Quarterly ResultAug 6, 2026, 04:47 PM
Braemar Hotels 6-Month Net Income $24.74M; Sells Park Hyatt Beaver Creek
AI Summary
Braemar Hotels & Resorts Inc. reported a net loss attributable to common stockholders of $(0.71) million for the three months ended June 30, 2026, a significant improvement from a $(16.02) million loss in the prior year. For the six months, the company achieved a net income attributable to common stockholders of $4.19 million, reversing a loss of $(18.57) million year-over-year. Total hotel revenue for the six-month period was $380.01 million, a slight decrease from $394.90 million in the prior year. The company also recorded a $17.40 million gain on disposition of assets, including the sale of the Park Hyatt Beaver Creek Resort & Spa in May 2026.
Key Highlights
- Net income attributable to common stockholders for six months was $4.19 million, reversing a $(18.57) million loss YoY.
- Net income attributable to the Company for six months was $24.74 million, up from $5.53 million YoY.
- Total hotel revenue for six months decreased to $380.01 million from $394.90 million YoY.
- Basic EPS for six months was $0.06, compared to $(0.28) loss YoY.
- Gain on disposition of assets and hotel property for six months was $17.40 million.
- Net cash provided by operating activities for six months increased to $42.87 million from $38.20 million YoY.
- Assets held for sale totaled $327.89 million as of June 30, 2026.
Price Impact
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