Braemar Hotels & Resorts Inc Q2 2020 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Bryan Anthony Maher - B. Riley FBR, Inc., Research Division - Analyst : A couple of questions, and I apologize if I missed it. I'm guessing that the Courtyard San Francisco is going to open when the construction is completed in September. Is that correct?

Question: Bryan Anthony Maher - B. Riley FBR, Inc., Research Division - Analyst : And then the Capital Hilton, what were the thoughts there on getting that reopened?

Question: Bryan Anthony Maher - B. Riley FBR, Inc., Research Division - Analyst : Okay. And then -- and maybe this is a question for Deric. You ran through the numbers, I guess, on the monthly burn rate that were pretty helpful. But to just kind of clarify, it's roughly $5 million for the hotels, $2.5 million on interest expense. Was that all interest expense? Or was that just one component of it? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JULY 31, 2020 / 3:00PM, BHR.N - Q2 2020 Braemar Hotels & Resorts Inc Earnings Call

Question: Bryan Anthony Maher - B. Riley FBR, Inc., Research Division - Analyst : And what happens -- when is the interest that's being forbeared, when is that paid back? At the end of the loan? At some point over the next year or 2? How is that handled?

Question: Bryan Anthony Maher - B. Riley FBR, Inc., Research Division - Analyst : Okay. And then the last component was, I think you said $1.3 million of G&A-ish type expenses. So that gets to about an $8.8 million a month burn rate, would that be roughly accurate?

Question: Bryan Anthony Maher - B. Riley FBR, Inc., Research Division - Analyst : Okay. Great. That's helpful. And then can you talk briefly about -- you talked about 25% SG&A cost savings. How sustainable is that? I mean, as you look out 6, 12, 18 months from now, clearly, there are some things you're probably putting in place that might carry over. How should we think about that down the road a little bit?

Question: Bryan Anthony Maher - B. Riley FBR, Inc., Research Division - Analyst : Great. And then just last for me. On the Ritz-Carlton St. John, can you give us an update on what's going on there as it relates to customers actually getting to that property from an airlift standpoint?