Name | Value |
---|---|
Revenues | 159.8M |
Cost of Revenue | 133.9M |
Gross Profit | 25.9M |
Operating Expense | 25.2M |
Operating I/L | 0.7M |
Other Income/Expense | -24.5M |
Interest Income | 1.0M |
Pretax | -23.8M |
Income Tax Expense | -1.2M |
Net Income/Loss | -22.0M |
Braemar Hotels & Resorts is a real estate investment trust (REIT) specializing in luxury hotel and resort investments. The company generates revenue by acquiring, owning, and managing upscale properties in premier locations. By offering high-end accommodations and amenities, Braemar Hotels & Resorts targets affluent travelers and aims to deliver exceptional guest experiences. The company's business model revolves around leveraging its real estate assets to generate income through hotel operations, property appreciation, and potential asset sales.