Mergers & Acquisitions ·
Braemar Hotels & Resorts Inc. entered into an agreement on July 13, 2026, to sell the Pier House Resort & Spa in Key…
BHR-PBBraemar Hotels & Resorts Inc.
Braemar Hotels & Resorts Inc. entered into an agreement on July 13, 2026, to sell the Pier House Resort & Spa in Key West, Florida, for $190.0 million in cash. Additionally, the company completed the sale of The Ritz-Carlton Sarasota, Hotel Yountville, and the Bardessono Hotel and Spa on July 14, 2026, for approximately $432.7 million in cash net of expenses. These transactions included the repayment of approximately $232.8 million on a mortgage loan partially secured by the sold properties. The company operates in the hospitality industry, owning and managing hotel properties.