Braemar Hotels & Resorts Completes Sale of Park Hyatt Beaver Creek Resort for $176 Million
Braemar Hotels & Resorts Inc. has completed the sale of its Park Hyatt Beaver Creek Resort & Spa for $176 million, representing a capitalization rate of 4.6% on net operating income and delivering strong returns to investors after acquiring it in 2017 for $145.5 million.
Tickers: $BHR PRB
Topics: asset sale balance sheet improvement luxury hotels real estate