{"schema_version":"secwatch.filing_event.v1","accession":"0001574085-22-000121","form_type":"8-K","ticker":"BHR","cik":"0001574085","company_name":"Braemar Hotels & Resorts Inc.","filed_at":"2022-11-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.228758+00:00","generated_at":"2026-06-22T18:19:35.383873+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Braemar Hotels agrees to acquire Four Seasons Resort Scottsdale for $267.8M","bullets":["Purchase price $267.8M ($1.28M per key) for the 210-room Four Seasons Resort Scottsdale at Troon North.","Acquisition funded entirely with existing cash on hand; no new common equity issued.","Expected to close Q4 2022; based on seller data, 2022 forecasted RevPAR of $407 and hotel NOI of $14.2M (5.7% cap rate).","Stabilized yield targeted at ~8.0% over 3-5 years; property has AAA Five Diamond designation."],"urls":{"canonical":"https://secwatch.observer/filing/0001574085-22-000121","json":"https://secwatch.observer/filing/0001574085-22-000121.json","markdown":"https://secwatch.observer/filing/0001574085-22-000121.md","text":"https://secwatch.observer/filing/0001574085-22-000121.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1574085/000157408522000121/0001574085-22-000121-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1574085/000157408522000121/bhr-20221031.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T18:19:35.383873+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c60c0bf5daab2fe794d8350e417463f9d1937719","claim":"Braemar Hotels & Resorts Inc. entered into Purchase and Sale Agreement with SHR FSST, LLC and DTRS FSST, LLC valued at Purchase Price $267,800,000 (effective 2022-10-31).","evidence_excerpt":"On October 31, 2022, Braemar Hotels and Resorts Inc.’s (the “ Company ”) indirect, wholly-owned subsidiary, BHR Scottsdale LP (the “ Purchaser ”), entered into a Purchase and Sale Agreement (the “ Purchase Agreement ”) with SHR FSST, LLC and DTRS FSST, LLC collectively as the seller, for the purchase of the Four Seasons Resort Scottsdale at Troon North (the “ Hotel ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1574085/000157408522000121/0001574085-22-000121-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"SHR FSST, LLC and DTRS FSST, LLC"},{"label":"Value","value":"Purchase Price $267,800,000"},{"label":"Effective","value":"2022-10-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}