Company: BHR-PD
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001574085-25-000130
Chunk: 2

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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71,967 Total hotel revenue143,556 148,398 538,453 555,064 EXPENSESHotel operating expenses:Rooms24,728 25,548 80,232 81,288 Food and beverage30,685 31,998 106,662 109,379 Other expenses51,766 51,300 168,587 169,531 Management fees4,440 4,869 16,891 17,913 Total hotel operating expenses111,619 113,715 372,372 378,111 Property taxes, insurance and other8,211 9,985 26,568 30,740 Depreciation and amortization23,164 25,078 69,919 75,192 Advisory services fee7,915 8,627 21,717 23,155 Corporate general and administrative3,811 8,874 4,407 11,105 Total operating expenses154,720 166,279 494,983 518,303 Gain (loss) on disposition of assets and hotel properties40,970 88,210 40,970 88,210 OPERATING INCOME (LOSS)29,806 70,329 84,440 124,971 Equity in earnings (loss) of unconsolidated entity— (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 (LOSS) BEFORE INCOME TAXES4,075 38,971 9,028 42,004 Income tax (expense) benefit648 864 (474)(474)NET INCOME (LOSS)4,723 39,835 8,554 41,530 (Income) loss attributable to noncontrolling interest in consolidated entities412 (27,363)361 (26,317)