2023 Q3 Form 10-Q Financial Statement

#000157408523000087 Filed on August 07, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $159.8M $186.7M
YoY Change -0.86% 6.75%
Cost Of Revenue $52.70M $56.30M
YoY Change 3.67% 8.08%
Gross Profit $107.1M $130.4M
YoY Change -2.95% 6.19%
Gross Profit Margin 67.02% 69.85%
Selling, General & Admin $76.70M $82.24M
YoY Change -2.65% 17.02%
% of Gross Profit 71.62% 63.06%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.70M $22.57M
YoY Change 15.09% 14.62%
% of Gross Profit 21.2% 17.3%
Operating Expenses $106.4M $113.0M
YoY Change -0.79% 17.54%
Operating Profit $651.0K $17.39M
YoY Change -79.06% -35.04%
Interest Expense -$22.20M -$20.35M
YoY Change 94.46% 126.5%
% of Operating Profit -3410.14% -117.05%
Other Income/Expense, Net $300.0K
YoY Change 1011.11%
Pretax Income -$23.80M -$3.213M
YoY Change 187.17% -118.09%
Income Tax -$1.190M -$75.00K
% Of Pretax Income
Net Earnings -$22.03M -$1.846M
YoY Change 174.0% -112.85%
Net Earnings / Revenue -13.79% -0.99%
Basic Earnings Per Share -$0.50 -$0.20
Diluted Earnings Per Share -$0.50 -$0.20
COMMON SHARES
Basic Shares Outstanding 65.99M shares 65.95M shares
Diluted Shares Outstanding 65.83M shares 65.81M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $149.5M $128.0M
YoY Change -58.34% -49.0%
Cash & Equivalents $149.5M $128.0M
Short-Term Investments
Other Short-Term Assets $14.00M $18.17M
YoY Change 58.35% 326.57%
Inventory $4.944M $5.119M
Prepaid Expenses
Receivables $35.90M $32.86M
Other Receivables $0.00 $0.00
Total Short-Term Assets $204.3M $184.2M
YoY Change -48.85% -37.07%
LONG-TERM ASSETS
Property, Plant & Equipment $1.882B $1.890B
YoY Change 15.86% 16.27%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.718M $1.699M
YoY Change -4.4% -0.47%
Other Assets $57.40M $63.51M
YoY Change 6.43% 32.0%
Total Long-Term Assets $2.063B $2.077B
YoY Change 13.95% 15.41%
TOTAL ASSETS
Total Short-Term Assets $204.3M $184.2M
Total Long-Term Assets $2.063B $2.077B
Total Assets $2.268B $2.262B
YoY Change 2.6% 8.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $144.1M $135.1M
YoY Change 17.97% 19.89%
Accrued Expenses $60.50M $60.54M
YoY Change -0.45% -0.49%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $215.2M $210.7M
YoY Change 8.86% 16.53%
LONG-TERM LIABILITIES
Long-Term Debt $1.179B $1.136B
YoY Change -4.7% -8.21%
Other Long-Term Liabilities $22.60M $22.67M
YoY Change 9.15% 6.47%
Total Long-Term Liabilities $1.201B $1.159B
YoY Change -4.47% -7.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $215.2M $210.7M
Total Long-Term Liabilities $1.201B $1.159B
Total Liabilities $1.416B $1.369B
YoY Change -2.67% -4.88%
SHAREHOLDERS EQUITY
Retained Earnings -$377.7M -$341.2M
YoY Change 22.72% 17.53%
Common Stock $659.0K $659.0K
YoY Change -7.7% -7.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $340.6M $376.5M
YoY Change
Total Liabilities & Shareholders Equity $2.268B $2.262B
YoY Change 2.6% 8.07%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$22.03M -$1.846M
YoY Change 174.0% -112.85%
Depreciation, Depletion And Amortization $22.70M $22.57M
YoY Change 15.09% 14.62%
Cash From Operating Activities $11.00M $19.65M
YoY Change -54.45% -61.51%
INVESTING ACTIVITIES
Capital Expenditures $19.40M $17.49M
YoY Change -216.74% -295.26%
Acquisitions
YoY Change
Other Investing Activities -$100.0K $118.0K
YoY Change -39.02% -192.19%
Cash From Investing Activities -$19.50M -$17.37M
YoY Change 16.2% 91.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 23.80M -155.4M
YoY Change -77.61% -603.53%
NET CHANGE
Cash From Operating Activities 11.00M 19.65M
Cash From Investing Activities -19.50M -17.37M
Cash From Financing Activities 23.80M -155.4M
Net Change In Cash 15.30M -153.1M
YoY Change -86.54% -310.26%
FREE CASH FLOW
Cash From Operating Activities $11.00M $19.65M
Capital Expenditures $19.40M $17.49M
Free Cash Flow -$8.400M $2.156M
YoY Change -120.6% -96.41%

Facts In Submission

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bhr Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
296000 usd
bhr Increase Decrease In Due To Related Parties Excluding Amounts Due To Affiliates
IncreaseDecreaseInDueToRelatedPartiesExcludingAmountsDueToAffiliates
605000 usd
bhr Increase Decrease In Due To Related Parties Excluding Amounts Due To Affiliates
IncreaseDecreaseInDueToRelatedPartiesExcludingAmountsDueToAffiliates
702000 usd
bhr Increase Decrease In Due To From Third Party Hotel Managers
IncreaseDecreaseInDueToFromThirdPartyHotelManagers
10678000 usd
bhr Increase Decrease In Due To From Third Party Hotel Managers
IncreaseDecreaseInDueToFromThirdPartyHotelManagers
9018000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-154000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-147000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
662000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
898000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
61963000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
79837000 usd
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
327000 usd
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
36000 usd
bhr Payment For Initial Franchise Fee
PaymentForInitialFranchiseFee
75000 usd
bhr Payment For Initial Franchise Fee
PaymentForInitialFranchiseFee
0 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
0 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
86798000 usd
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
158000 usd
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
164000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
36199000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
19910000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
70500000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
196355000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
68000000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
790000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1728000 usd
us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
3400000 usd
us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
1145000 usd
us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
4010000 usd
us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
0 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
19306000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
547000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
26139000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
7334000 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
97930000 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
71016000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
102000 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
4050000 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
164000 usd
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
7162000 usd
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
0 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
2024000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 usd
us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
904000 usd
us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
50000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-150090000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
62774000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
35775000 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
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
191464000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
299149000 usd
us-gaap Interest Paid Net
InterestPaidNet
53297000 usd
us-gaap Interest Paid Net
InterestPaidNet
17036000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2920000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-991000 usd
bhr Dividends And Distributions Declared But Not Paid
DividendsAndDistributionsDeclaredButNotPaid
8917000 usd
bhr Dividends And Distributions Declared But Not Paid
DividendsAndDistributionsDeclaredButNotPaid
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us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 usd
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
58601000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
21011000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
5363000 usd
bhr Issuance Of Common Shares For Hotel Acquisitions
IssuanceOfCommonSharesForHotelAcquisitions
0 usd
bhr Issuance Of Common Shares For Hotel Acquisitions
IssuanceOfCommonSharesForHotelAcquisitions
35040000 usd
bhr Accrued Preferred Stock Offering Expense
AccruedPreferredStockOfferingExpense
0 usd
bhr Accrued Preferred Stock Offering Expense
AccruedPreferredStockOfferingExpense
105000 usd
bhr Proceeds From Derivative Instrument Unsettled
ProceedsFromDerivativeInstrumentUnsettled
470000 usd
bhr Proceeds From Derivative Instrument Unsettled
ProceedsFromDerivativeInstrumentUnsettled
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
315696000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
128025000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
251032000 usd
CY2023Q2 us-gaap Restricted Cash
RestrictedCash
63439000 usd
CY2022Q2 us-gaap Restricted Cash
RestrictedCash
48117000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
191464000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
299149000 usd
CY2023Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
16 hotel
CY2023Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
16 hotel
CY2023Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
7 state
CY2023Q2 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
4192 room
CY2023Q2 bhr Number Of Units In Real Estate Property Net Partnership Interest
NumberOfUnitsInRealEstatePropertyNetPartnershipInterest
3957 room
CY2023Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
16 hotel
CY2023Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
16 hotel
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>
CY2023Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
16 hotel
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
186707000 usd
CY2022Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
15 hotel
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
174894000 usd
CY2023Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
16 hotel
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
402008000 usd
CY2022Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
15 hotel
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
336774000 usd
CY2022Q4 us-gaap Land
Land
630489000 usd
CY2022Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
1511949000 usd
CY2022Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
147019000 usd
CY2022Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
22890000 usd
CY2022Q4 us-gaap Rental Properties
RentalProperties
12746000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2325093000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
440492000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1884601000 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2022Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2023Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1140430000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1336750000 usd
CY2023Q2 bhr Debt Instrument Capitalized Default Interest And Late Fees
DebtInstrumentCapitalizedDefaultInterestAndLateFees
1046000 usd
CY2022Q4 bhr Debt Instrument Capitalized Default Interest And Late Fees
DebtInstrumentCapitalizedDefaultInterestAndLateFees
1934000 usd
CY2023Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3616000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5054000 usd
CY2023Q2 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
1902000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-500000 usd
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
1135958000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
1334130000 usd
CY2023Q2 bhr Libor Interest Rate Forward Curve
LIBORInterestRateForwardCurve
0.0522
CY2022Q4 bhr Libor Interest Rate Forward Curve
LIBORInterestRateForwardCurve
0.0439
CY2023Q2 bhr Secured Overnight Financing Rate Sofr Rate
SecuredOvernightFinancingRateSOFRRate
0.0514
CY2022Q4 bhr Secured Overnight Financing Rate Sofr Rate
SecuredOvernightFinancingRateSOFRRate
0.0436
CY2023Q2 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
420000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
888000 usd
CY2022Q2 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
500000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1000000 usd
CY2023Q2 bhr Fair Value Consideration Threshold For Transfer In Out Of Level3
FairValueConsiderationThresholdForTransferInOutOfLevel3
0.10
bhr Maturity Period Of Cash And Cash Equivalents Maximum
MaturityPeriodOfCashAndCashEquivalentsMaximum
P90D
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-1846000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
14366000 usd
us-gaap Net Income Loss
NetIncomeLoss
14188000 usd
us-gaap Net Income Loss
NetIncomeLoss
29029000 usd
CY2023Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
10877000 usd
CY2022Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
4064000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
21227000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
7367000 usd
CY2023Q2 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
301000 usd
CY2022Q2 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
0 usd
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
2755000 usd
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
0 usd
CY2023Q2 bhr Undistributed Net Income Loss Allocated To Common Stockholders
UndistributedNetIncomeLossAllocatedToCommonStockholders
-16359000 usd
CY2022Q2 bhr Undistributed Net Income Loss Allocated To Common Stockholders
UndistributedNetIncomeLossAllocatedToCommonStockholders
9413000 usd
bhr Undistributed Net Income Loss Allocated To Common Stockholders
UndistributedNetIncomeLossAllocatedToCommonStockholders
-16463000 usd
bhr Undistributed Net Income Loss Allocated To Common Stockholders
UndistributedNetIncomeLossAllocatedToCommonStockholders
19854000 usd
CY2023Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
-13068000 usd
CY2022Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
10120000 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
-9883000 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
21268000 usd
CY2022Q2 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
1108000 usd
us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
2211000 usd
CY2023Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
-13068000 usd
CY2022Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
13409000 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
-9883000 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
27080000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65806000 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
70740000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68378000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68325000 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
1000 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
13610000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
13610000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65806000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
107669000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68378000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
98798000 shares
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.20
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.20
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
CY2023Q2 bhr Net Income Loss Attributable To Antidilutive Securities
NetIncomeLossAttributableToAntidilutiveSecurities
10589000 usd
CY2022Q2 bhr Net Income Loss Attributable To Antidilutive Securities
NetIncomeLossAttributableToAntidilutiveSecurities
2086000 usd
bhr Net Income Loss Attributable To Antidilutive Securities
NetIncomeLossAttributableToAntidilutiveSecurities
23988000 usd
bhr Net Income Loss Attributable To Antidilutive Securities
NetIncomeLossAttributableToAntidilutiveSecurities
4323000 usd
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
138207000 shares
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10018000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
137070000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10004000 shares
CY2023Q2 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
-925000 usd
CY2022Q2 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
846000 usd
us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
-664000 usd
us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
1813000 usd
CY2023Q2 bhr Cash Distributions Declared
CashDistributionsDeclared
361000 usd
CY2022Q2 bhr Cash Distributions Declared
CashDistributionsDeclared
84000 usd
bhr Cash Distributions Declared
CashDistributionsDeclared
722000 usd
bhr Cash Distributions Declared
CashDistributionsDeclared
167000 usd
CY2023Q2 us-gaap Partners Capital Account Units Redeemed
PartnersCapitalAccountUnitsRedeemed
32500 shares
CY2023Q2 us-gaap Partners Capital Account Redemptions
PartnersCapitalAccountRedemptions
123000 usd
CY2023Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3335000 usd
CY2022Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
720000 usd
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
6669000 usd
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1440000 usd
CY2023Q2 bhr Related Party Transaction Base Fee112th Of Sum Of Market Capitalization And Net Asset Fee Adjustment
RelatedPartyTransactionBaseFee112thOfSumOfMarketCapitalizationAndNetAssetFeeAdjustment
0.0070
CY2023Q2 bhr Related Party Transaction Minimum Base Fee
RelatedPartyTransactionMinimumBaseFee
0.90
bhr Related Party Transaction Term Of Advisory Agreement
RelatedPartyTransactionTermOfAdvisoryAgreement
P3Y
CY2023Q2 bhr Related Party Transaction Agreement Term
RelatedPartyTransactionAgreementTerm
P12M
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
CY2023Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
16 hotel
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
bhr-20230630_def.xml Edgar Link unprocessable
0001574085-23-000087-index-headers.html Edgar Link pending
0001574085-23-000087-index.html Edgar Link pending
0001574085-23-000087.txt Edgar Link pending
0001574085-23-000087-xbrl.zip Edgar Link pending
bhr-20230630.htm Edgar Link pending
bhr-20230630.xsd Edgar Link pending
bhr2023q210-qxex311.htm Edgar Link pending
bhr2023q210-qxex312.htm Edgar Link pending
bhr2023q210-qxex321.htm Edgar Link pending
bhr2023q210-qxex322.htm Edgar Link pending
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