Braemar Hotels & Resorts reported a solid fourth quarter in 2022, marked by an 8.3% increase in comparable RevPAR and a 33% growth in Adjusted EBITDAre compared to the prior year quarter. The company also completed the acquisition of the Four Seasons Resort Scottsdale and increased its quarterly common stock dividend.
Comparable RevPAR increased 8.3% year-over-year to $301.
Adjusted EBITDAre grew by 33% year-over-year to $39.2 million.
Completed the acquisition of the Four Seasons Resort Scottsdale.
Increased quarterly common stock dividend to $0.05 per share.
Braemar anticipates strong leisure demand and continued recovery of its urban portfolio in 2023.
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