XML 48 R2.htm IDEA: XBRL DOCUMENT v3.24.1
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Pay Versus Performance
   
The following table and footnotes summarize the total compensation we paid to our Named Executive Officers (our “NEOs”), compensation “actually paid” to our NEOs (calculated in accordance with SEC rules), the cumulative total shareholder return of the Company, the peer group total shareholder return and our net income for the past four fiscal years. We do not use any financial performance measures to link compensation actually paid to our NEOs by us to the Company’s performance. Accordingly, pursuant to the SEC rules, we have not included a “company selected measure” or the tabular list of performance measures. Please see “Compensation Discussion and Analysis—Compensation Overview” above for an explanation of why we pay our NEOs no cash compensation. For information regarding the compensation paid by RMR and RMR Inc. to our NEOs, please see the above “RMR and RMR Inc. Compensation Practices” section.
Pay Versus Performance
Summary
Compensation
Table Total for
Principal
Executive
Officer (“PEO”)
Compensation
Actually Paid
to PEO
(1)
Summary
Compensation
Table Total
for PEO
Compensation
Actually Paid
to PEO
(1)
Average
Summary
Compensation
Table Total for
Non-PEO NEOs
Average
Compensation
Actually Paid
to Non-PEO’s
NEOs
(2)(3)
Value of Initial Fixed $100
Investment Based on:
Net
Income
(Loss)
($000s)
Year
Total
Shareholder
Return
Peer
Group Total
Shareholder
Return*
Todd W. Hargreaves
2023
$ 134,880 $ 190,666 $ 134,880 $ 190,666 $ 41.11 $ 94.11
$ (32,779)
Todd W. Hargreaves
John G. Murray
2022
106,283 83,018 255,291 174,355 106,280 83,202 31.86 75.47
(132,381)
2021
423,814 298,654 108,680 69,720 37.27 89.02
(544,603)
2020
319,525 91,328 88,717 18,963 48.55 76.06
(311,382)
*
Peer group total shareholder return is based on the MSCI U.S. REIT/Hotel & Resort REIT Index.
(1)
The following table summarizes the applicable deductions and additions for the PEO in the calculation of Compensation Actually Paid to the PEO.
PEO Compensation Actually Paid
Year
PEO Name
Total
Compensation
Per Summary
Compensation
Table Less Stock
Grant Amount
Year End Fair
Value of
Equity
Awards
Granted and
Unvested
During
Applicable
Year
Change in Fair
Value as of
Year End of
Any Prior Year
Awards that
Remain
Unvested as of
Year End
Awards
Granted and
Vested in the
Same Year, at
Fair Value as
of the Vesting
Date
Change in Fair
Value as of
Year End of
Any Prior Year
Awards that
Vested During
Applicable
Year
Total Equity
Value
Reflected in
Compensation
Actually Paid
Compensation
Actually Paid to

PEO
2023
Todd W. Hargreaves
$19,080
$102,480
$18,750
$23,160
$27,196
$171,586
$190,666
(2)
The only non-PEO NEO for 2023 was Brian E. Donley.
(3)
The following table summarizes the applicable deductions and additions for the Non-PEO NEO in the calculation of Compensation Actually Paid to the Non-PEO NEO.
Average Non-PEO NEOs—Compensation Actually Paid
Year
Total
Compensation
Per Summary
Compensation
Table Less Stock
Grant Amount
Year End Fair
Value of
Equity
Awards
Granted and
Unvested
During
Applicable
Year
Change in Fair
Value as of
Year End of
Any Prior Year
Awards that
Remain
Unvested as of
Year End
Awards
Granted and
Vested in the
Same Year, at
Fair Value as
of the Vesting
Date
Change in Fair
Value as of
Year End of
Any Prior Year
Awards that
Vested During
Applicable
Year
Total Equity
Value
Reflected in
Compensation
Actually Paid
Compensation
Actually Paid to
Non-PEO NEOs
2023
$19,080
$102,480
$18,750
$23,160
$27,196
$171,586
$190,666
     
Named Executive Officers, Footnote
(2)
The only non-PEO NEO for 2023 was Brian E. Donley.
     
Peer Group Issuers, Footnote
*
Peer group total shareholder return is based on the MSCI U.S. REIT/Hotel & Resort REIT Index.
     
Adjustment To PEO Compensation, Footnote
(1)
The following table summarizes the applicable deductions and additions for the PEO in the calculation of Compensation Actually Paid to the PEO.
PEO Compensation Actually Paid
Year
PEO Name
Total
Compensation
Per Summary
Compensation
Table Less Stock
Grant Amount
Year End Fair
Value of
Equity
Awards
Granted and
Unvested
During
Applicable
Year
Change in Fair
Value as of
Year End of
Any Prior Year
Awards that
Remain
Unvested as of
Year End
Awards
Granted and
Vested in the
Same Year, at
Fair Value as
of the Vesting
Date
Change in Fair
Value as of
Year End of
Any Prior Year
Awards that
Vested During
Applicable
Year
Total Equity
Value
Reflected in
Compensation
Actually Paid
Compensation
Actually Paid to

PEO
2023
Todd W. Hargreaves
$19,080
$102,480
$18,750
$23,160
$27,196
$171,586
$190,666
     
Non-PEO NEO Average Total Compensation Amount $ 134,880 $ 106,280 $ 108,680 $ 88,717
Non-PEO NEO Average Compensation Actually Paid Amount $ 190,666 83,202 69,720 18,963
Adjustment to Non-PEO NEO Compensation Footnote
(3)
The following table summarizes the applicable deductions and additions for the Non-PEO NEO in the calculation of Compensation Actually Paid to the Non-PEO NEO.
Average Non-PEO NEOs—Compensation Actually Paid
Year
Total
Compensation
Per Summary
Compensation
Table Less Stock
Grant Amount
Year End Fair
Value of
Equity
Awards
Granted and
Unvested
During
Applicable
Year
Change in Fair
Value as of
Year End of
Any Prior Year
Awards that
Remain
Unvested as of
Year End
Awards
Granted and
Vested in the
Same Year, at
Fair Value as
of the Vesting
Date
Change in Fair
Value as of
Year End of
Any Prior Year
Awards that
Vested During
Applicable
Year
Total Equity
Value
Reflected in
Compensation
Actually Paid
Compensation
Actually Paid to
Non-PEO NEOs
2023
$19,080
$102,480
$18,750
$23,160
$27,196
$171,586
$190,666
     
Compensation Actually Paid vs. Total Shareholder Return
[MISSING IMAGE: bc_capvstsr-4c.jpg]
     
Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_netincome-4c.jpg]
     
Total Shareholder Return Vs Peer Group
[MISSING IMAGE: bc_svcvspeer-4c.jpg]
     
Total Shareholder Return Amount $ 41.11 31.86 37.27 48.55
Peer Group Total Shareholder Return Amount 94.11 75.47 89.02 76.06
Net Income (Loss) $ (32,779,000) (132,381,000) (544,603,000) (311,382,000)
PEO Name Todd W. Hargreaves      
Todd Hargreaves [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount $ 134,880 106,283
PEO Actually Paid Compensation Amount 190,666 83,018
Todd Hargreaves [Member] | Equity Awards Value In Summary Compensation Table (Grant Date Value)        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 19,080      
Todd Hargreaves [Member] | Total Equity Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 171,586      
Todd Hargreaves [Member] | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 102,480      
Todd Hargreaves [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 18,750      
Todd Hargreaves [Member] | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 23,160      
Todd Hargreaves [Member] | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 27,196      
John Murray [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount 255,291 423,814 319,525
PEO Actually Paid Compensation Amount $ 174,355 $ 298,654 $ 91,328
Brian E. Donley [Member] | Equity Awards Value In Summary Compensation Table (Grant Date Value)        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 19,080      
Brian E. Donley [Member] | Total Equity Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 171,586      
Brian E. Donley [Member] | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 102,480      
Brian E. Donley [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 18,750      
Brian E. Donley [Member] | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 23,160      
Brian E. Donley [Member] | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 27,196