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On February 13, 2024, the judge ordered the parties to submit additional briefing related to on-site breaks.
−Removed: A tentative settlement has been reached subject to the respective parties obtaining various approvals.
−Removed: As of December 31, 2024, the estimated settlement liability amount has been accrued.
+Added: A tentative settlement in the amount of $850,000 was reached on February 14, 2025.
+Added: Final court approval was obtained on September 12, 2025.
+Added: Braemar’s portion of the settlement is 11.7%.
+Added: The case is now in the settlement administration phase.
+Added: As of December 31, 2025, the settlement liability amount has been accrued.
On June 8, 2022, a lawsuit was filed against various Hilton entities on behalf of a class of all hourly employees at all Hilton-branded managed properties in California, including Hilton La Jolla Torrey Pines.
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The allocation to Hilton La Jolla Torrey Pines is approximately $401,000, which was accrued as of December 31, 2025.
+Added: The Court granted a motion for preliminary approval of the settlement on October 27, 2025, and a hearing on a motion for final approval is set for April 20, 2026.
On August 4, 2020, a lawsuit, Benjamin Zermeno v.
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A private mediation was held on December 27, 2024 to globally resolve the three outstanding matters.
−Removed: A tentative settlement was reached subject to the parties finalizing the agreement and court approval.
−Removed: As of December 31, 2024, the estimated settlement liability amount has been accrued.
+Added: The Court approved the settlement of all matters on January 16, 2026.
+Added: The aggregate settlement is $2.5 million.
+Added: Braemar’s portion of the settlement is approximately $679,000.
+Added: As of December 31, 2025, the settlement liability amount has been accrued.
We are also engaged in other legal proceedings that have arisen but have not been fully adjudicated.
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Based on the information available to us relating to these legal proceedings and/or our experience in similar legal proceedings, we do not believe the ultimate resolution of these proceedings, either individually or in the aggregate, will have a material adverse effect on our consolidated financial position, results of operations, or cash flow.
−Removed: During the quarter ended September 30, 2023, we had a cyber incident that resulted in the potential exposure of certain personal information.
−Removed: We have completed an investigation and have identified certain information that may have been exposed and notified potentially impacted individuals pursuant to applicable state guidelines.
−Removed: All systems have been restored.
−Removed: In February of 2024, two class action lawsuits were filed, one in the U.S.
−Removed: District Court for the Northern District of Texas and a second in the 68th District Court for Dallas County related to the cyber incident.
−Removed: The lawsuit filed in the 68th District Court was subsequently dismissed and refiled in the U.S.
−Removed: District Court for the Northern District of Texas.
−Removed: On March 12, 2024, the court ordered the two cases be consolidated.
−Removed: The consolidated case is currently pending in the U.S.
−Removed: District Court for the Northern District of Texas.
−Removed: The parties have reached an agreement, subject to final Court approval, to resolve the class action suit.
−Removed: The amount of the class settlement is approximately $485,000.
−Removed: expects the entire settlement amount to be reimbursed through insurance coverage.
−Removed: The hearing for final Court approval of the settlement is scheduled for August 27, 2025.
Our assessment may change depending upon the development of any current or future legal proceedings, and the final results of such legal proceedings cannot be predicted with certainty.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.