owner’s priority; provided, however, that in no event shall the total, aggregate sum of the Base