$BHR
Braemar Hotels & Resorts Inc.

2023 Q4 Form 10-Q Financial Statement

#000157408523000103 Filed on November 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $177.5M $159.8M
YoY Change 3.44% -0.86%
Cost Of Revenue $56.60M $52.70M
YoY Change 0.63% 3.67%
Gross Profit $120.9M $107.1M
YoY Change 4.82% -2.95%
Gross Profit Margin 68.12% 67.02%
Selling, General & Admin $84.08M $76.70M
YoY Change 6.77% -2.65%
% of Gross Profit 69.52% 71.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $25.48M $22.70M
YoY Change 24.26% 15.09%
% of Gross Profit 21.07% 21.2%
Operating Expenses $115.1M $106.4M
YoY Change 11.41% -0.79%
Operating Profit $5.837M $651.0K
YoY Change -51.63% -79.06%
Interest Expense -$25.05M -$22.20M
YoY Change 49.21% 94.46%
% of Operating Profit -429.23% -3410.14%
Other Income/Expense, Net $0.00 $300.0K
YoY Change -100.0% 1011.11%
Pretax Income -$19.86M -$23.80M
YoY Change 362.57% 187.17%
Income Tax $1.625M -$1.190M
% Of Pretax Income
Net Earnings -$31.12M -$22.03M
YoY Change 130.71% 174.0%
Net Earnings / Revenue -17.53% -13.79%
Basic Earnings Per Share -$0.50
Diluted Earnings Per Share -$0.47 -$0.50
COMMON SHARES
Basic Shares Outstanding 65.99M shares 65.99M shares
Diluted Shares Outstanding 65.83M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $85.60M $149.5M
YoY Change -67.27% -58.34%
Cash & Equivalents $85.60M $149.5M
Short-Term Investments
Other Short-Term Assets $9.938M $14.00M
YoY Change 41.08% 58.35%
Inventory $5.003M $4.944M
Prepaid Expenses
Receivables $39.20M $35.90M
Other Receivables $0.00 $0.00
Total Short-Term Assets $139.7M $204.3M
YoY Change -57.04% -48.85%
LONG-TERM ASSETS
Property, Plant & Equipment $1.963B $1.882B
YoY Change 4.14% 15.86%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.674M $1.718M
YoY Change -0.89% -4.4%
Other Assets $80.98M $57.40M
YoY Change 49.53% 6.43%
Total Long-Term Assets $2.087B $2.063B
YoY Change 0.71% 13.95%
TOTAL ASSETS
Total Short-Term Assets $139.7M $204.3M
Total Long-Term Assets $2.087B $2.063B
Total Assets $2.227B $2.268B
YoY Change -7.13% 2.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $149.9M $144.1M
YoY Change 11.86% 17.97%
Accrued Expenses $60.38M $60.50M
YoY Change -0.52% -0.45%
Deferred Revenue $49.40M
YoY Change 7.39%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $223.1M $215.2M
YoY Change 3.78% 8.86%
LONG-TERM LIABILITIES
Long-Term Debt $1.162B $1.179B
YoY Change -12.87% -4.7%
Other Long-Term Liabilities $22.77M $22.60M
YoY Change 0.62% 9.15%
Total Long-Term Liabilities $1.185B $1.201B
YoY Change -12.64% -4.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $223.1M $215.2M
Total Long-Term Liabilities $1.185B $1.201B
Total Liabilities $1.432B $1.416B
YoY Change -8.9% -2.67%
SHAREHOLDERS EQUITY
Retained Earnings -$412.2M -$377.7M
YoY Change 26.93% 22.72%
Common Stock $666.0K $659.0K
YoY Change -4.72% -7.7%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $795.1M $340.6M
YoY Change
Total Liabilities & Shareholders Equity $2.227B $2.268B
YoY Change -7.13% 2.6%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$31.12M -$22.03M
YoY Change 130.71% 174.0%
Depreciation, Depletion And Amortization $25.48M $22.70M
YoY Change 24.26% 15.09%
Cash From Operating Activities $11.71M $11.00M
YoY Change 113.03% -54.45%
INVESTING ACTIVITIES
Capital Expenditures $21.52M $19.40M
YoY Change -92.32% -216.74%
Acquisitions
YoY Change
Other Investing Activities $33.00K -$100.0K
YoY Change -98.02% -39.02%
Cash From Investing Activities -$21.49M -$19.50M
YoY Change -92.29% 16.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -30.55M 23.80M
YoY Change -117.36% -77.61%
NET CHANGE
Cash From Operating Activities 11.71M 11.00M
Cash From Investing Activities -21.49M -19.50M
Cash From Financing Activities -30.55M 23.80M
Net Change In Cash -40.33M 15.30M
YoY Change -58.48% -86.54%
FREE CASH FLOW
Cash From Operating Activities $11.71M $11.00M
Capital Expenditures $21.52M $19.40M
Free Cash Flow -$9.811M -$8.400M
YoY Change -96.43% -120.6%

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us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
27000 usd
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
5000 usd
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.03
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
2159000 usd
us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
23254000 usd
us-gaap Increase In Carrying Amount Of Redeemable Preferred Stock
IncreaseInCarryingAmountOfRedeemablePreferredStock
4802000 usd
us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
206000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
418259000 usd
us-gaap Profit Loss
ProfitLoss
-9145000 usd
us-gaap Profit Loss
ProfitLoss
23901000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
67791000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
57616000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
6854000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
8941000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
592000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
727000 usd
us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
2318000 usd
us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
0 usd
bhr Amortization Of Loan Costs And Capitalized Default Interest
AmortizationOfLoanCostsAndCapitalizedDefaultInterest
1485000 usd
bhr Amortization Of Loan Costs And Capitalized Default Interest
AmortizationOfLoanCostsAndCapitalizedDefaultInterest
-525000 usd
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
2848000 usd
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
106000 usd
bhr Depreciation And Amortization Excluding Intangible Assets
DepreciationAndAmortizationExcludingIntangibleAssets
356000 usd
bhr Depreciation And Amortization Excluding Intangible Assets
DepreciationAndAmortizationExcludingIntangibleAssets
356000 usd
bhr Amortization Of Non Refundable Membership Initiation Fees
AmortizationOfNonRefundableMembershipInitiationFees
1288000 usd
bhr Amortization Of Non Refundable Membership Initiation Fees
AmortizationOfNonRefundableMembershipInitiationFees
1150000 usd
bhr Interest Expense Accretion On Refundable Membership Club Deposits
InterestExpenseAccretionOnRefundableMembershipClubDeposits
507000 usd
bhr Interest Expense Accretion On Refundable Membership Club Deposits
InterestExpenseAccretionOnRefundableMembershipClubDeposits
545000 usd
us-gaap Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
918000 usd
us-gaap Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
4019000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-208000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-220000 usd
bhr Deferred Tax Expense Benefit
DeferredTaxExpenseBenefit
112000 usd
bhr Deferred Tax Expense Benefit
DeferredTaxExpenseBenefit
0 usd
bhr Increase Decrease In Accounts Receivable And Inventories
IncreaseDecreaseInAccountsReceivableAndInventories
-15058000 usd
bhr Increase Decrease In Accounts Receivable And Inventories
IncreaseDecreaseInAccountsReceivableAndInventories
-443000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
10720000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5745000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
784000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
8013000 usd
bhr Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
433000 usd
bhr Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
436000 usd
bhr Increase Decrease In Due To Related Parties Excluding Amounts Due To Affiliates
IncreaseDecreaseInDueToRelatedPartiesExcludingAmountsDueToAffiliates
418000 usd
bhr Increase Decrease In Due To Related Parties Excluding Amounts Due To Affiliates
IncreaseDecreaseInDueToRelatedPartiesExcludingAmountsDueToAffiliates
673000 usd
bhr Increase Decrease In Due To From Third Party Hotel Managers
IncreaseDecreaseInDueToFromThirdPartyHotelManagers
11944000 usd
bhr Increase Decrease In Due To From Third Party Hotel Managers
IncreaseDecreaseInDueToFromThirdPartyHotelManagers
5692000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-222000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-215000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1017000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
836000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
73001000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
103986000 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
237000 usd
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
328000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
55593000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
36528000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-55578000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-123618000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
236000000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
70500000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
390210000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
68250000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3340000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1847000 usd
us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
3981000 usd
us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
2092000 usd
us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
6014000 usd
us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
0 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
19308000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1307000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
39431000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
12981000 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
97863000 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
185176000 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
4761000 usd
us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
193000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-126290000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
169068000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-108867000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
149436000 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
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
206829000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
412810000 usd
us-gaap Interest Paid Net
InterestPaidNet
67345000 usd
us-gaap Interest Paid Net
InterestPaidNet
29747000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3129000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1209000 usd
bhr Dividends And Distributions Declared But Not Paid
DividendsAndDistributionsDeclaredButNotPaid
8967000 usd
bhr Dividends And Distributions Declared But Not Paid
DividendsAndDistributionsDeclaredButNotPaid
4353000 usd
bhr Stock Repurchase Accrued But Not Paid
StockRepurchaseAccruedButNotPaid
0 usd
bhr Stock Repurchase Accrued But Not Paid
StockRepurchaseAccruedButNotPaid
1000 usd
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
15954000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6746000 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
53000 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
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
149496000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
358878000 usd
CY2023Q3 us-gaap Restricted Cash
RestrictedCash
57333000 usd
CY2022Q3 us-gaap Restricted Cash
RestrictedCash
53932000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
206829000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
412810000 usd
CY2023Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
16 hotel
CY2023Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
7 state
CY2023Q3 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
4192 room
CY2023Q3 bhr Number Of Units In Real Estate Property Net Partnership Interest
NumberOfUnitsInRealEstatePropertyNetPartnershipInterest
3957 room
CY2023Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
16 hotel
CY2023Q3 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>
CY2023Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
16 hotel
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
159801000 usd
CY2022Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
15 hotel
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
161189000 usd
CY2023Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
16 hotel
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
561809000 usd
CY2022Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
15 hotel
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
497963000 usd
CY2023Q3 us-gaap Land
Land
630842000 usd
CY2022Q4 us-gaap Land
Land
630489000 usd
CY2023Q3 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
1524186000 usd
CY2022Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
1511949000 usd
CY2023Q3 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
155899000 usd
CY2022Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
147019000 usd
CY2023Q3 us-gaap Construction In Progress Gross
ConstructionInProgressGross
41583000 usd
CY2022Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
22890000 usd
CY2023Q3 us-gaap Rental Properties
RentalProperties
12746000 usd
CY2022Q4 us-gaap Rental Properties
RentalProperties
12746000 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2365256000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2325093000 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
483081000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
440492000 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1882175000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1884601000 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2022Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2023Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1187430000 usd
CY2023Q3 bhr Debt Instrument Capitalized Default Interest And Late Fees
DebtInstrumentCapitalizedDefaultInterestAndLateFees
625000 usd
CY2023Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
7591000 usd
CY2023Q3 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
1744000 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
1178720000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
1334130000 usd
CY2022Q4 bhr Libor Interest Rate Forward Curve
LIBORInterestRateForwardCurve
0.0439
CY2023Q3 bhr Secured Overnight Financing Rate Sofr Rate
SecuredOvernightFinancingRateSOFRRate
0.0532
CY2022Q4 bhr Secured Overnight Financing Rate Sofr Rate
SecuredOvernightFinancingRateSOFRRate
0.0430
CY2023Q3 bhr Debt Instrument Number Of Extension Options
DebtInstrumentNumberOfExtensionOptions
1 extension
CY2023Q3 bhr Debt Instrument Term Of Extension Option
DebtInstrumentTermOfExtensionOption
P1Y
CY2023Q3 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
421000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1300000 usd
CY2022Q3 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
481000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1500000 usd
bhr Maturity Period Of Cash And Cash Equivalents Maximum
MaturityPeriodOfCashAndCashEquivalentsMaximum
P90D
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-22030000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-8040000 usd
us-gaap Net Income Loss
NetIncomeLoss
-7842000 usd
us-gaap Net Income Loss
NetIncomeLoss
20989000 usd
CY2023Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
10582000 usd
CY2022Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6028000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
31809000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
13395000 usd
CY2023Q3 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
516000 usd
CY2022Q3 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
2649000 usd
CY2022Q3 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
2649000 usd
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
3271000 usd
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
4802000 usd
CY2023Q3 bhr Undistributed Net Income Loss Allocated To Common Stockholders
UndistributedNetIncomeLossAllocatedToCommonStockholders
-36463000 usd
CY2022Q3 bhr Undistributed Net Income Loss Allocated To Common Stockholders
UndistributedNetIncomeLossAllocatedToCommonStockholders
-17436000 usd
bhr Undistributed Net Income Loss Allocated To Common Stockholders
UndistributedNetIncomeLossAllocatedToCommonStockholders
-52926000 usd
bhr Undistributed Net Income Loss Allocated To Common Stockholders
UndistributedNetIncomeLossAllocatedToCommonStockholders
541000 usd
CY2023Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
-33172000 usd
CY2023Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
-33172000 usd
CY2022Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
-16726000 usd
CY2022Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
-16726000 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
-43055000 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
-43055000 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
2665000 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
2665000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65825000 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
70956000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68010000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69213000 shares
CY2023Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2022Q3 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
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65825000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70956000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68010000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69214000 shares
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.50
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.24
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.63
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.50
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.24
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.63
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2023Q3 bhr Net Income Loss Attributable To Antidilutive Securities
NetIncomeLossAttributableToAntidilutiveSecurities
9081000 usd
CY2022Q3 bhr Net Income Loss Attributable To Antidilutive Securities
NetIncomeLossAttributableToAntidilutiveSecurities
7806000 usd
bhr Net Income Loss Attributable To Antidilutive Securities
NetIncomeLossAttributableToAntidilutiveSecurities
33069000 usd
bhr Net Income Loss Attributable To Antidilutive Securities
NetIncomeLossAttributableToAntidilutiveSecurities
19818000 usd
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
185776000 shares
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
69299000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
153306000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
50083000 shares
CY2023Q3 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
-2354000 usd
CY2022Q3 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
-1166000 usd
us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
-3018000 usd
us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
647000 usd
CY2023Q3 bhr Cash Distributions Declared
CashDistributionsDeclared
361000 usd
CY2022Q3 bhr Cash Distributions Declared
CashDistributionsDeclared
84000 usd
bhr Cash Distributions Declared
CashDistributionsDeclared
1083000 usd
bhr Cash Distributions Declared
CashDistributionsDeclared
251000 usd
CY2023Q1 bhr Partners Capital Account Redemption Ratio
PartnersCapitalAccountRedemptionRatio
1
CY2023Q2 us-gaap Partners Capital Account Units Redeemed
PartnersCapitalAccountUnitsRedeemed
32500 shares
CY2023Q2 us-gaap Partners Capital Account Redemptions
PartnersCapitalAccountRedemptions
123000 usd
CY2023Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3335000 usd
CY2022Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
719000 usd
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
10004000 usd
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
2159000 usd
CY2023Q3 bhr Related Party Transaction Base Fee112th Of Sum Of Market Capitalization And Net Asset Fee Adjustment
RelatedPartyTransactionBaseFee112thOfSumOfMarketCapitalizationAndNetAssetFeeAdjustment
0.0070
CY2023Q3 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
CY2020Q4 bhr Contribution Agreement Preferred Equity Offering
ContributionAgreementPreferredEquityOffering
400000000 usd
CY2023Q3 bhr Advisory Agreement Architecture Fees
AdvisoryAgreementArchitectureFees
0.065
CY2023Q3 bhr Advisory Agreement Construction Management Fees
AdvisoryAgreementConstructionManagementFees
0.10
CY2023Q3 bhr Advisory Agreement Interior Design Fees
AdvisoryAgreementInteriorDesignFees
0.06
CY2023Q3 bhr Advisory Agreement Ffe Purchasing Fees
AdvisoryAgreementFFEPurchasingFees
0.08
CY2023Q3 bhr Advisory Agreement Ffe Purchasing Fees Freight And Tax Threshold
AdvisoryAgreementFFEPurchasingFeesFreightAndTaxThreshold
2000000 usd
CY2023Q3 bhr Advisory Agreement Ffe Purchasing Fees With Freight And Tax Threshold
AdvisoryAgreementFFEPurchasingFeesWithFreightAndTaxThreshold
0.06
CY2023Q3 bhr Advisory Agreement Ffe Purchasing Fees Freight And Tax Threshold
AdvisoryAgreementFFEPurchasingFeesFreightAndTaxThreshold
2000000 usd
CY2023Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
16 hotel
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
bhr-20230930_cal.xml Edgar Link unprocessable
0001574085-23-000103-index-headers.html Edgar Link pending
0001574085-23-000103-index.html Edgar Link pending
0001574085-23-000103.txt Edgar Link pending
0001574085-23-000103-xbrl.zip Edgar Link pending
bhr-20230930.htm Edgar Link pending
bhr-20230930.xsd Edgar Link pending
bhr2023q310-qxex311.htm Edgar Link pending
bhr2023q310-qxex312.htm Edgar Link pending
bhr2023q310-qxex321.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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bhr-20230930_def.xml Edgar Link unprocessable
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FilingSummary.xml Edgar Link unprocessable
bhr-20230930_htm.xml Edgar Link completed
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