Braemar Hotels & Resorts ( (BHR) ) has released its Q1 earnings. Here is a breakdown of the information Braemar Hotels & Resorts presented to its investors.
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Braemar Hotels & Resorts is a real estate investment trust (REIT) specializing in luxury hotels and resorts, known for its strategic investments in high-end properties across various prime locations.
In its first-quarter 2025 earnings report, Braemar Hotels & Resorts highlighted a modest increase in key performance metrics, despite reporting a net loss attributable to common stockholders. The company continues to focus on strategic refinancing and property management transitions to enhance its portfolio value.
Key financial metrics for the quarter included a 4.2% increase in Comparable Revenue Per Available Room (RevPAR) to $404 and a 4.5% rise in Average Daily Rate (ADR) to $626, although occupancy slightly decreased to 64.6%. The company reported a net loss of $2.5 million or $0.04 per diluted share, with Adjusted Funds From Operations (AFFO) at $0.40 per diluted share. Adjusted EBITDAre was $63.0 million, and Comparable Hotel EBITDA saw a 5.3% increase to $70.8 million.
Strategically, Braemar extended its mortgage loan for the Ritz-Carlton Lake Tahoe and completed a refinancing of five hotels, addressing its 2025 debt maturity and reducing interest costs. The company also transitioned the Sofitel Chicago Magnificent Mile to a franchise structure, aiming to uplift the property’s value.
Looking ahead, Braemar Hotels & Resorts remains focused on executing its shareholder value creation plan, with management optimistic about the company’s positioning to outperform in the luxury hotel sector. The company plans to continue its strategic initiatives to enhance its portfolio and financial performance.