Braemar Hotels & Resorts Inc.

Braemar Hotels & Resorts Inc. reported a net loss attributable to common stockholders of $72.7 million for fiscal year 2025, driven by a net loss of $28.4 million. Total hotel revenue was $704.0 million, with total operating expenses of $714.4 million, resulting in an operating income of $72.4 million, significantly aided by an $82.8 million gain on disposition of assets and hotel properties. The company's balance sheet shows total assets of $1.86 billion, with net investments in hotel properties of $1.56 billion and total liabilities of $1.34 billion. Cash flow from operations was positive at $40.8 million, while financing activities used $268.6 million primarily for debt repayments and preferred stock redemptions. The company's portfolio consists of 13 hotel properties with 3,028 rooms, generating approximately 74% of rooms revenue from transient business, 24% from group sales, and 2% from contract sales for the year ended December 31, 2025.

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