Company: BHR-PD
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001574085-25-000024
Chunk: 234

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 234
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 Seattle WaterfrontMortgage loan (8)(9)The Ritz-Carlton St. ThomasAugust 2025August 2026SOFR (1) + 4.35%— — 42,500 114,224 Mortgage loan (9)(10)Pier House Resort & SpaSeptember 2025September 2026SOFR (1) + 3.60%— — 80,000 81,806 Mortgage loan (11)The Ritz-Carlton Reserve Dorado BeachMarch 2026March 2026SOFR (1) + 4.75%62,000 186,539 — — Convertible Senior NotesEquityJune 2026June 20264.50%86,250 — 86,250 — BAML Credit Facility (9)(12)Bardessono Hotel & SpaJuly 2026July 2027Base Rate (2) +1.25% to 2.00% or SOFR (1) + 2.35% to 3.10%— — 200,000 303,405 Hotel YountvilleThe Ritz-Carlton SarasotaMortgage loan (9)Bardessono Hotel & SpaAugust 2026August 2029SOFR (1) + 3.24%407,000 496,223 — — Hotel YountvilleThe Ritz-Carlton SarasotaPier House Resort & SpaThe Ritz-Carlton St. ThomasMortgage loan (13)Four Seasons Resort ScottsdaleDecember 2026December 2028SOFR (1) + 3.75%140,000 255,631 140,000 261,737 Mortgage loan (14)Capital HiltonDecember 2026December 2028SOFR (1) + 3.75%110,600 134,013 110,600 143,840 1,222,943 1,707,293 1,173,043 1,694,923 Capitalized default interest and late charges, net— 120 Deferred loan costs, net(11,985)(9,135)Premiums/(discounts), net(940)(1,584)Indebtedness, net$1,210,018 $1,162,444 __________________(1)SOFR rates were