BRAEMAR HOTELS & RESORTS ANNOUNCES $358 MILLION REFINANCING OF FOUR HOTELS
Key Highlights
- ➤$358.0M CMBS loan refinances four Braemar hotels
- ➤Interest spread falls 104 basis points to SOFR + 2.37%
- ➤Final maturity extends to November 2031 with extension options
- ➤Loan balance is $42.0M below October presentation estimate
Expert Statements
Richard J. Stockton, President and Chief Executive Officer of Braemar Hotels & Resorts
“This refinancing meaningfully lowers our interest rate spread and extends maturities on the loans for four of our seven hotels. The final loan balance also came in well below our October investor presentation estimate, reflecting our management team's disciplined approach to capital allocation and commitment to creating long-term value for shareholders”
BRAEMAR HOTELS & RESORTS ANNOUNCES $358 MILLION REFINANCING OF FOUR HOTELS PR Newswire
DALLAS, Nov. 10, 2026 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") announced today that it has successfully closed a new $358.0 million CMBS loan secured by The Ritz-Carlton St. Thomas, The Ritz-Carlton Reserve Dorado Beach, The Notary Hotel and Sofitel Chicago Magnificent Mile. The loan is interest-only, has a two-year initial term with three one-year extension options, subject to certain conditions, taking the final maturity to November 2031 and provides for a floating interest rate of SOFR + 2.37%.
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