This is the 10208th most frequent Russian word.
благодарям
"Благодарям" is not a standard Russian word; it may be a mistaken form.
This sentence sees 'благодарим' used in a formal and concise manner, suitable for a closure or acknowledgement.
Благодарим за внимание.
Thank you for your attention.
The word 'благодарим' is used here as a form of the verb 'благодарить' in the present tense, first person plural, expressing the act of thanking someone directly.
Мы благодарим вас за ваше гостеприимство.
We thank you for your hospitality.
While this construction is slightly incorrect grammatically (should be 'благодарить' in this case, not 'благодарим'), it reflects a learning point regarding verb conjugation in expressing obligation.