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Braemar Hotels & Resorts Provides Update On Recent Operating Performance

Braemar Hotels & Resorts Inc. (BHR) 
Last braemar hotels & resorts inc. earnings: 2/26 05:10 pm Check Earnings Report
Company Research Source: PR Newswire
DALLAS, Nov. 17, 2021 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") reported today preliminary portfolio occupancy of 62.5% for the month of October with an average daily rate ("ADR") of approximately $337 resulting in RevPAR of approximately $211.  This RevPAR result represents an approximate increase of 12% versus September 2021 and an approximate decrease of 13% versus October 2019.Additionally, for the month of October, Hotel Net Income was $2.3 million. Comparable Hotel EBITDA for the month of October was $9.8 million, a 108% increase versus September 2021's Comparable Hotel EBITDA of $4.7 million."We are pleased to report that during the month of October all of our urban properties achieved positive Hotel EBITDA as business transient demand continued to improve across our markets," said Richard J. Stockton, Braemar's President and Chief Executive Officer.  He added, "Additionally, our resort properties continued to capitalize on strong le Show less Read more
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