2023 Q2 Form 10-Q Financial Statement

#000157408523000064 Filed on May 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $186.7M $215.3M
YoY Change 6.75% 33.0%
Cost Of Revenue $56.30M $62.30M
YoY Change 8.08% 34.82%
Gross Profit $130.4M $153.0M
YoY Change 6.19% 32.27%
Gross Profit Margin 69.85% 71.07%
Selling, General & Admin $82.24M $84.74M
YoY Change 17.02% 33.53%
% of Gross Profit 63.06% 55.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.57M $22.52M
YoY Change 14.62% 21.34%
% of Gross Profit 17.3% 14.72%
Operating Expenses $113.0M $115.2M
YoY Change 17.54% 29.13%
Operating Profit $17.39M $37.80M
YoY Change -35.04% 42.9%
Interest Expense -$20.35M -$21.17M
YoY Change 126.5% 159.43%
% of Operating Profit -117.05% -56.01%
Other Income/Expense, Net
YoY Change
Pretax Income -$3.213M $18.93M
YoY Change -118.09% 3.94%
Income Tax -$75.00K $2.329M
% Of Pretax Income 12.3%
Net Earnings -$1.846M $16.03M
YoY Change -112.85% 9.35%
Net Earnings / Revenue -0.99% 7.45%
Basic Earnings Per Share -$0.20 $0.05
Diluted Earnings Per Share -$0.20 $0.05
COMMON SHARES
Basic Shares Outstanding 65.95M shares 66.03M shares
Diluted Shares Outstanding 65.81M shares 72.48M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $128.0M $281.5M
YoY Change -49.0% 52.03%
Cash & Equivalents $128.0M $281.5M
Short-Term Investments
Other Short-Term Assets $18.17M $8.826M
YoY Change 326.57% 17.55%
Inventory $5.119M $5.243M
Prepaid Expenses
Receivables $32.86M $45.00M
Other Receivables $0.00 $0.00
Total Short-Term Assets $184.2M $340.6M
YoY Change -37.07% 50.53%
LONG-TERM ASSETS
Property, Plant & Equipment $1.890B $1.880B
YoY Change 16.27% 15.01%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.699M $1.715M
YoY Change -0.47% 6.06%
Other Assets $63.51M $63.06M
YoY Change 32.0% 53.14%
Total Long-Term Assets $2.077B $2.069B
YoY Change 15.41% 13.56%
TOTAL ASSETS
Total Short-Term Assets $184.2M $340.6M
Total Long-Term Assets $2.077B $2.069B
Total Assets $2.262B $2.410B
YoY Change 8.07% 17.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $135.1M $129.6M
YoY Change 19.89% 9.33%
Accrued Expenses $60.54M $60.62M
YoY Change -0.49% -0.4%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $210.7M $204.2M
YoY Change 16.53% 9.2%
LONG-TERM LIABILITIES
Long-Term Debt $1.136B $1.278B
YoY Change -8.21% 3.19%
Other Long-Term Liabilities $22.67M $22.72M
YoY Change 6.47% 1.15%
Total Long-Term Liabilities $1.159B $1.300B
YoY Change -7.96% 3.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $210.7M $204.2M
Total Long-Term Liabilities $1.159B $1.300B
Total Liabilities $1.369B $1.505B
YoY Change -4.88% 3.93%
SHAREHOLDERS EQUITY
Retained Earnings -$341.2M -$324.8M
YoY Change 17.53% 7.09%
Common Stock $659.0K $659.0K
YoY Change -7.44% -7.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $376.5M $391.6M
YoY Change
Total Liabilities & Shareholders Equity $2.262B $2.410B
YoY Change 8.07% 17.64%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income -$1.846M $16.03M
YoY Change -112.85% 9.35%
Depreciation, Depletion And Amortization $22.57M $22.52M
YoY Change 14.62% 21.34%
Cash From Operating Activities $19.65M $42.31M
YoY Change -61.51% 46.95%
INVESTING ACTIVITIES
Capital Expenditures $17.49M $18.71M
YoY Change -295.26% -119.14%
Acquisitions
YoY Change
Other Investing Activities $118.0K -$24.00K
YoY Change -192.19%
Cash From Investing Activities -$17.37M -$18.73M
YoY Change 91.21% -80.84%
FINANCING ACTIVITIES
Cash Dividend Paid $12.63M
YoY Change 327.99%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -155.4M $5.273M
YoY Change -603.53% -83.48%
NET CHANGE
Cash From Operating Activities 19.65M $42.31M
Cash From Investing Activities -17.37M -$18.73M
Cash From Financing Activities -155.4M $5.273M
Net Change In Cash -153.1M $28.86M
YoY Change -310.26% -177.92%
FREE CASH FLOW
Cash From Operating Activities $19.65M $42.31M
Capital Expenditures $17.49M $18.71M
Free Cash Flow $2.156M $23.61M
YoY Change -96.41% -81.34%

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0.05
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3334000 usd
CY2023Q1 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
2024000 usd
CY2023Q1 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
16343000 usd
CY2023Q1 us-gaap Increase In Carrying Amount Of Redeemable Preferred Stock
IncreaseInCarryingAmountOfRedeemablePreferredStock
2454000 usd
CY2023Q1 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
4000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
377551000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
382298000 usd
CY2022Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
552000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1320000 usd
CY2022Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
35041000 usd
CY2022Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
720000 usd
CY2022Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
0 usd
CY2022Q1 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
164000 usd
CY2022Q1 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
14637000 usd
CY2022Q1 us-gaap Increase In Carrying Amount Of Redeemable Preferred Stock
IncreaseInCarryingAmountOfRedeemablePreferredStock
993000 usd
CY2022Q1 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-4386000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
417905000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
16604000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
15604000 usd
CY2023Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
22521000 usd
CY2022Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
18441000 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2213000 usd
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2254000 usd
CY2023Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
188000 usd
CY2022Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
269000 usd
CY2023Q1 us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
2318000 usd
CY2022Q1 us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
0 usd
CY2023Q1 bhr Amortization Of Loan Costs And Capitalized Default Interest
AmortizationOfLoanCostsAndCapitalizedDefaultInterest
447000 usd
CY2022Q1 bhr Amortization Of Loan Costs And Capitalized Default Interest
AmortizationOfLoanCostsAndCapitalizedDefaultInterest
109000 usd
CY2023Q1 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
12000 usd
CY2022Q1 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
76000 usd
CY2023Q1 bhr Depreciation And Amortization Excluding Intangible Assets
DepreciationAndAmortizationExcludingIntangibleAssets
119000 usd
CY2022Q1 bhr Depreciation And Amortization Excluding Intangible Assets
DepreciationAndAmortizationExcludingIntangibleAssets
119000 usd
CY2023Q1 bhr Amortization Of Non Refundable Membership Initiation Fees
AmortizationOfNonRefundableMembershipInitiationFees
410000 usd
CY2022Q1 bhr Amortization Of Non Refundable Membership Initiation Fees
AmortizationOfNonRefundableMembershipInitiationFees
333000 usd
CY2023Q1 bhr Interest Expense Accretion On Refundable Membership Club Deposits
InterestExpenseAccretionOnRefundableMembershipClubDeposits
178000 usd
CY2022Q1 bhr Interest Expense Accretion On Refundable Membership Club Deposits
InterestExpenseAccretionOnRefundableMembershipClubDeposits
190000 usd
CY2023Q1 us-gaap Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
-334000 usd
CY2022Q1 us-gaap Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
408000 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-73000 usd
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-72000 usd
CY2023Q1 bhr Deferred Tax Expense Benefit
DeferredTaxExpenseBenefit
37000 usd
CY2022Q1 bhr Deferred Tax Expense Benefit
DeferredTaxExpenseBenefit
0 usd
CY2023Q1 bhr Increase Decrease In Accounts Receivable And Inventories
IncreaseDecreaseInAccountsReceivableAndInventories
-6473000 usd
CY2022Q1 bhr Increase Decrease In Accounts Receivable And Inventories
IncreaseDecreaseInAccountsReceivableAndInventories
1068000 usd
CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3453000 usd
CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4662000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-731000 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
7046000 usd
CY2023Q1 bhr Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
141000 usd
CY2022Q1 bhr Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
147000 usd
CY2023Q1 bhr Increase Decrease In Due To Related Parties Excluding Amounts Due To Affiliates
IncreaseDecreaseInDueToRelatedPartiesExcludingAmountsDueToAffiliates
-13000 usd
CY2022Q1 bhr Increase Decrease In Due To Related Parties Excluding Amounts Due To Affiliates
IncreaseDecreaseInDueToRelatedPartiesExcludingAmountsDueToAffiliates
840000 usd
CY2023Q1 bhr Increase Decrease In Due To From Third Party Hotel Managers
IncreaseDecreaseInDueToFromThirdPartyHotelManagers
6859000 usd
CY2022Q1 bhr Increase Decrease In Due To From Third Party Hotel Managers
IncreaseDecreaseInDueToFromThirdPartyHotelManagers
-12230000 usd
CY2023Q1 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-7314000 usd
CY2022Q1 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
1703000 usd
CY2023Q1 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-72000 usd
CY2022Q1 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-73000 usd
CY2023Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
426000 usd
CY2022Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
698000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
42314000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
28794000 usd
CY2023Q1 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
75000 usd
CY2022Q1 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 usd
CY2023Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
0 usd
CY2022Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
86958000 usd
CY2023Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
99000 usd
CY2022Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 usd
CY2023Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
18706000 usd
CY2022Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
10791000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-18730000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-97749000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
CY2022Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
70500000 usd
CY2023Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
54250000 usd
CY2022Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
67750000 usd
CY2023Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
404000 usd
CY2022Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1667000 usd
CY2023Q1 us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
755000 usd
CY2022Q1 us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
76000 usd
CY2023Q1 us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
1601000 usd
CY2022Q1 us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
0 usd
CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
18952000 usd
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2023Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
12630000 usd
CY2022Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
2951000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
98009000 usd
CY2022Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
33735000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2022Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
-36000 usd
CY2023Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
2024000 usd
CY2022Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
164000 usd
CY2023Q1 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
7039000 usd
CY2022 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
0 usd
CY2023Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
2024000 usd
CY2022Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 usd
CY2023Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-307000 usd
CY2022Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 usd
CY2022Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5273000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
31919000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
28857000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-37036000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
315696000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
263374000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
344553000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
226338000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
30283000 usd
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
6434000 usd
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-2989000 usd
CY2023Q1 bhr Dividends And Distributions Declared But Not Paid
DividendsAndDistributionsDeclaredButNotPaid
8756000 usd
CY2022Q1 bhr Dividends And Distributions Declared But Not Paid
DividendsAndDistributionsDeclaredButNotPaid
3229000 usd
CY2023Q1 bhr Stock Repurchase Accrued But Not Paid
StockRepurchaseAccruedButNotPaid
352000 usd
CY2022Q1 bhr Stock Repurchase Accrued But Not Paid
StockRepurchaseAccruedButNotPaid
552000 usd
CY2023Q1 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 usd
CY2022Q1 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
58601000 usd
CY2023Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6047000 usd
CY2022Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4054000 usd
CY2023Q1 bhr Issuance Of Common Shares For Hotel Acquisitions
IssuanceOfCommonSharesForHotelAcquisitions
0 usd
CY2022Q1 bhr Issuance Of Common Shares For Hotel Acquisitions
IssuanceOfCommonSharesForHotelAcquisitions
35040000 usd
CY2023Q1 bhr Accrued Common Stock Offering Expense
AccruedCommonStockOfferingExpense
0 usd
CY2022Q1 bhr Accrued Common Stock Offering Expense
AccruedCommonStockOfferingExpense
39000 usd
CY2023Q1 bhr Accrued Preferred Stock Offering Expense
AccruedPreferredStockOfferingExpense
80000 usd
CY2022Q1 bhr Accrued Preferred Stock Offering Expense
AccruedPreferredStockOfferingExpense
40000 usd
CY2023Q1 bhr Proceeds From Derivative Instrument Unsettled
ProceedsFromDerivativeInstrumentUnsettled
596000 usd
CY2022Q1 bhr Proceeds From Derivative Instrument Unsettled
ProceedsFromDerivativeInstrumentUnsettled
0 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
261541000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
215998000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
54155000 usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
47376000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
315696000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
263374000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
281490000 usd
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
185157000 usd
CY2023Q1 us-gaap Restricted Cash
RestrictedCash
63063000 usd
CY2022Q1 us-gaap Restricted Cash
RestrictedCash
41181000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
344553000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
226338000 usd
CY2023Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
16 hotel
CY2023Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
16 hotel
CY2023Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
7 state
CY2023Q1 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
4192 room
CY2023Q1 bhr Number Of Units In Real Estate Property Net Partnership Interest
NumberOfUnitsInRealEstatePropertyNetPartnershipInterest
3957 room
CY2023Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
16 hotel
CY2023Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
16 hotel
CY2023Q1 us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;text-decoration:underline">Use of Estimates</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">—The preparation of these condensed consolidated financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</span>
CY2023Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
16 hotel
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
215301000 usd
CY2022Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
15 hotel
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
161880000 usd
CY2023Q1 us-gaap Land
Land
630842000 usd
CY2022Q4 us-gaap Land
Land
630489000 usd
CY2023Q1 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
1515711000 usd
CY2022Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
1511949000 usd
CY2023Q1 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
153456000 usd
CY2022Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
147019000 usd
CY2023Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
22790000 usd
CY2022Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
22890000 usd
CY2023Q1 us-gaap Rental Properties
RentalProperties
12746000 usd
CY2022Q4 us-gaap Rental Properties
RentalProperties
12746000 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2335545000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2325093000 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
455279000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
440492000 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1880266000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1884601000 usd
CY2023Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2022Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1282500000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1336750000 usd
CY2023Q1 bhr Debt Instrument Capitalized Default Interest And Late Fees
DebtInstrumentCapitalizedDefaultInterestAndLateFees
1465000 usd
CY2022Q4 bhr Debt Instrument Capitalized Default Interest And Late Fees
DebtInstrumentCapitalizedDefaultInterestAndLateFees
1934000 usd
CY2023Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4266000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5054000 usd
CY2023Q1 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
2057000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-500000 usd
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
1277642000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
1334130000 usd
CY2023Q1 bhr Libor Interest Rate Forward Curve
LIBORInterestRateForwardCurve
0.0486
CY2022Q4 bhr Libor Interest Rate Forward Curve
LIBORInterestRateForwardCurve
0.0439
CY2023Q1 bhr Secured Overnight Financing Rate Sofr Rate
SecuredOvernightFinancingRateSOFRRate
0.0480
CY2022Q4 bhr Secured Overnight Financing Rate Sofr Rate
SecuredOvernightFinancingRateSOFRRate
0.0436
CY2023Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
468000 usd
CY2022Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
523000 usd
CY2023Q1 bhr Fair Value Consideration Threshold For Transfer In Out Of Level3
FairValueConsiderationThresholdForTransferInOutOfLevel3
0.10
CY2023Q1 bhr Libor Interest Rate Forward Curve
LIBORInterestRateForwardCurve
0.04858
CY2023Q1 bhr Sofr Interest Rate Forward Curve
SOFRInterestRateForwardCurve
0.03125
CY2023Q1 bhr Maturity Period Of Cash And Cash Equivalents Maximum
MaturityPeriodOfCashAndCashEquivalentsMaximum
P90D
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
16034000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
14663000 usd
CY2023Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
10350000 usd
CY2022Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3303000 usd
CY2023Q1 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
2454000 usd
CY2022Q1 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
0 usd
CY2023Q1 bhr Undistributed Net Income Loss Allocated To Common Stockholders
UndistributedNetIncomeLossAllocatedToCommonStockholders
-104000 usd
CY2022Q1 bhr Undistributed Net Income Loss Allocated To Common Stockholders
UndistributedNetIncomeLossAllocatedToCommonStockholders
10439000 usd
CY2023Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
3185000 usd
CY2022Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
11146000 usd
CY2023Q1 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
0 usd
CY2022Q1 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
1103000 usd
CY2023Q1 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
261000 usd
CY2023Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
3446000 usd
CY2022Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
13669000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66498000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65878000 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
3000 shares
CY2023Q1 bhr Incremental Common Shares Attributable To Dilutive Effect Of Assumed Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToDilutiveEffectOfAssumedConversionOfOperatingPartnershipUnits
5980000 shares
CY2022Q1 bhr Incremental Common Shares Attributable To Dilutive Effect Of Assumed Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToDilutiveEffectOfAssumedConversionOfOperatingPartnershipUnits
0 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
13609000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
72478000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
89895000 shares
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
CY2023Q1 bhr Net Income Loss Attributable To Antidilutive Securities
NetIncomeLossAttributableToAntidilutiveSecurities
13138000 usd
CY2022Q1 bhr Net Income Loss Attributable To Antidilutive Securities
NetIncomeLossAttributableToAntidilutiveSecurities
2240000 usd
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
129954000 shares
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9990000 shares
CY2023Q1 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
261000 usd
CY2022Q1 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
967000 usd
CY2023Q1 bhr Cash Distributions Declared
CashDistributionsDeclared
361000 usd
CY2022Q1 bhr Cash Distributions Declared
CashDistributionsDeclared
83000 usd
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3334000 usd
CY2022Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
720000 usd
CY2023Q1 bhr Related Party Transaction Base Fee112th Of Sum Of Market Capitalization And Net Asset Fee Adjustment
RelatedPartyTransactionBaseFee112thOfSumOfMarketCapitalizationAndNetAssetFeeAdjustment
0.0070
CY2023Q1 bhr Related Party Transaction Minimum Base Fee
RelatedPartyTransactionMinimumBaseFee
0.90
CY2023Q1 bhr Related Party Transaction Term Of Advisory Agreement
RelatedPartyTransactionTermOfAdvisoryAgreement
P3Y
CY2020Q4 bhr Contribution Agreement Preferred Equity Offering
ContributionAgreementPreferredEquityOffering
400000000 usd
CY2018Q3 bhr Advisory Agreement Architecture Fees
AdvisoryAgreementArchitectureFees
0.065
CY2018Q3 bhr Advisory Agreement Construction Management Fees
AdvisoryAgreementConstructionManagementFees
0.10
CY2018Q3 bhr Advisory Agreement Interior Design Fees
AdvisoryAgreementInteriorDesignFees
0.06
CY2018Q3 bhr Advisory Agreement Ffe Purchasing Fees
AdvisoryAgreementFFEPurchasingFees
0.08
CY2018Q3 bhr Advisory Agreement Ffe Purchasing Fees Freight And Tax Threshold
AdvisoryAgreementFFEPurchasingFeesFreightAndTaxThreshold
2000000 usd
CY2018Q3 bhr Advisory Agreement Ffe Purchasing Fees With Freight And Tax Threshold
AdvisoryAgreementFFEPurchasingFeesWithFreightAndTaxThreshold
0.06
CY2018Q3 bhr Advisory Agreement Ffe Purchasing Fees Freight And Tax Threshold
AdvisoryAgreementFFEPurchasingFeesFreightAndTaxThreshold
2000000 usd
CY2023Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
16 hotel
CY2023Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment

Files In Submission

Name View Source Status
bhr-20230331_def.xml Edgar Link unprocessable
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0001574085-23-000064-index.html Edgar Link pending
0001574085-23-000064.txt Edgar Link pending
0001574085-23-000064-xbrl.zip Edgar Link pending
bhr-20230331.htm Edgar Link pending
bhr-20230331.xsd Edgar Link pending
bhr2023q110-qxex311.htm Edgar Link pending
bhr2023q110-qxex312.htm Edgar Link pending
bhr2023q110-qxex322.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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bhr-20230331_lab.xml Edgar Link unprocessable
bhr-20230331_cal.xml Edgar Link unprocessable
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bhr-20230331_htm.xml Edgar Link completed
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