Quarterly ResultMay 6, 2026, 04:15 PM
Braemar Hotels Q1 RevPAR +5.7%, Hotel EBITDA +13.7%; Sells Park Hyatt
AI Summary
Braemar Hotels & Resorts reported strong first-quarter 2026 financial results, with comparable RevPAR increasing by 5.7% and comparable Hotel EBITDA growing by 13.7%. Net income attributable to common stockholders was $4.9 million, or $0.07 per diluted share. The company also announced a definitive agreement to sell the 193-room Park Hyatt Beaver Creek Resort & Spa for $176 million, representing a 4.6% capitalization rate.
Key Highlights
- Comparable RevPAR for all hotels increased 5.7% to $481.
- Comparable Hotel EBITDA was $75.5 million, up 13.7% over prior year quarter.
- Net income attributable to common stockholders was $4.9 million ($0.07 per diluted share).
- Adjusted funds from operations (AFFO) was $0.52 per diluted share.
- Agreed to sell Park Hyatt Beaver Creek Resort & Spa for $176 million.
- Comparable Total RevPAR for all hotels increased 5.4% to $771.
- Ended quarter with $93.4 million in cash and cash equivalents.
- Redeemed approximately $17.0 million of non-traded preferred stock.