BRAEMAR HOTELS & RESORTS ANNOUNCES CLOSING ON SALE OF FOUR SEASONS RESORT SCOTTSDALE
Key Highlights
- ➤Four Seasons Scottsdale sale closed for $372 million, or $1.8 million per key
- ➤Sale reflects 5.8% capitalization rate and 15.0x trailing Hotel EBITDA
- ➤Transaction generated approximately 15% unlevered return, above Braemar’s 10% minimum target
- ➤Proceeds and cash on hand expected to fund remaining external-advisor separation fees
- ➤Braemar remains on track to complete self-managed REIT transition in mid-November
Expert Statements
Richard J. Stockton, President and Chief Executive Officer of Braemar Hotels & Resorts
“I am extremely pleased with our investment in the Four Seasons Scottsdale”
Richard J. Stockton, President and Chief Executive Officer of Braemar Hotels & Resorts
“Having acquired the property in 2022, this transaction further demonstrates our acquisition team's ability to source and underwrite attractive opportunities, in addition to our asset management team's ability to implement deliverable growth strategies.”
Richard J. Stockton, President and Chief Executive Officer of Braemar Hotels & Resorts
“In doing so, we generated an unlevered return of approximately 15%, significantly above our 10% minimum target.”
Richard J. Stockton, President and Chief Executive Officer of Braemar Hotels & Resorts
“We expect the proceeds from this sale, together with cash on hand, to fund the remaining fees owed to our external advisor under our separation agreement.”
Richard J. Stockton, President and Chief Executive Officer of Braemar Hotels & Resorts
“We remain on track to complete our transition to a self-managed REIT in mid-November.”
Richard J. Stockton, President and Chief Executive Officer of Braemar Hotels & Resorts
“We look forward to updating shareholders as we finalize the remaining steps.”
BRAEMAR HOTELS & RESORTS ANNOUNCES CLOSING ON SALE OF FOUR SEASONS RESORT SCOTTSDALE PR Newswire
DALLAS, Nov. 3, 2026 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") announced today that it has closed on the previously announced sale of the 210-room Four Seasons Resort Scottsdale for $372 million ($1.8 million per key), subject to customary prorations and adjustments. Including anticipated capital expenditures of $23 million, the sale price represents a 5.8% capitalization rate on net operating income and a 15.0x Hotel EBITDA multiple for the trailing 12 months ended September 2026.
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