---
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"
generated_at: "2026-06-22T18:19:35.383873+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Braemar Hotels agrees to acquire Four Seasons Resort Scottsdale for $267.8M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001574085-22-000121
- JSON: https://secwatch.observer/filing/0001574085-22-000121.json
- Plain text: https://secwatch.observer/filing/0001574085-22-000121.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: SHR FSST, LLC and DTRS FSST, LLC
  - Value: Purchase Price $267,800,000
  - Effective: 2022-10-31
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1574085/000157408522000121/0001574085-22-000121-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.