Braemar Hotels & Resorts Inc (FRA:42V)
€ 1.92 -0.060 (-3.03%) Market Cap: 135.30 Mil Enterprise Value: 1.05 Bil PE Ratio: 0 PB Ratio: 1.06 GF Score: 62/100

Q1 2025 Braemar Hotels & Resorts Inc Earnings Call Transcript

May 8, 2025 / 03:00 PM GMT
Release Date Price: €1.7

Key Points

Positve
  • Braemar Hotels & Resorts Inc (BHR) achieved a 4.2% increase in comparable RevPAR, marking the highest quarterly RevPAR in the company's history.
  • The company successfully addressed its final 2025 debt maturity, resulting in a lower cost of capital and an improved maturity schedule.
  • Urban hotels showed strong performance with an 11.3% increase in comparable RevPAR, supported by events like the Presidential inauguration.
  • Group revenue increased by 31% year-over-year, reflecting effective sales strategies and strong demand.
  • The company has redeemed approximately $90 million of non-traded preferred stock, aiming to deleverage and improve cash flow per share.
Negative
  • Braemar Hotels & Resorts Inc (BHR) reported a net loss attributable to common stockholders of $2.5 million for the quarter.
  • The California wildfires negatively impacted the Los Angeles market, causing some displacement and group room revenue loss.
  • Approximately 77% of the company's debt is effectively floating, which could pose risks in a rising interest rate environment.
  • International inbound exposure is minimal, with some markets like St. Thomas experiencing a decline in international arrivals.
  • The company faces challenges in maintaining margins without rate-driven RevPAR growth, despite cost containment efforts.


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

BHR.N - Braemar Hotels & Resorts Inc
Q1 2025 Braemar Hotels & Resorts Inc Earnings Call
May 08, 2025 / 03:00PM 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 Braemar Hotels and Resorts Inc. First quarter 2025 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 star, then the number one on your telephone keypad. I would now like to turn the conference over to Derek Eubanks, Chief Financial Officer. Please go ahead.

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Unidentified_2 [2]
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