Braemar Hotels & Resorts Inc.

For the period ended Dec 31, 2023. Filed Mar 14, 2024.

About this filing

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FY2023 · Filed Mar 14, 2024

BHR$1.61+3.2%Stored close · as of Nov 9, 2026

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Contents

Item 2. Properties

Offices

We lease our headquarters located at 14185 Dallas Parkway, Suite 1200, Dallas, Texas 75254.

Hotel Properties

As of December 31, 2023, we held ownership interests in 16 hotel properties that were included in our consolidated operations, which included direct ownership in 14 hotel properties and 75% ownership in two hotel properties through equity investments with our partner. Fourteen of our hotel properties are located in the United States, one is located in Puerto Rico, one is located in the U.S. Virgin Islands.

The following table presents certain information related to our hotel properties:

Hotel Property · Location · Total Rooms · % Owned · Owned Rooms · Occupancy · ADR · RevPAR
Fee Simple Properties
Capital Hilton	Washington, D.C.	550	75%	413		72.92%		$250.11		$182.39
Marriott Seattle Waterfront	Seattle, WA	369	100%	369		70.69%		298.39		210.94
The Notary Hotel	Philadelphia, PA	499	100%	499		62.44%		230.59		143.97
The Clancy	San Francisco, CA	410	100%	410		70.81%		309.19		218.95
Sofitel Chicago Magnificent Mile	Chicago, IL	415	100%	415		70.30%		239.57		168.42
Pier House Resort & Spa	Key West, FL	142	100%	142		72.66%		641.70		466.29
The Ritz-Carlton St. Thomas	St. Thomas, USVI	180	100%	180		66.43%		1,099.14		730.15
Park Hyatt Beaver Creek Resort & Spa	Beaver Creek, CO	193	100%	193		55.81%		645.73		360.35
Hotel Yountville	Yountville, CA	80	100%	80		60.78%		694.51		422.10
The Ritz-Carlton Sarasota	Sarasota, FL	276	100%	276		62.98%		587.54		370.04
The Ritz-Carlton Lake Tahoe (1)	Truckee, CA	170	100%	170		50.72%		731.00		370.79
Cameo Beverly Hills (2)	Los Angeles, CA	143	100%	143		72.78%		308.71		224.69
The Ritz-Carlton Reserve Dorado Beach (3)	Dorado, Puerto Rico	96	100%	96	63.00%		2,126.17		1,339.53
Four Seasons Resort Scottsdale	Scottsdale, AZ	210	100%	210	48.27%		967.22		466.92
Ground Lease Properties (4)
Hilton La Jolla Torrey Pines (5)	La Jolla, CA	394	75%	296		78.76%		253.71		199.82
Bardessono Hotel and Spa (6)	Yountville, CA	65	100%	65		66.22%		1,045.70		692.48
Total		4,192		3,957		67.13%		$440.41		$295.65

(1)The above information does not include the operations of the voluntary rental program with respect to condominium units not owned by the Company.

(2)Includes 138 hotel rooms and five residences adjacent to the hotel. On August 1, 2023, the Company announced the rebranding and planned conversion of its Mr. C Beverly Hills in Los Angeles, California to the Cameo Beverly Hills. Following an extensive renovation, which is expected to be completed by the end of 2025, the hotel will join LXR Hotels & Resorts.

(3)The above information does not include the operations of the voluntary rental program with respect to residential units not owned by the Company.

(4) Some of our hotel properties are on land subject to ground leases, two of which cover the entire property.

(5) The ground lease expires in 2067. The ground lease contains one extension option of either 10 or 20 years dependent upon capital investment during the lease term.

(6) The initial ground lease expires in 2065. The ground lease contains two 25-year extension options, at our election.

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