Braemar Hotels & Resorts reports third quarter revenue up 3.9% and RevPAR up 1.4%
Braemar Hotels & Resorts Inc. reported third quarter 2025 results with comparable revenue growth of 3.9% and comparable RevPAR growth of 1.4% compared to the prior year period. Comparable Hotel EBITDA increased by 15.1% to $21.4 million, and Adjusted EBITDAre was $16.4 million for the quarter. The company ended the quarter with $116.3 million in cash and cash equivalents and $47.7 million in restricted cash. Net debt to gross assets was 43.2%. Capex invested during the quarter totaled $21.5 million. Braemar redeemed approximately $18.5 million of its non-traded preferred stock in cash. Business developments included the sale of the Marriott Seattle Waterfront and an agreement to sell The Clancy, as part of a strategy to refine the company's portfolio.
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