Braemar Hotels & Resorts to Sell Park Hyatt Beaver Creek Resort & Spa for $176 Million
Braemar Hotels & Resorts Inc. (NYSE: BHR) has agreed to sell the Park Hyatt Beaver Creek Resort & Spa for $176 million, with a $6.5 million earnest money deposit received. The sale is expected to close in May 2026 and will be used to redeem outstanding convertible notes. The transaction reflects a 5.1% capitalization rate on the property's net operating income.
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Topics: asset sale Braemar Hotels & Resorts hotel industry real estate REIT