Braemar Hotels & Resorts reported a net loss attributable to common stockholders of $18.7 million, with a comparable RevPAR decrease of 65.6% to $80.84. The company achieved positive Hotel EBITDA across its portfolio, driven by strong occupancy at leisure properties, and signed several forbearance agreements, resulting in no loan defaults.
Net loss attributable to common stockholders for the quarter was $18.7 million or $0.55 per diluted share.
Comparable RevPAR for all hotels decreased 65.6% to $80.84 during the quarter.
Adjusted EBITDAre was negative $3.1 million for the quarter.
Comparable Hotel EBITDA was $0.4 million for the quarter.
Braemar will continue to focus on ways to maximize value for its shareholders as they navigate these uncertain times.
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