Company: BHR-PD
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001574085-25-000024
Chunk: 6

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1
Chunk 6
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 opened in 1943 and is comprised of 559 guest rooms, including 283 king rooms, 94 queen/queen rooms, 90 double/double rooms, 81 single queen rooms and two parlor suites. Approximately $109.2 million has been spent on capital expenditures since the acquisition of the hotel by Ashford HHC Partners III LP in 2007, which has included renovations to the guest rooms, public space, meeting space, lobby and restaurant.

The hotel is strategically located at 16th and K Street, in close proximity to the White House and other government facilities. The hotel has significant historical connotations and is located near numerous Washington, D.C. attractions including the National Mall. The offices of a number of legal firms and national associations are located within walking distance of the property.

Additional property highlights include:

•    Meeting Space: Approximately 31,000 square feet of contiguous meeting space located on the same floor.

•    Food and Beverage: The Capital Hilton hosts (i) the Northgate Grill, a full service restaurant with 130 seats and (ii) the Statler Lounge, a lobby bar with 72 seats.

•     Other Amenities: The hotel has a health club, gift shop, business center and valet parking.

Location and Access. The hotel is conveniently located in the center of Washington, D.C., north of the White House and near the National Mall and numerous tourist attractions. By virtue of its size and clear signage, it is visible from both directions on 16th street. The hotel is approximately five miles from Ronald Reagan Washington National Airport.

Operating History. The following table shows certain historical information regarding the Capital Hilton since 2022:

Year Ended December 31,202420232022Rooms559 550 550 Occupancy78.6 %72.9 %65.2 %ADR$262.26 $250.11 $228.36 RevPAR$206.23 $182.39 $148.82 

Selected Financial Information. The following tables show certain selected financial information regarding the Capital Hilton since 2022 (dollars in thousands):

Year Ended December 31,202420232022Total Revenue$65,134 $57,716 $45,113 Rooms Revenue42,164 36,615 29,877 Hotel net income(5,023)4,934 1,125 Hotel net income margin(7.7)%8