Company: BHR-PD
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001574085-25-000130
Chunk: 222

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 222
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26,240 (18)26,240 

(2) Includes amounts associated with funding certain expenses of Ashford Securities LLC, which in the 2024 period included a true up of these expenses based on capital raised. 

(3) Includes amounts related to expense reductions from an insurance recovery for prior legal expenses of $400,000 and $5.0 million, respectively for the three and nine months ended September 30, 2025.

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The following table presents certain information related to our hotel properties as of September 30, 2025:

Hotel PropertyLocationTotal Rooms% OwnedOwned RoomsFee Simple PropertiesCapital HiltonWashington, D.C.559 75 %419 The Notary HotelPhiladelphia, PA499 100 %499 The ClancySan Francisco, CA410 100 %410 Sofitel Chicago Magnificent MileChicago, IL415 100 %415 Pier House Resort & SpaKey West, FL142 100 %142 The Ritz-Carlton St. Thomas St. Thomas, USVI180 100 %180 Park Hyatt Beaver Creek Resort & SpaBeaver Creek, CO193 100 %193 Hotel YountvilleYountville, CA80 100 %80 The Ritz-Carlton SarasotaSarasota, FL 276 100 %276 The Ritz-Carlton Lake Tahoe (1)Truckee, CA170 100 %170 Cameo Beverly Hills (2)Los Angeles, CA143 100 %143 The Ritz-Carlton Reserve Dorado Beach (3)Dorado, Puerto Rico96 100 %96Four Seasons Resort ScottsdaleScottsdale, AZ210 100 %210Ground Lease Property (4)Bardessono Hotel and Spa (5)Yountville, CA65 100 %65 Total3,438 3,298 ________

(1)    The above information does not include the operations of the voluntary rental program with respect to condominium units not owned by the Company.

(2)    Includes 138 hotel rooms and five residences adjacent to the hotel. On August 1, 2023, the Company announced the rebranding and planned conversion of its Mr. C Beverly Hills in Los Angeles, California to the Cameo Beverly Hills. Following an extensive renovation, which is expected to be completed by the end of 2025, the hotel will join L