Braemar Hotels sells Ritz-Carlton Sarasota, two Napa Valley hotels for USD 432.7 million
Braemar Hotels & Resorts, Inc. BHR | 0.00 |
- Braemar closed the sale of The Ritz-Carlton Sarasota, Hotel Yountville, Bardessono Hotel and Spa on July 14, 2026 for USD 432.7 million cash.
- Proceeds were net of transfer taxes, selling expenses, and USD 5 million paid for hotel net working capital.
- Transaction funded repayment of about USD 232.8 million on a mortgage loan partially secured by the three properties.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Braemar Hotel & Resorts Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001574085-26-000116), on July 17, 2026, and is solely responsible for the information contained therein.
