Loan & DebtJun 29, 2026, 04:12 PM
Braemar Hotels Extends $43.4M Ritz-Carlton Lake Tahoe Loan
AI Summary
Braemar Hotels & Resorts Inc. announced the extension of its $43.4 million mortgage loan for the 170-room Ritz-Carlton Lake Tahoe. The loan's maturity date has been moved from July 15, 2026, to October 15, 2026, with an interest rate of SOFR + 325 basis points. The company also has an option for a further three-month extension on the same terms. This extension resolves Braemar's last remaining 2026 maturity, with no other final maturities due until 2028.
Key Highlights
- Braemar Hotels & Resorts extended a $43.4 million mortgage loan.
- The loan is secured by the 170-room Ritz-Carlton Lake Tahoe.
- Original maturity date was July 15, 2026.
- New maturity date is October 15, 2026.
- The extended loan is priced at SOFR + 325 basis points.
- A further three-month extension is available at the company's discretion.
- This addresses the company's only remaining 2026 maturity.
- No other final maturities are due until 2028.
Price Impact
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