Braemar Hotels & Resorts Inc.
For the period ended Dec 31, 2024. Filed Mar 12, 2025.
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FY2024 · Filed Mar 12, 2025
BHR$1.63+1.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets — December 31, 2024 and 2023
( in thousands, except share and per share amounts)
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Investments in hotel properties, gross | $2,252,574 | $2,382,716 |
| Accumulated depreciation | (473,888) | (498,508) |
| Investments in hotel properties, net | 1,778,686 | 1,884,208 |
| Cash and cash equivalents | 135,465 | 85,599 |
| Restricted cash | 49,592 | 80,904 |
| Investment in securities (amortized cost of $42,279) | 41,535 | — |
| Accounts receivable, net of allowance of $459 and $237, respectively | 31,754 | 39,199 |
| Inventories | 4,664 | 5,003 |
| Note receivable | 8,283 | — |
| Prepaid expenses | 5,116 | 9,938 |
| Deferred costs, net | 75 | 75 |
| Investment in unconsolidated entity | 145 | 1,674 |
| Derivative assets | 356 | 2,847 |
| Operating lease right-of-use assets | 34,852 | 78,383 |
| Other assets | 19,538 | 17,751 |
| Intangible assets, net | 3,125 | 3,504 |
| Due from third-party hotel managers | 22,873 | 17,739 |
| Total assets | $2,136,059 | $2,226,824 |
| LIABILITIES AND EQUITY | ||
| Liabilities: | ||
| Indebtedness, net | $1,210,018 | $1,162,444 |
| Accounts payable and accrued expenses | 143,566 | 149,867 |
| Dividends and distributions payable | 9,255 | 9,158 |
| Due to Ashford Inc. | 4,267 | 1,471 |
| Due to related parties, net | 1,055 | 603 |
| Due to third-party hotel managers | 1,476 | 1,608 |
| Operating lease liabilities | 19,984 | 60,379 |
| Other liabilities | 24,268 | 22,756 |
| Derivative liabilities | — | 12 |
| Total liabilities | 1,413,889 | 1,408,298 |
| Commitments and contingencies (note 18) | ||
| 5.50% Series B cumulative convertible preferred stock, $0.01 par value, 3,078,017 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively | 65,426 | 65,426 |
| Series E redeemable preferred stock, $0.01 par value, 14,910,521 and 16,316,315 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively | 352,502 | 377,035 |
| Series M redeemable preferred stock, $0.01 par value, 1,476,621 and 1,832,805 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively | 36,916 | 45,623 |
| Redeemable noncontrolling interests in operating partnership | 29,964 | 32,395 |
| Equity: | ||
| Preferred stock, $0.01 par value, 80,000,000 shares authorized: | ||
| 8.25% Series D cumulative preferred stock, 1,600,000 shares issued and outstanding at December 31, 2024 and December 31, 2023 | 16 | 16 |
| Common stock, $0.01 par value, 250,000,000 shares authorized, 66,607,823 and 66,636,353 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively | 665 | 666 |
| Additional paid-in capital | 718,536 | 718,498 |
| Accumulated other comprehensive income (loss) | (684) | — |
| Accumulated deficit | (477,804) | (412,199) |
| Total stockholders’ equity of the Company | 240,729 | 306,981 |
| Noncontrolling interest in consolidated entities | (3,367) | (8,934) |
| Total equity | 237,362 | 298,047 |
| Total liabilities and equity | $2,136,059 | $2,226,824 |
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