Earnings ·
Reports Q3 net loss of $3.51 per share after recording $480M termination fee
BHRBraemar Hotels & Resorts Inc.
Braemar Hotels & Resorts Inc. reported a third-quarter net loss attributable to common stockholders of $240.9 million, or $3.51 per diluted share, compared with a loss of $8.2 million in the prior-year period. The deterioration was primarily driven by a one-time $480.0 million termination fee payable to its external advisor recorded during the quarter. Despite this charge, comparable hotel operating metrics remained strong: RevPAR increased 14.4% year-over-year to $284, and Comparable Hotel EBITDA rose 20.7% to $12.9 million. The company also announced dividends for its Series B ($0.3438 per share), Series D ($0.5156 per share), Series E ($0.15625 per share), and Series M ($0.17708–$0.18125 per share) preferred stocks, payable in November and January 2027. Braemar Hotels & Resorts Inc. is a real estate investment trust focused on the high-growth luxury hotel and resort sector.