Record Quarterly RevPAR and Revenue Growth
Braemar Hotels & Resorts achieved a record quarterly RevPAR of $404, marking a 4.2% increase over the prior year. Total hotel revenue also increased by 4.4%.
Strong Performance in Urban Hotels
Urban hotels showed a notable RevPAR growth of 11.3%, with the Capital Hilton benefiting from the presidential inauguration, leading to a 19.3% year-over-year RevPAR growth.
Successful Debt Management
The company addressed its final 2025 debt maturity, reducing the cost of capital and improving the maturity schedule.
Asset Management and CapEx Initiatives
Significant capital expenditures are planned to enhance hotel offerings, including renovations at Hotel Yountville and Park Hyatt Beaver Creek, and new luxury cabanas at Ritz-Carlton St. Thomas.
Strong Group Revenue Growth
First quarter group revenue increased by 31% compared to the prior year, driven by strategic sales initiatives and major citywide events.