Earnings Call Summary | Braemar Hotels & Resorts Inc(BHR.US) Q2 2024 Earnings Conference
Earnings Call Summary | Braemar Hotels & Resorts Inc(BHR.US) Q2 2024 Earnings Conference
Notable expenses included a $30 million loan payoff for the Cameo Beverly Hills property.The following is a summary of the Braemar Hotels & Resorts Inc. (BHR) Q2 2024 Earnings Call Transcript:
以下是Braemar Hotels & Resorts Inc. （BHR）2024年第二季度業績會電話會議摘要：
Financial Performance:
金融業績：
Braemar Hotels & Resorts reported a net loss of $21.9 million or $0.33 per diluted share, with AFFO per diluted share at $0.10.
Reported comparable RevPAR was $305, marking a 1.5% decrease from the prior year quarter, yet achieved a 22% increase compared to the second quarter of 2019.
Notable expenses included a $30 million loan payoff for the Cameo Beverly Hills property.
Braemar酒店及度假村報告淨虧損2190萬美元，每股攤薄虧損0.33美元，每股調整後基金來自運營活動的淨現金流爲0.10美元。
報告的可比RevPAR爲305美元，比去年同期下降1.5％，但比2019年第二季度增長了22％。
相關費用包括還清Cameo Beverly Hills酒店的3000萬美元貸款。
Business Progress:
業務進展：
Braemar Hotels continued the integration and management improvement of new acquisitions such as the Four Seasons Resort Scottsdale and Ritz-Carlton Reserve Dorado Beach, showing over-performance compared to initial underwriting.
The company concluded the sale of Hilton La Jolla Torrey Pines for $165 million, which is part of their strategy to execute select non-core asset sales to improve financial leverage.
Significant renovations are underway or planned across multiple properties, including the Ritz-Carlton Sarasota and Lake Tahoe, and comprehensive updates planned for other locations.
Braemar酒店及度假村繼續整合和提高新收購的酒店的管理水平，如Four Seasons Resort Scottsdale和Ritz-Carlton Reserve Dorado Beach，相比最初的基礎設施建設業績有所超卓。
公司以執行少量非核心資產出售的策略，從而改善財務槓桿，以1.65億美元的價格出售了Hilton La Jolla Torrey Pines。
多個酒店正在進行或計劃進行重大翻新，包括Ritz-Carlton Sarasota和Lake Tahoe，計劃對其他位置進行全面更新。
Opportunities:
機會：
Group pace continues to accelerate across the portfolio, ahead by 3% for the full year, and 71% up on 2019 for the group revenue, with an increase in the average group booking size and strong conversion rates, especially with the incentive markets.
After the transformative guest room renovation, the Capitol Hilton is positioned for major growth benefiting from a strong citywide calendar, indicating a continuously robust market for urban hotel assets.
組別客房預定在整個投資組合中繼續加速，全年超前3％，團體營業收入比2019年增長了71％，預訂規模增加，轉換率強，尤其是在激勵市場上。
在進行了改造後，Capitol Hilton將受益於強勁的城市日曆市場，有望獲得大幅增長。
Risks:
風險：
Resort segments have shown some softness due to the normalization of demand after peak pandemic levels and the timing shift of Easter having an impact on Q2 results, particularly at the Dorado Beach property where hotel EBITDA dropped significantly from the previous year due to these timing shifts.
度假酒店部分由於需求恢復到疫情高峰後的正常水平和復活節時間表的轉變而出現一些軟弱之處，特別是Dorado Beach酒店，其酒店EBITDA由於這些時間變化而與去年相比大幅下跌。
More details: Braemar Hotels & Resorts Inc IR
更多詳情請參閱Braemar Hotels & Resorts Inc IR。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。