Mergers & Acquisitions ·
Braemar agrees to sell Four Seasons Resort Scottsdale for $372M, settles with Al Shams
BHRBraemar Hotels & Resorts Inc.
Braemar Hotels & Resorts Inc. announced a definitive agreement to sell the Four Seasons Resort Scottsdale for $372 million ($1.8 million per key), with proceeds expected to fund its separation from Ashford and transition to a self-managed REIT by mid-November 2026. The company also entered into a Cooperation and Settlement Agreement with largest shareholder Al Shams, which withdraws director nomination notices and supports Braemar's nominees at the December 21 annual meeting. Additionally, Braemar provided full-year 2027 financial guidance projecting total revenues of $409 million and adjusted EBITDAre of $88 million, while outlining plans to reduce corporate G&A by over $25 million annually through internalization of management.