XML 77 R56.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Leases (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Leases [Abstract] |
Lease Balances | As of December 31, 2024 and 2023, our leased assets and liabilities consisted of the following (in thousands):
|  |  |  |  | December 31, 2024 |  | December 31, 2023 |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |
Operating lease right-of-use assets |  |  |  |  | $ | 34,852 |  |  | $ | 78,383 |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |
Operating lease liabilities |  |  |  |  | $ | 19,984 |  |  | $ | 60,379 |  |  |  |  |  |  |
Lease Cost and Other Information | We incurred the following lease costs related to our operating leases (in thousands):
|  |  |  | Year Ended December 31, |
|  | Classification |  | 2024 |  | 2023 |  | 2022 |
Operating lease cost (1) |  | Hotel operating expenses - other |  | $ | 4,505 |  |  | $ | 6,757 |  |  | $ | 6,653 |  |
_______________________________________ (1) For the years ended December 31, 2024, 2023 and 2022, operating lease cost includes approximately $934,000, $2.3 million and $2.2 million, respectively, of variable lease cost associated with the ground leases. Additionally, we recorded $451,000, $474,000 and $474,000, respectively, of amortization costs related to the intangible assets that were reclassified to “operating lease right-of-use assets” upon adoption of ASC 842. Short-term lease costs in aggregate are immaterial. Other information related to leases is as follows:
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
Supplemental Cash Flows Information |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows used for operating leases (in thousands) |  | $ | 3,288 |  |  | $ | 3,310 |  |  | $ | 3,307 |
Weighted Average Remaining Lease Term |  |  |  |  |  |
Operating leases (1) |  | 41 years |  | 43 years |  | 44 years
Weighted Average Discount Rate |  |  |  |  |  |
Operating leases (1) |  | 5.25 | % |  | 4.98 | % |  | 4.98 | %
_______________________________________ (1) Calculated using the lease term, excluding extension options, and discount rates of the ground leases.
Maturities of Operating Lease Liabilities | Future minimum lease payments due under non-cancellable leases as of December 31, 2024 were as follows (in thousands):
|  | Operating Leases |  |
2025 |  | $ | 1,216 |  |  |
2026 |  | 1,124 |  |  |
2027 |  | 1,132 |  |  |
2028 |  | 1,136 |  |  |
2029 |  | 1,129 |  |  |
Thereafter |  | 52,152 |  |  |
Total future minimum lease payments (1) |  | 57,889 |  |  |
Less: interest |  | (37,905) |  |  |
Present value of operating lease liabilities |  | $ | 19,984 |  |  |
_______________________________________ (1) Based on payment amounts as of December 31, 2024.

X
- Definition Assets And Liabilities, Lessee [Table Text Block] + References No definition available. + Details
Name: | bhr_AssetsAndLiabilitiesLesseeTableTextBlock
Namespace Prefix: | bhr_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration