- Braemar Hotels & Resorts (NYSE:BHR) reported prelim portfolio occupancy of 56.4% for September with an average daily rate of ~$333 leading to RevPAR of ~$188 (+166.7% Y/Y).
- It expects to report occupancy of 61.7% for Q3 with ADR of ~$357 and RevPAR of ~$220 (+172.4% Y/Y).
- "Our Napa properties continue to be strong performers. In the month of September, Bardessono Resort and Spa and Hotel Yountville lead the portfolio in ADR, achieving $1,440 and $996, respectively. Looking ahead, we believe Braemar is well-positioned to continue to execute on its disciplined strategy for growth," president & CEO Richard J. Stockton commented.