Braemar Hotels & Resorts Inc (FRA:42V)

Q4 2024 Braemar Hotels & Resorts Inc Earnings Call Transcript

Feb 27, 2025 / 04:00 PM GMT

Release Date Price: €2.46 (-3.91%)

Transcript 10-K8-K

Key Points

Positve

Braemar Hotels & Resorts Inc (BHR) achieved a 1.9% comparable RevPAR growth in the fourth quarter, marking a positive turnaround after six consecutive quarters of decline.
The company reported a 5.3% increase in comparable total hotel revenue, driven by a strong 7% increase in group revenue.
Braemar Hotels & Resorts Inc (BHR) successfully refinanced a $293 million loan, eliminating any final debt maturities for 2025.
The luxury resort portfolio delivered solid performance with a 1.3% increase in comparable RevPAR and a 4.1% increase in combined comparable hotel EBITDA.
The company made significant capital improvements, including renovations at the Four Seasons Resort Scottsdale and Ritz-Carlton properties, enhancing guest experiences and driving long-term value.

Negative

Braemar Hotels & Resorts Inc (BHR) reported a net loss attributable to common stockholders of $31.1 million for the quarter.
The company faced temporary challenges due to unseasonably mild winter weather and shifts in festive event timings, impacting demand in key seasonal destinations.
The Los Angeles market experienced fluctuations in demand due to the South California fires, affecting group business and leading to cancellations.
Approximately 77% of the company's debt is effectively floating, which could pose risks in a volatile interest rate environment.
Despite improvements, the company continues to face challenges in the transaction market, with ongoing efforts to close the gap between buyers and sellers' expectations.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BHR.N - Braemar Hotels & Resorts Inc
Q4 2024 Braemar Hotels & Resorts Inc Earnings Call
Feb 27, 2025 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello and thank you for standing by. My name is Regina, and I will be your conference operator today. At this time, I would like to welcome everyone to the Bramore Hotels and Resorts Inc. 4th quarter 2024 results conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press, then the number one on your telephone keypad to withdraw your question, press one again. I would now like to turn the conference over to Derek Eubanks, Chief Financial Officer. Please go ahead.

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