| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 208.98 | 3.2% |
| Total Income | 208.98 | 3.2% |
| Expenditure | 169.36 | 5.4% |
| PBT | 19.45 | 60.2% |
| Net Profit | 17.70 | 60.9% |
| OPM | 18.96% | 1.94pp |
| NPM | 8.47% | 3.38pp |
| EPS | 0.07 | 275.0% |
Braemar Hotels & Resorts Reports First Quarter 2026 Results
07 May 2026 · 7 May, 1:45 am
Summary
Braemar Hotels & Resorts Inc. reported financial results for the first quarter ended March 31, 2026. Comparable RevPAR for all hotels totaled $481, an increase of 5.7% over the prior year quarter. Net income attributable to common stockholders for the quarter was $4.9 million or $0.07 per diluted share. Comparable Hotel EBITDA was $75.5 million for the quarter, up 13.7% over the prior year quarter. Subsequent to quarter end, the Company announced that it entered into a definitive agreement to sell the 193-room Park Hyatt Beaver Creek Resort & Spa for $176 million.
Key Highlights
- 1
Comparable Total RevPAR for all hotels increased 5.4% over the prior year quarter to $771.
- 2
Comparable RevPAR for all hotels totaled $481, an increase of 5.7% over the prior year quarter.
- 3
Comparable ADR increased 5.7% over the prior year quarter to $745.
- 4
Net income attributable to common stockholders for the quarter was $4.9 million or $0.07 per diluted share.
- 5
Adjusted EBITDAre was $66.5 million for the quarter.
- 6
Comparable Hotel EBITDA was $75.5 million for the quarter, up 13.7% over the prior year quarter.
- 7
The Bardessono Hotel and Spa delivered RevPAR growth of approximately 20.0% over the prior year quarter, with Hotel EBITDA flow-through of approximately 92%.
Management Comments
Richard J. Stockton
I’m extremely pleased with our solid first quarter performance, highlighted by comparable RevPAR growth of approximately 5.7%, comparable Hotel EBITDA growth of 13.7% and 259 basis points of margin expansion to 35.7%. While occupancies appear to have stabilized, we continue to be able to achieve significant rate growth against a backdrop of muted supply across US and Caribbean lodging markets. And with $10.8 million of comparable total revenue growth and $9.1 million of comparable Hotel EBITDA growth, our portfolio achieved an outstanding 84% flow-through for the quarter. With the announcement of the sale of Park Hyatt Beaver Creek at an attractive cap rate, we continue to make encouraging progress on our strategic alternatives process and will be able to provide further updates in the near future.
Informational and educational content only. Not investment advice.