Q4 2025 Braemar Hotels & Resorts Inc Earnings Call Transcript
Key Points
- Braemar Hotels & Resorts Inc (BHR) reported a 1.8% growth in comparable total revenue for the fourth quarter.
- The company's luxury resort portfolio delivered strong performance, with a 4.1% increase in comparable RevPAR and a 6% increase in comparable Hotel EBITDA.
- The Ritz-Carlton, Sarasota, achieved impressive comparable RevPAR growth of approximately 26%.
- The company successfully sold the Clancy in San Francisco for $115 million, allowing for debt reduction and retaining significant net proceeds.
- Braemar Hotels & Resorts Inc (BHR) completed the rebranding and strategic repositioning of Cameo Beverly Hills to Hilton's luxury LXR brand, enhancing its market presence.
- The company reported a net loss attributable to common stockholders of $46 million for the quarter.
- Renovations at three hotels significantly impacted portfolio results, leading to flat comparable hotel RevPAR for the quarter.
- Weather-related factors negatively affected performance at Park Hyatt Beaver Creek and Ritz-Carlton Lake Tahoe.
- The company has a high level of floating debt, with approximately 86% of its debt effectively floating.
- The ongoing sale process of the company creates uncertainty, with no definitive timetable or assurance of a sale.
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. fourth quarter 2025 results conference call. (Operator Instructions)
I would now like to turn the conference over to Alison Beach, director of public relations. Please go ahead.
Good morning and welcome to today's call to review results for Braemar Hotels and Resorts for the 4th quarter in full year 2025 and to update you on recent developments. On the call today will be Richard Stockton, President and Chief Executive Officer, Deric Eubanks, Chief Financial Officer, and Christopher Nixon, Executive Vice President and Head of asset Management.
The results, as well as the notice of accessibility of this conference call on a listen-only basis over the internet, were distributed yesterday in a press release. At this time, let me remind you that certain statements and assumptions in
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