Braemar Hotels & Resorts Inc. reported strong fourth quarter performance with a 1.9% increase in comparable RevPAR for all hotels, reaching $305. The company ended the quarter with substantial cash and cash equivalents, and a net debt to gross assets ratio of 40.8%.
Comparable RevPAR for all hotels increased 1.9% over the prior year quarter to $305.
Net loss attributable to common stockholders for the quarter was $(31.1) million or $(0.47) per diluted share.
Adjusted EBITDAre was $30.2 million for the quarter.
The Company ended the quarter with cash and cash equivalents of $135.5 million and restricted cash of $49.6 million.
The company anticipates strong momentum and solid forward bookings into 2025, driven by improving industry fundamentals, sustained growth in urban hotels, and a continued bounce in the resort segment.
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