DivestmentJun 10, 2026, 05:31 PM
Braemar Hotels & Resorts Sells 3 Properties for $437.5M
AI Summary
Braemar Hotels & Resorts Inc., through its indirect subsidiaries, has entered into an Agreement of Purchase and Sale to divest three hotel properties for a total cash consideration of $437.5 million. The properties being sold are The Ritz-Carlton Sarasota, the Hotel Yountville, and the Bardessono Hotel and Spa. The transaction is anticipated to close within 20-35 days, pending the satisfaction of customary closing conditions.
Key Highlights
- Braemar Hotels & Resorts' indirect subsidiaries entered an Agreement of Purchase and Sale.
- The company is selling three properties for a total purchase price of $437.5 million in cash.
- Properties include The Ritz-Carlton Sarasota, Hotel Yountville, and Bardessono Hotel and Spa.
- The sale is expected to close in approximately 20-35 days.
- The transaction is subject to customary closing conditions.
Price Impact
More from BHR